I PLAN TO LOSE ON OVER 30% OF THE DEALS I MAKE THIS YEAR!
What a stupid goal! Yet for the last 50+ years, the BHPH industry has come to accept this loss as part of doing business.
Check out the BHPH Loss statistics for% of loans written off.
YEAR % WRITTEN OFF
2015 TBD
2014 31.16%
2013 31.41%
2012 31.32%
2011 31.03%
2010 30.39%
2009 30.11%
2008 28.43%
2007 27.71%
IT’S TIME TO STOP ACCEPTING THIS CRACY LOSS RATE!
MOVE TO THE PROFITABLE BUSINES MODEL OF USED CAR LEASING!