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#48 Buy Here Pay Here secrets revealed, Managing 40% loan default rates, Financing customers that banks avoid, Crazy customer horror stories | Tiger Okeley, President at Oak Motors
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Manage episode 394270193 series 3460617
In this episode, I'm speaking with Tiger Okeley, President at Oak Motors.
This episode is brought to you by:
AutoFi's powerful platform helps dealers sell smarter, not harder—online and in the showroom.
Learn more at autofi.com/cdg
CDK Global - Empowering dealers with the tools and technology to build deeper customer relationships.
Learn more @ https://www.cdkglobal.com/dealership-xperience-platform
Interested in advertising with CarDealershipGuy? Drop us a line here
Interested in being considered as a guest on the podcast? Add your name here
Topics:
(00:00:00) - Intro
(00:02:26) - What is a buy here pay here dealership?
(00:03:20) - How’d you get into this industry?
(00:07:10) - Why is Buy Here Pay Here so controversial?
(00:11:23) - What does your business do?
(00:13:22) - What’s your customer profile?
(00:16:27) - How are you able to approve people who may not qualify elsewhere?
(00:18:49) - Pricing risk & interest rates
(00:26:02) - Where do you source vehicles?
(00:28:05) - Repossessions
(00:32:48) - What’s the level of utilizaiton you can get out of a car?
(00:37:18) - Do you target a specific IRR or profitability metric?
(00:43:24) - How do you fundraise?
(00:47:13) - Philanthropy
Check out Oak Motors here.
Check out the website for more (https://dealershipguy.com) and follow me on X @GuyDealership! (https://x.com/guydealership)
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
81 odcinków
Fetch error
Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on May 09, 2024 09:11 ()
What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 394270193 series 3460617
In this episode, I'm speaking with Tiger Okeley, President at Oak Motors.
This episode is brought to you by:
AutoFi's powerful platform helps dealers sell smarter, not harder—online and in the showroom.
Learn more at autofi.com/cdg
CDK Global - Empowering dealers with the tools and technology to build deeper customer relationships.
Learn more @ https://www.cdkglobal.com/dealership-xperience-platform
Interested in advertising with CarDealershipGuy? Drop us a line here
Interested in being considered as a guest on the podcast? Add your name here
Topics:
(00:00:00) - Intro
(00:02:26) - What is a buy here pay here dealership?
(00:03:20) - How’d you get into this industry?
(00:07:10) - Why is Buy Here Pay Here so controversial?
(00:11:23) - What does your business do?
(00:13:22) - What’s your customer profile?
(00:16:27) - How are you able to approve people who may not qualify elsewhere?
(00:18:49) - Pricing risk & interest rates
(00:26:02) - Where do you source vehicles?
(00:28:05) - Repossessions
(00:32:48) - What’s the level of utilizaiton you can get out of a car?
(00:37:18) - Do you target a specific IRR or profitability metric?
(00:43:24) - How do you fundraise?
(00:47:13) - Philanthropy
Check out Oak Motors here.
Check out the website for more (https://dealershipguy.com) and follow me on X @GuyDealership! (https://x.com/guydealership)
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
81 odcinków
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