SAN DIEGO — LHPH, a provider of services to the lease-here,
pay-here and buy-here, pay-here industries, recently formed an exclusive
relationship with Advantage Funding to provide financing for select dealers. 

Officials explained LHPH and Advantage Funding worked
together for more than a year to develop a dealer-finance model they believe is
profitable and easy for managers to use.

The finance structure that can work for both subprime loans
and leases can enable dealers to fund the cost of the vehicle, plus a small
mark-up at below market interest rates. 

Since it is a recourse line of credit, any default on the
underlying contract is guaranteed by the dealer and must be paid off within 30
days of the date of default," according to the companies.

LHPH and Advantage Funding believe what's most unique about
this opportunity is the ability for dealers to now fund subprime leases.  They contend most banks in the BHPH space do
not want to be involved in the LHPH market, but Advantage Funding's program
treats leases and loans the same, enabling dealers to partner with a lender
that understands their leasing business.

"The largest single hurdle for dealers looking to enter into
the LHPH space is access to capital," said Terry Bowdler, founder and chief
executive officer of LHPH, which has more than 22 years of leasing experience
and strives to establish and maintain a lease-here, pay-here program that is
affordable, legal and turnkey.

"We have now removed that hurdle for many successful dealers
across the country," Bowdler continued. "And they can expand their operations
with the comfort of knowing that they are doing it in an affordable, consumer
compliant environment supported by the industry experts at LHPH."

Advantage Funding is a subsidiary of Marubeni America Corp.,
the multibillion multinational general Japanese trading company.

"We are excited about joining forces with LHPH and serving
many profitable dealers for the long term," Advantage Funding president Edward Kaye
said.  "This is a market that has been
underserved since the Great Recession and Advantage Funding has devoted
substantial resources to deploy.

"The Advantage Funding LHPH program presents an option for
dealers to receive quick funding, drive positive cash flow and maintain control
of their customers," Kaye went on to say. 

Dealers interested in exploring this program further can
contact George Klinke of LHPH at gklinke@lhph.com
or (619) 516-3903, or Darasue Lyons of Advantage Funding at dlyons@advantagefunding.us or
(516) 833-1722.

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