LH Business Model Ideas

I understand there is a deep sentimental connection to owning something that you have built through hard work, but I am right in my thinking.

What are you suggesting? I am not following.

That this is ANOTHER indicator that you’ve built this as big as you can.

There is backlash. Dealers actively hate LH right now. Sell your asset before it depreciates too much.

Devil’s advocate, why does dealers hating LH’er increase depreciation of the asset?

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Because this is a sport (or at least a hobby and pastime) and sport has to be at least partially fun.

This is not fun:

There have always been dealers hating on LH. Their main gripe is that it is educating consumers, or at least making it dangerous enough where the consumer thinks; it is in a dealer’s best financial interest for the average customer to be dumb.

I frankly don’t care if any said dealer hates us for that reason. That simply means we are winning the good fight.

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There is no “good fight.” Hacking leases is not a noble pursuit. It’s a sport.

Another “time to sell indicator” is being high on your own supply.

Look I could be wrong, it’s happened before and will happen again, but I don’t think I am on this!

Also: this is highly complimentary to @michael and @littleviolette. This is not a bad or negative idea! I feel like it’s being misconstrued.

I think the EQS frenzy will pass and all the lurkers will be gone. Perhaps there will be another frenzy but maybe a different manufacturer. If anything, does puts LH on the map. Glass half full, is that maybe another company sees potential in LH and may make offer. $$$

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Just like dealers’ lobby killed TrueCar

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In many situations, it absolutely is. Not everyone here is a trophy hunter.

But there are also instances where people are saved from being raked over the coals on a deal, or general financial advice is given. A few paragraphs on here can make quite a difference in a person’s life.

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Definitely agree and there have been some really poignant, if sporadic, nice moments.

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My first lease was a dumpster fire. After that one I started reading this forum, back in like 2018 and it has saved me many many thousands since then, no need for trophies I just want my daily drivers to be affordable.

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Any dealers want to jump in on this discussion? Any of ya’ll hunting us like sport too? A trophy of sorts perhaps?

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I am a big advocate for consumer education and LH does provide a valuable service to consumers. But that is not the issue why dealers ‘hate’ on LH. There needs to be a healthy balance between consumers and dealers. On one side of the spectrum, you have dealers that take full advantage of consumers and on the other side are LH deals. AutoNinjas kindly pointed out that there are a limited number of these deals in the market.

Marketing ‘Signed’ deals, especially unicorns, amplifies expectations and extends its reach to more bargain hunters. Setting an expectation that these deals are abundant in nature, distorting the market and creating a ‘crisis’. This…is not consumer education.

It only fuels anti-LH sentiment amongst dealers.

I’d like to disclose that I am not referring to the LH users that are well-versed in hacking a deal. This is mainly for the entitled bargain shopper that utilizes customer service to get his/her way. And they are abundant in number. Giving them ammunition is a detriment to all parties.

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The eqs frenzy had to boost views here. No such thing as bad publicity. Leasehackr was also posted on some tiktoks and tweets. The more amazing deals that pop up in a bad economy the more this place will grow. Remember all our great deals 3/4 years ago were when the economy was pretty hot still. Value shoppers will be doing more research as their dollars don’t go as far.

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Size or number? :wink:

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Probably both tbh.

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Brokers pay flat fees to do business here, regardless of how much income they generate. I’ve always wondered why LH doesn’t generate transactional revenue to get a small fee tacked onto each brokered deal. The site would establish itself as an escrow service for the broker’s fees and retain that portion of it as the transactional cost once a deal is completed. Hard rules would need to be established and each broker and customer would need to sign a binding contract.

This would be a major project to build out and maintain and could get messy considering the riff-raff we occasionally see here. Revenue will scale nicely in the coming decade when lease volume increases again.

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I disagree… Dealers hating LH makes it more valuable.

There are even dealers on here embracing the idea of being transparent rather than playing the sales game.

There is still a large portion of the population that does not understand the pros/cons of leasing… And in times when leasing isn’t as good… Hackrs who help people find good CU rates.

I don’t think LH has peaked. As we get out of this 2-3 year oddity… LH will be the site everyone needs. :slight_smile:

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Just had an East Coast dealer tell me today straight up that I was lying about MF, RV, MSDs and the “invoice” on the car.