George T. Klinke
  • Male
  • San Diego, CA
  • United States
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George T. Klinke's Discussions

Lessor Liability up to State Minimums

Started Oct 8, 2009 0 Replies

I am trying to determine if in any states the Lessor has liability up to the state minimums for financial responsibility if the Lessee lets their insurance lapse. Has anyone doing LHPH out there ever…Continue


George T. Klinke's Page

Profile Information

Director, Business Development
Dealership, Allied Industry or Finance Company?
Allied Industry
If Dealership, Franchise or Independent
Not Applicable
Your web site
Biography/Work Summary
Over 30 years in the auto finance industry. GE Capital, Ford Motor Credit, Household Auto Finance, First American Corp., Integris Financial and currently LHPH.

George T. Klinke's Blog

The Cash Flow Challenge

Posted on December 22, 2009 at 6:05pm 0 Comments

Cash flow and capital are what drive the profits of the dealers who properly control their BHPH business model. However, sufficient amounts of both are hard to come by in the current economic environment. Increasing average ACV is constantly devouring capital. According to NABD, “in 2008, the average cash in deal exceeded $5,000 for the first time in the last 10 years, according to industry benchmarks.” With more dollars going out for higher ACV vehicles and with down payments remaining static,… Continue

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At 9:28am on December 1, 2009, Gene Daughtry @ said…
George thanks for joining our group. I have found there to be alot of talented people on this site. I will learn something from everyone I'm sure. If I can do something for you let me know.

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