Lease Here Pay Here (LHPH), Explained

Lease here pay here (LHPH) is a model in which the dealer leases a vehicle to the customer and keeps the title until the lease term ends, collecting payments in-house.

How LHPH works

Instead of selling and financing the car, the dealer leases it. The customer makes payments and the dealer retains ownership until the term is complete, at which point the customer may have an option to buy.

LHPH vs BHPH

The key difference is ownership: in buy here pay here the dealer finances a sale, while in LHPH the dealer keeps the title. Retaining ownership can simplify protecting and recovering the vehicle. See LHPH GPS tracking.

Frequently asked questions

What does LHPH stand for?

Lease here pay here — the dealer leases the vehicle and collects payments in-house.

How is LHPH different from BHPH?

In LHPH the dealer keeps the title and leases the car; in BHPH the dealer sells and finances it.

Who owns the vehicle in LHPH?

The dealer retains the title until the lease term ends.