
“50 More Cars a Month” - Why Every Franchise Dealer Needs a Subprime Department | Luke Godwin, Owner Godwin Motors
Could your dealership be missing out on 50 additional car sales every month? Luke Godwin, a third-generation car dealer, founder of Godwin Consulting Group, and co-host of the Independent Dealer Podcast, believes many franchise dealers are overlooking an opportunity sitting right inside their existing operations. Luke has managed a buy here, pay here business with over 900 customer accounts. And he's convinced that some of the customers franchise dealers turn away because of financing challenges could represent an entirely new source of business. Think about it. Your dealership spends money attracting customers, works to get them approved, and sometimes loses the sale when traditional financing falls through. What if you had another way to serve those buyers? Michael Cirillo sits down with Luke to unpack why franchise dealers should consider a separate buy here, pay here operation, what it takes to make one profitable, and the expensive mistakes that can come with getting it wrong. The takeaway: Before spending more money trying to bring new customers through your doors, take a closer look at the opportunities your dealership might already be letting walk away. Connect with Luke Godwin: https://godwinconsultinggroup.com Find him on LinkedIn and Facebook, or listen to the Independent Dealer Podcast. Timestamps (00:00) Who Can Run BHPH (01:00) Show Support Plug (03:39) Why Franchise Add BHPH (06:58) Hiring The Right GM (08:22) Three Gen Origin Story (12:26) Hunker Down Strategy (15:05) Community Marketing (19:30) Collections And Repos (21:59) Empathy Without Abuse (23:45) Early Mistakes Fixes (25:01) Ancillaries Reinsurance (26:13) Consulting And Wrap Up (26:46) Final Outro



