Join us for this special milestone episode as Jeff and Luke celebrate 400 episodes of The Independent Dealer Podcast! After 7 years and never missing a week, they reflect on the biggest lessons learned, what they got wrong, and what's ahead for independent dealers.What You'll Learn:-The biggest lesson: There are countless ways to succeed in the car business - not just one "right way"-What they got wrong: Luke's "transitory" Covid pricing call and the Carvana stock prediction-Why the "golden age" of buy here pay here from 2010 may never return-How leverage and interest costs are taking down successful dealers-The hybrid dealership model: Mixing BHPH with subprime and prime financing-Why building with your own capital is more critical than ever👇 Don't forget to like, comment, and subscribe for more strategies from industry experts!Thank you for listening. We hope you learned something new. Let us know what you think.Leave us a review www.theindependentdealer.com info@independentdealer.comSupport the businesses that support the podcast:Blytzpay for your credit card processing and text communications. Tell them IDP sent you to get 3 free months!http://www.blytzpay.comBuckeye Risk Services for all your education and reinsurance needshttp://www.buckeyerisk.comTaxmax for flexibility with your tax returns. Use the code "Podcast2024" for 40% off sign up!http://www.taxmax.comIgnite Consulting Partners are there to identify problems, create solutions, and help your business thrive!http://www.ignitecp.comPlease subscribe, leave us a review, and share with a friend.Connect with us online:/ independentautogroup/ jlukegodwin/ sendtojeffwListen to all our episodes on Anchor:https://anchor.fm/theindependentdealer