In the dynamic world of Buy Here Pay Here (BHPH) dealerships, staying ahead of industry trends and maintaining a competitive edge is crucial. One of the most effective ways to achieve this is by attending BHPH conventions and conferences throughout the year. Here are some key benefits that BHPH dealers....
🚨 Ohio Sales Tax Changes – Effective April 1, 2025 Ohio has announced county-level sales and use tax rate changes that go into effect on April 1, 2025. These sales tax regulatory updates directly impact motor vehicle dealers in the following counties: 🔹 Delaware County COTA District (96): Increasing from....
Independent used car dealers are facing a challenging market with rising inventory costs, making it crucial to find ways to maintain profitability. While price fluctuations at the auction are out of your control, using Deal Pack, a premium top rated automotive dealership management software, effectively can help you optimize operations,....
In today’s regulatory environment, dealerships must navigate complex compliance requirements to avoid penalties from the Consumer Financial Protection Bureau (CFPB). Deal Pack DMS software offers robust features and safeguards to help dealerships stay compliant, particularly in areas like GAP refunds, payment misapplication, and illegal repossessions. Here’s how Deal Pack ensures....
With the recent signing of a new bill that changes the taxation of lease transactions starting in 2025, Buy-Here-Pay-Here (BHPH) car dealers in Illinois have a unique opportunity to transition into Lease-Here-Pay-Here (LHPH). This shift can bring several significant benefits for both dealers and customers. Read more below to learn....
As tax season approaches, car dealerships face the daunting task of organizing financial records, preparing tax documents, and ensuring compliance with ever-changing regulations. Tax compliant software solutions, Dealer Management System (DMS) software, for auto dealers can be a game-changer in simplifying these processes. Here’s how DMS software can help your....
For buy here pay here (BHPH) dealerships, which cater to customers with less-than-perfect credit, aligning with a 20 group can be a game-changer. A 20 group is a peer-based support network where dealership owners or managers come together to share insights, strategies, and best practices. Here’s how joining a 20....
The Buy Here Pay Here (BHPH) business model offers valuable opportunities to serve customers with limited credit options. However, one common challenge faced by BHPH dealerships is a higher rate of loan defaults compared to traditional lenders. Dealing with delinquent payments and implementing effective collections strategies can be complex and....
In the Buy Here Pay Here (BHPH) industry, adhering to legal standards is paramount, especially when it comes to repossessions. The Consumer Financial Protection Bureau (CFPB) has outlined specific guidelines to prevent unfair, deceptive, or abusive acts or practices (UDAAPs) in repossessions. The best software for BHPH LHPH used car....
In today’s fast-paced automotive finance industry, staying on top of customer disputes is more important than ever. With the rise of third-party companies helping consumers escape their car loans, it’s crucial for dealers and finance companies to understand the importance of responding to disputes that come through e-OSCAR. Why Responding....