One new feature we added to our robust Collections Module is Two-Way SMS Texting. Two-way texting will be a very powerful tool to add for your collectors. There are a few reasons why you need to add texting to your collections process. Firstly, texting has become the number one way....
Are you prepared when a regulator shows up to conduct an audit? You may want to think twice about where you put all your documents. Putting all those files into a file cabinet can end with a disorganized, cluttered and hard to navigate mess. When a regulator shows up, you....
Car loans have topped $1 Trillion for the first time in history. With loans being over extended and an increase in sales, some analysts are warning of an auto loan bubble. Analysts comparing it to the subprime housing loans that caused the mortgage crisis have noted one marked difference, the....
Whether you’ve measured unit sales, revenue, operating efficiency, or profit; whether focused on retail or wholesale; whether interested in new or used, it was another good year for the automotive industry. According to recent reports, new unit sales in 2015 were up 68 percent from 2009’s total, auto loans outstanding....
Many used car dealers are operating in the Buy Here - Pay Here (BHPH) market currently, but many are missing a great opportunity with Lease Here - Pay Here (LHPH). Here are six reasons why you may want to consider adding LHPH to your business: 1) LHPH allows the....
What are your dealership’s Red Flag and Compliance policies? Having a clearly defined policy in regards to compliance laws not only protects your customer’s sensitive information, but it also protects your dealership. One way that Deal Pack Pro assists you in staying compliant is by running an OFAC (Office of....
Auto theft! We all think that it can't happen to us, but the reality couldn't be further from the truth. According to a recent study done by the FBI, auto theft is on the rise, leaving auto dealerships increasingly vulnerable. Nearly 41% of stolen vehicles are not returned according to....
Vehicles that have been damaged enough where the costs to repair are more than the actual cash value of the vehicle may have a salvage title. The exact criteria for a vehicle to hold a salvage title varies across states. However, the idea is the same. The title is marked....
This is probably a question that circles dealerships every so often: is there another way to offer better service to customers and help the bottom line? It’s a simple question with a simple answer, “Yes” according to some experts. A few good reasons for a service department in today’s market,....
A holdback is used by banks or finance companies that choose to hold back a certain amount when paying a sales company for taking the ownership of an installment car loan. The holdback amount reduces the proceed amount owed to the dealership selling the loan . Holdbacks are sometimes based....
ABCoA is a Software-as-a-Service company dedicated to the subprime industry. Our cloud-native ecosystem handles every part of business operations - improving productivity, security and accuracy, while consolidating vendors and reducing costs.
Since 1983, ABCoA has helped buy here pay here used car dealerships and subprime finance companies eliminate duplication, remain compliant, and achieve success with complete, customer-driven software and dependable support. Customers properly using Deal Pack have never lost an IRS audit.
Recently awarded Top Online Accounting Software for Deal Pack, ABCoA continuously elevates the standard for software in the subprime industry and helps customers grow through our commitment to quality, innovation, and service. Headquartered in Jacksonville, Florida with employees across four states, we remain family-owned and operated.
To learn more about ABCoA, visit www.abcoa.com.
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