Streamline Business Operations with these 5 Real-Time DMS Integrations
By Bethany Richardson - April 30, 2024

Dealership operations often involve extensive data transfer between various systems, which can result in redundant data entry. This redundancy not only increases the risk of errors but also inflates operational costs and can lead to significant inefficiencies.  To streamline these processes, many dealerships are turning to real-time DMS integrations that....

Compliance and Strategies for GAP Refunds
By Evan Akins - April 30, 2024

In the BHPH space, ensuring customer satisfaction isn't just about selling vehicles—it's also about providing exceptional service, even when it comes to refunds. Guaranteed Asset Protection (GAP) refunds play a crucial role in maintaining customer trust and loyalty. However, efficiently managing GAP refunds while adhering to regulatory compliance can be....

A Cautionary Tale for When Your Dealer Management System Goes Dark: How ABCoA Deal Pack Ensures Uninterrupted Operations
By Amir Dabiri - April 5, 2024

Introduction In the fast-paced world of automotive dealerships, every minute counts. Imagine arriving at work, ready to tackle the day’s tasks, only to find that your Dealer Management System (DMS) is completely down. Not just for a few minutes or hours, but for days. Panic sets in. How will you manage sales, payments, and....

Is 3 Better than 1 When it Comes to Pulling Credit?
By Trey Latham - March 29, 2024

Pulling credit helps Auto Dealers and Finance Companies assess the level of risk associated with financing a particular customer. It gives the ability to analyze factors such as payment history, outstanding debts, and credit utilization from a credit file.  If you are interested in pulling credit or already pulling credit,....

Understanding the Risks of Deferred Down Payments for Buy Here Pay Here (BHPH) Dealerships
By Evan Akins - March 28, 2024

Buy Here Pay Here (BHPH) dealerships serve a vital role in providing auto financing to individuals with limited credit options. One strategy commonly employed by these dealerships is accepting deferred down payments, allowing customers to delay their initial payment. While this practice can attract customers and facilitate sales, it also....

Navigating the FTC’s New CARS Rule: Actionable Steps for Used Car Dealers
By Evan Akins - February 29, 2024

The newly introduced Consumer Automotive Resource and Safety (CARS) rule by the Federal Trade Commission (FTC) aims to combat scams and deceptive practices in vehicle shopping, particularly within the used car market. It mandates increased transparency and disclosure requirements for automotive dealers, ensuring that consumers have access to comprehensive information....

Streamline Your CPI Collateral Protection Insurance with Deal Pack
By Amir Dabiri - February 29, 2024

In today’s fast-paced world, managing your CPI (Collateral Protection Insurance) needs can be a daunting task. But what if there was a solution that could streamline this process? Enter Deal Pack, a comprehensive tool designed to handle all your CPI needs efficiently and effectively. Instant Communication One of the standout....

6 Things to Consider Before Using GPS Devices
By Trey Latham - January 22, 2024

GPS devices and Starter Interrupt devices are becoming increasingly essential for BHPH and Finance Companies.  These devices are a cost-effective way to protect assets, increase collections, and lower overall loss rates. With active GPS units, sold and unsold vehicles can be located at any time, with pinpoint accuracy.  This is....

The Pros and Cons of Accepting Partial Payments
By Evan Akins - January 22, 2024

In the subprime market, loan collectors often face the difficult decision of whether they should be collecting partial payments from borrowers. On one hand, it can be seen as a way to recover some funds and potentially improve the borrower's financial situation. On the other hand, there are risks and....

Why Rebating Products is Critical for Dealerships and Finance Companies
By Amir Dabiri - December 8, 2023

If you are a dealership or a finance company that sells products such as GAP insurance, service contracts, credit life insurance, or other ancillary products, you may be wondering how to handle the situation when a customer pays off their loan early or trades in their vehicle.  In this blog,....