Along with Deal Pack’s standard features, there are several items we offer that some of our customers don’t know about. Below is a list of a few of these items and how they can benefit you and your company. Bar Code Scanner- This integration allows you to take payments....
ABCoA reveals redesign of iconic logo reflecting company's prestige, innovation, and strength JACKSONVILLE, Fla., Dec. 11, 2013 -- Today, Advanced Business Computers of America, Inc. (ABCoA) announced the official redesign of its widely recognized and trusted logo. The redesign coincides with the company's 30thanniversary and captures ABCoA's prestige, innovation,....
With today’s world and the economy, it’s important for dealers to know where their cars are at any given time. I cannot stress enough the importance of a GPS device. With all the companies out there providing devices, the cost of a GPS device ranges from $79 to $189. That is....
On occasion, a customer may ask why the interest collected on the payment they just made was so high. They point out that the payment was paid in full and made on time as scheduled on their simple interest retail installment contract. This is a common question asked typically....
Having a Related Finance Company (RFC) on your Buy Here Pay Here business can provide many advantages. As primarily financial institutions, they also have to adhere to unique requirements that car dealers don’t have. One of these requirements is filling 1099-C (cancellation of debt) for each debtor you whom you....
What exactly are prepaid finance charges? Also known as closing costs, these are charges that are added on to a loan but are not included as part of the principal balance of the amount that is being borrowed. These charges can include a variety of items including, but not limited....
Many dealers ask if Deal Pack Pro is a .NET application. While over 40% of the Deal Pack Pro solution is a .NET (pronounced "dot net") application, the characteristic dealers are asking about is if the application is accessible over the Internet. Terms such as "cloud computing" or ".NET" are used by many....
Just recently I brought on board a few California customers, and even though this law started at the beginning of the year these dealers had no clue of these laws that took effect as of January 1st 2013. “Buy-Here-Pay-Here” Car Dealers. Two new laws are directed at used car....
The VIN, which is short for vehicle identification number, is comprised of alpha numeric sequences which disclose an abundance of information about your automobile. There are 17 characters in a VIN which are divided into three groups: Group 1: World Manufacturer Identifiers The first three letters and numbers....
In today’s market, with lengthening contract terms, down payments getting smaller and the cost of vehicles remaining steady, the collections process is becoming a larger issue within BHPH dealerships and finance companies. In addition to these factors, regulators are scrutinizing collections practices more closely. The collections process begins at the....