Regardless of how many cars you sell or the complexity of your operations, to run a successful business you must have in place internal controls to protect your assets and profits from theft and fraud. What would be the point of creating a business if you leave it open for....
As a finance company, you may be wondering how you can earn cash without having to deal with the risk of taking on the entire loan. One way to do this is to service the loan for an originator. Servicing a loan means taking on the task of collecting the....
With the ever changing rules and regulations in the automotive industry, it may be difficult at times to keep up with the storage of credit applications. We have been asked many times how long credit applications are to be stored. I have done my research and it comes to no....
Keeping track of your buy here pay here dealership transactions is key to running a successful dealership. Deal Pack allows you stay on top of things with the variety of reports it allows you to run. Along with running financial reports, you have the opportunity to run reports to keep....
Are you currently signed up for Deal Pack credit card processing? Deal Pack now allows you to setup Future One Time Credit card payments. So, what does this mean for you? Let's say you are calling a customer and he says he can make a one time PTP (Promise....
That's an excellent question, and the answer is yes. There is a very distinct difference between the two terms. A repossession implies that the vehicle has been recovered or returned to the financier. In this scenario, the vehicle is appraised and given an ACV or Actual Cash Value. The customer's....
Your dealership’s business is picking up, and it’s time to start looking outside of your normal financial institutions for financing of your potential customer. Look no further, because your answer is here! Dealertrack, among other things, is a web-based software solution, with a specialty in credit application processing, that dealerships....
GA dealers I am sure you are aware by now that the tax rate is no longer based on the sales price of the vehicle. As of March 1st 2013, all taxes on vehicles will be based on a fair market value. Have no fear, Dealpack Customers! We have already....
ACV is the abbreviation for Actual Cash Value. This term refers to the wholesale value assigned to a vehicle at trade-in, repossession or purchase. An ACV is a vehicle appraisal based on valuation guides and adjusted to accommodate necessary reconditioning costs. There tends to be confusion at times whether the....
As a BHPH dealer, you’re aware that when customers come to you with low credit ratings, reporting their accounts to the three main credit reporting bureaus is an important thing you can do to assist them with building a stronger credit rating. You may have questions when getting started, such....
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.
Request a Demo