For our Dealers in Michigan, in case you were unaware you are required by the Public Acts of 1921; Sec 14 Act 46 to have a bound volume or electronic record containing a complete bought and sold record for each vehicle handled by a dealer. When a dealer purchases....
A common Deal Pack support question that I receive is, “What can I do to bring a customer’s account current?” The client's reaction to the ease and efficiency of this process always brings a smile to my face. Deal Pack provides a Deferment button at the Payment screen. It’s....
I often get asked the question "When pulling credit through your DMS, do you include the Risk Based Pricing Notice?". This is a great question to ask since it affects all Buy Here Pay Here dealers thinking of extending credit to an applicant based on a credit report. Before January....
This question comes up quite often especially from new start up dealers. Each state usually has their own dealer association that can provide forms for your type of business. It is always best to get with them to be safe. If you cannot find your dealer associations you can visit....
Given the industry, it’s a fact that not everyone is going to pay you on time. In fact, the lion’s share of your business and your financial health depends on skilled collectors being able to collect on your accounts. Their success is largely based on successfully contacting the customer and....
Deal Pack's dealer management system provides an excellent solution for tracking titles on your inventory before and after the sale. A title number and title state field is conveniently located at the Inventory screen providing ease of entry at the time vehicles are purchased for stock. These fields are also....
Formerly known as the Soldier’s and Sailor’s Civil Relief Act, the Service Member’s Civil Relief Act (H.R. 100) was signed into law in its current version by President Bush in 2003. This law is meant to protect service men and women due to a potential change in financial status upon....
Business Tax is levied for the freedom of carrying out daily business activities within any county and/or incorporated municipality. All counties in Tennessee with the exception of Clay, Claiborne, and Morgan counties, and many cities have passed local business tax regulations that require businesses to be licensed and taxes paid.....
You determine the splitting of the profits between immediate recognition and taxation of your profits by keeping them on the sales side, or delayed recognition and (potentially) taxation by discounting the receivable when you sell it to your Related Finance Company. The “Split” or discount percentage that you choose is....
I was recently asked this question, and I wasn’t sure how to respond, so I decided to do a little research into the topic. Here’s what I’ve found: while many states do not specifically require the disclosure of GPS units on used vehicles, BHPH dealers who do not disclose them....
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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