Forms are installed into your Deal Pack application upon completion of programming. At that point we request you test them thoroughly for placement and accuracy and verify they meet your expectations. It's important to consider all variables and scenarios when testing. As example, are fees that were entered on....
Recently I was asked from numerous customers how they should handle payoffs that are more than the current payoff. Typically I tell customers that they can split the payment up into 2, one being the payoff and then applying the rest to some other liability account. However we also have....
We all know that a retail installment contract for a purchase has a principal balance, and finance charges calculated based on the annual percentage rate or APR. There is a significant difference, however, between retail deals and lease deals. There is no traditional ‘APR’ when it comes to leases. But....
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....