Interest is the price paid for the use of borrowed money – a fee paid to a lender by a borrower. The two most common types of interest calculation methods used in the Buy Here Pay Here industry today is Simple Interest and Add On Interest (Rule of 78's).  ....

Annually, about 9 million Americans have their identity stolen. These victims are subject to bank accounts being drained, damaged credit, or potentially having an arrest warrant on them because someone robbed a store with their identity. As much damage as identity theft does to Americans every year, the same is....

Attention Buy Here Pay Here Dealers: The business model has changed! Yes, you can still extend financing to sub-prime borrowers, but the days of you waiting until Friday afternoon to cash their payroll check and deduct their payment is becoming more and more archaic. To stay current with your customer....

Every dealer is in business for one reason and one reason only - TO MAKE MONEY. In order to make money you need customers, and in today’s market your customers have more options than ever. Successful dealers know that the key to being profitable is maximizing their conversion ratio, to....

At some point or another, many BHPH Dealers will commonly consider selling their Retail Installment Contracts to a Finance Company. Whether it is to generate some short term cash, trying to get away from BHPH, or maybe you just think you can get a good deal. Although the number of....

In the Buy Here Pay Here (BHPH) industry, the typical customer walking through your door is coming to you for a reason: They can’t get the financing they need to get a vehicle anywhere else. Selling the vehicle to the customer and managing the receivables yourself is a sure way....

A starter interrupt device would probably be best defined as technology designed to protect collateral. It’s also recognized as a payment collection system most commonly used by Buy Here Pay Here automobile dealers and sub-prime lenders.   The success of a Buy Here Pay Here dealer is primarily based on....

Have you ever lost your phone? It’s the worse feeling in the world! It happened to me a few months ago; I was literally in a glass case of emotion for two weeks. I lost everything: Numbers, photos, all of my apps, and important notes. I never once used iTunes....

Not a sales business? Every car business is about sales! True, you wouldn’t be around if you weren’t selling vehicles off the lot. However, sales is the easy part for the Buy Here Pay Here folks. The guys and gals involved in the BHPH industry are selling to customers who....

At its core, there is nothing that is more frustrating than a software solution that doesn’t solve anything. A problematic DMS can lead to a variety of things detracting from the ultimate goal in business – making money. These can include downtime, lost productivity, unhappy customers and aggravated employees which....