The Difference Between Capital and Operating Leases
By Anjelica Baker - May 25, 2021

Since used car leasing was invented over 20 years ago, it has been proven to generate more profit than a buy-here-pay-here. This isn’t surprising considering the tax implications that are clearly in favor of leasing. With buy-here-pay-here, the taxes on the entire contract are paid at the end of the....

The Benefits of Lease-Here-Pay-Here
By Desiree Bradsher - April 28, 2021

Lease Here Pay Here – What can it do for your Business? The idea of Lease Here Pay Here is a newer model that traditional Buy Here Pay Here (BHPH) Dealerships are catching onto. There are multiple benefits to taking on a Lease Here Pay Here (LHPH) model but let....

Rising Car Sales and Collections
By Chris McIntyre - April 28, 2021

As car sales are predicted to rise, the increase in delinquencies will, unfortunately, rise as well. Deal Pack Pro has a fully integrated Collections Module that will help reduce and track those delinquencies. The Collections Module is fully integrated with a letter writer that will allow you to customize your....

Insurance Tracking Made Easy
By Ashton Azizi - March 31, 2021

One of the most challenging aspects of a buy-here-pay-here business is guaranteeing your financial interests are protected through your customers’ insurance. It can be a very frustrating and tedious task to keep track of the insurance status for your customers and ensure you are up to date on any insurance....

Electronic Titling Benefits
By Hope Ramirez - March 31, 2021

ELT, electronic lien and title, is a program that is offered in several states in the US which allows for the electronic exchange of lien and title information with lienholders in place of a paper certificate of title.  ELT was developed by the American Association of Motor Vehicle Administrators, which....

Digital Retail Made Possible Through Deal Pack
By Ashton Azizi - February 26, 2021

A common trend across all industries has become to digitize and move everything online. Whether it is food delivery from your favorite restaurant or groceries from your corner market, you can use your phone to order and deliver anything to your doorstep. A similar trend is also starting to creep into the....

Short Term Vehicle Rentals
By Scott Hackett - February 26, 2021

Short Term Vehicle Rentals During the Pandemic, are you looking for other ways of generating income from your inventory?  One option could be to rent these vehicles out on a short term basis. Short term rentals allow you to leverage your current inventory to produce income instead of having these....

Integrated CRM and DMS: Tools for Success
By Bethany Richardson - February 26, 2021

COVID forced car dealerships to evaluate their processes for persisting through and beyond the pandemic.  The big question was, “are our processes flexible and scalable enough to keep up with consumer trends?”  There was a noticeable change in car buying habits and the consumer environment entirely.  As a result, many....

The Ideal LHPH Approach within the Ideal DMS System
By Rachel Jurich - January 11, 2021

Lease Here Pay Here (LHPH) has become the best alternative to buying and selling inventory. In these times, consumers are much more hesitant to commit to a vehicle purchase and if they do, it often results in turmoil for the dealer once bankruptcies are filed and repossessions are processed. The....

DEBT Collections and DMS Systems
By Claire Cruce - January 11, 2021

  With the recent changes made to the Fair Debt Collections Practice Act a DMS system like Deal Pack Pro will help you stay compliant with the new changes. A final rule has been issued by the Consumer Financial Protection Bureau that clarifies prohibitions on harassment, misleading representations, and unfair....