By Amir Dabiri - 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 units sit on the lot. With short term rentals, you’re able to define a specific period over which your unit will depreciate as well as define the fees charged at either a weekly or even daily rate.
Some further benefits of renting out your inventory:
Short term rentals are set up very similarly to Leases, allowing you to depreciate the inventory and earn just the fees without keeping a receivable on the books. To learn more about how Short Term Rentals work inside of DealPack Pro, please reach out to Support at either Support@abcoa.com or 1-800-526-5832.
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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