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 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.
Advanced Business Computers of America (ABCoA) develops and supports end-to-end software solutions for the subprime finance industry. Since 1983, we have helped automotive dealerships and finance companies eliminate duplication, remain compliant, and achieve success with dependable, all-in-one software and white glove service and support.
Deal Pack is a complete, all-in-one software ecosystem customizable to your exact needs and scalable to your exact size - helping improve your operations, grow your business, and solve the challenges you face. Whether you are a finance or sales company, multi-entity or publicly traded company handling BHPH or LHPH, operating or capital leases, internal or external floor-planning, retail, rentals, consumer loans, origination, or seasoned paper, Deal Pack is the dependable software for mission critical operations.
Deal Pack handles all of your business needs transparently – providing you measurable improvements and complete financial control, saving you time, increasing your bottom line, and allowing you the freedom to focus on your daily operations. Deal Pack is relied upon by thousands of customers across all 50 states in the United States and six countries around the world. Customers properly using Deal Pack have never lost an IRS audit.
To learn more about ABCoA, visit www.abcoa.com.Request a Demo