Tired of juggling custom payment plans, collections, and asset security at your Buy-Here Pay-Here dealership? Discover the secret to a well-oiled operation with integrated tools. Learn more in our latest blog: https://bit.ly/3XRLQ8F
GoldStar GPS by Solera’s Post
More Relevant Posts
-
I talk to many BHPH dealerships and having the right solutions to help run your business is vital in making sure that you run a profitable business. We can't just focus on what the solution costs but also how it is going to streamline processes, improve customer satisfaction and reduce risk. Our integrated solutions will provide you all the tools to you need to run a profitable dealership. #BHPH #Solera #Dealersocket #Goldstar #IDMS #deliveringprofitstotheBHPHdealerships
Tired of juggling custom payment plans, collections, and asset security at your Buy-Here Pay-Here dealership? Discover the secret to a well-oiled operation with integrated tools. Learn more in our latest blog: https://bit.ly/3XRLQ8F
Essential Tools for Buy-Here-Pay-Here Dealerships
https://www.solera.com
To view or add a comment, sign in
-
Is the car dealership experience broken? During a recent lease buyout attempt, I encountered multiple handoffs and significant delays, despite clearly stating my intent to buy the car multiple times ahead of my scheduled appointment. It took so long to hand over a cashier's check that at one point, I questioned my failure to pack provisions and wondered, "Do I live here now?" To refine this frustrating experience, a few minor tweaks could have helped immensely. A pre-appointment confirmation of payoff information would have ensured readiness, while a comprehensive checklist to delineate customer responsibilities would have increased transparency. Preference-based preparation of the tax and registration documents and final closing package ahead of the appointment would have expedited processing. Lastly, a dedicated contact to facilitate swift document signing would have minimized delays. Implementing these measures would not only align expectations but also optimize dealership operations, allowing for better client servicing. Have you encountered similar challenges in your car purchasing experiences? Share your thoughts in the comments below. #clientexperience #cx #momentsthatmatter #frictionless #transparency #optimize #efficiencies #refineyourprocess
To view or add a comment, sign in
-
Auto Finance Sales Executive | Lender Operations Strategist | Proven Growth Architect | 15+ Years of Driving Sales Excellence
I’ve been deeply involved in aftermarket product cancellations for the past five years. In 2022/2023, aftermarket cancellations became a hot topic, with nearly every industry event I attended featuring sessions on aftermarket cancellations and issues of timely refunds. The intricacies of ensuring a consumer receives a precise refund involves many moving parts, including dealing with 22,000+ dealers, 10,000+ lenders, 250+ providers, and the lack of a standardized process can be quite overwhelming. Do lenders and dealers handle refunds for all aftermarket product cancellations, or is it primarily for Gap coverage? Is this a practice in all 50 states or just limited to some? Are refunds only applicable in early pay-offs, or do repo and total losses qualify? These questions seem endless. A prominent issue I see, are aftermarket providers prepared to handle the surge in refund requests as lenders expand to all 50 states and process more refunds? Many providers still require a phone call to provide a refund quote, but in today’s digital age, is that truly the most efficient approach? I believe you know the answer. One significant concern raised by many of my lender connections is, “when quoting a pay-off, should we include the refunds from the aftermarket products we are cancelling”? It’s a valid question, and I’m curious about how you’re currently managing this process. This entire procedure reminds me of the complexity surrounding automotive titles. Each state has its own rules, there’s a lack of digital tools, and everyone seems to have a unique way of doing things. This results in a convoluted process for lenders, dealers, and aftermarket providers. The good news is, there are vendors that can simplify this entire process. They offer exact quotes, efficient product cancellations, comprehensive reporting, and proactive dealer follow-ups. Feel free to reach out, and we can explore how your peers are leveraging these tools to streamline the aftermarket product cancellation process. #aftermaketcancellations #loanservicing #compliance
To view or add a comment, sign in
-
This article is written for auto dealerships but is still applicable to any Middle Market business. One thing you need to worry about as you approach exit is the quality of your earnings. What does this mean? It means changes in your earnings (up or down) correspond with the true economic changes in your business. So, if your business is improving, your earnings should be reflecting that by increasing correspondingly. That sounds obvious, but the reality is accounting errors, changes in accounting policies, and poor management estimates can distort the true economics of a business. Additionally, earnings need to be normalized to remove the impact of personal expenses run through the company, non-arms length charges by related parties, as well as executive compensation. One of the other important things examined are the sustainability of revenue. For example, if a company lost a big customer in the last month of the fiscal year, you may not see any impact in the revenues and earnings and might be tempted to overpay as a buyer. A Q of E would take this reduction into account and highlight it. Traditionally, Q of Es have been paid for by buyers. As a seller, I would highly recommend a sell-side Q of E. The purpose of such a document is to highlight potential red flags that might arise on a buy-side Q of E. This gives the time for management to provide additional context to buyers and maybe even clean up mistakes. Remember, transparency is key when selling a business. Transparency builds trust, which in turn produces higher multiples. https://lnkd.in/gEaf_msS
How a Quality of Earnings Analysis Benefits Auto Dealership Buyers
https://mercercapital.com
To view or add a comment, sign in
-
In the ever-evolving world of car sales, staying ahead isn't just about the latest models on the showroom floor – it's also about how seamlessly you can close the deal. At Dealer Genie, we understand this more than anyone else. That's why we're committed to providing cutting-edge payment solutions tailored specifically for car dealerships. But what's changing in the car dealership landscape, and how can Dealer Genie make a difference? Here's the scoop: Simplified Transactions: In a fast-paced industry, efficiency is key. Our solutions streamline the payment process, ensuring a smooth and hassle-free experience for both dealers and customers. Innovative Technology: We stay ahead of the curve, embracing the latest in payment technology to keep your dealership at the forefront of innovation. Secure Processing: Trust and security are non-negotiable. Our systems ensure every transaction is safe, giving peace of mind to your customers and you. Wondering how this can transform your dealership's payment process? Check out our website and schedule a demo to see Dealer Genie in action. Discover how we can lift your dealership's payment experience to magical heights! Visit Our Website: https://lnkd.in/eyy5wgmm Schedule a Demo: https://lnkd.in/emJ_fmSW
Automotive
https://greenpayments.io
To view or add a comment, sign in
-
How do you get more out of your F&I team? If you run an auto dealership, start with the fact that paperwork/admin consumes most of their time. Aren't they there to sell? So why slow them down? That's not smart. Some finance sales require up to 35 different forms/paperwork/e-forms to be completed by your F&I manager. Why don't you help them by giving them the tools to spend more time selling instead of spending more time in paperwork? Our Ri-gnr8 platform connects live to your DMS and can reduce the time your F&I need per customer by 30%. Imagine what they could do with 30% more time?? Get more from your team by providing the tools for them to sell more. Visit www.op2ma.com/one for more info or message Ann Marie Cawkwell or Tim McGrath #autofinance #autodealers #financeandinsurance
To view or add a comment, sign in
-
Tired of drowning in paperwork at your auto dealership? 📑 Discover how floorplan #financing can help you reclaim your time in our latest blog: https://lnkd.in/eyU_byx8
3 Ways an Auto Dealer Floorplan Saves You Time
https://www.autofinance.com
To view or add a comment, sign in
-
Do you own a blue collar business that is generating 7 figures? I can help you scale by getting you access to capital that doesn't require your personal credit. Ask me how
Why aren't you guys setting up commercial accounts with the dealerships you buy your vehicles from? I get that it might mean a bit more work for the dealership initially, but once you're in as a commercial account with the big manufacturers, the whole process becomes super smooth when you're getting vehicles for your business. You'll know upfront how much you're approved for, your terms, and interest rates. Plus, they won't even touch your personal credit unless you're buying the vehicle for personal use. Sometimes, it's just a matter of questioning why you're doing things a certain way and starting to ask some questions. Here are a few examples you could use the next time you're at the dealership: 1.Why do I have to use my personal credit for this purchase? 2.Can we set my business up as a commercial account? I'd prefer to handle everything through it. 3.Do you have a commercial program that doesn't require tapping into my personal credit?
To view or add a comment, sign in
-
Good news: The car-buying process is getting easier and more fruitful, according to two studies by J.D. Power and CDK Global. Bad news: The study found weaknesses in the financial aspects of buying a car – from negotiating the price to the financing process. “If there are steps to address the trade-in process specifically, that would make a significant impact on the overall experience.” #dealerships #fandi #autofinance
Vehicle-Buying Experience Improves
autodealertodaymagazine.com
To view or add a comment, sign in
208 followers