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September 20th-22nd, 2010
Caesars Palace
Las Vegas, NV
Leedom Group 16th Annual Buy Here Pay Here National Convention
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September 15th-16th, 2010
Sarasota, FL
Buy Here - Pay Here Training School
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October 20th, 2010
Atlanta, GA
Buy Here - Pay Here Managers Boot Camp
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October 21st, 2010
Atlanta, GA
Buy Here - Pay Here Collections Boot Camp
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August 13th, 2010
Cars.com FREE DealerADvantage LIVE Webinar
Online Webinar 12 noon EDT
Trust Makes the Sale
Special Events
Buy Here - Pay Here Events
Cars.com Events
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Twenty Group Moderator/Consultant - Retail
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Twenty Group Moderator/Consultant - Buy Here-Pay Here
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Training Leader/Consultant
Leedom Management Group, LLC Available Positions
Editor Blog
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Tue Jun 22nd, 2010 11:21AM
Paul Claborn, owner of Wholesalecars.com and EZ Terms Auto Sales in Albertville, Ala., has been named the 2010 NIADA Quality Dealer of the Year. Mr. Claborn has been a Leedom Twenty Group member since 2003. The entire Leedom Group team offers its most heartfelt congratulations. Well done! Look for a full article in the July issue of DBJ!
Top Rated Articles
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The Truth About Reposessions
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The Special Finance Marketplace Is Changing Before Our Eyes
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Open Letter to America from a Chrysler Dealer - Featured
Industry Releases - June 2009 - page 32
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The Secret to Buy Here-Pay Here Success!
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A Wake-Up Call to Whiners!! - Featured
Dave Anderson - March 2009 - page 14
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Franchise and Buy Here-Pay Here: Franchise Dealers Like the Results - Featured
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Is Buy Here-Pay Here The Right Fit for You? - Featured
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Advice on Securing Capital from CAR Financial
Buy here-pay here financing is perceived as one of the most risky investments by major banks and rediscount lending institutions. There is a perception in the marketplace that by avoiding the direct-dealer component of this industry, that a lender is somehow insulated from the reputation risk that is commonly associated with the used car sales process. Combine this with the recent turmoil in the capital lending markets, and it is no surprise that dealers and smaller finance companies alike are having issues with finding capital to manage their operations and support growth. Dealers who are fortunate enough to find capital are seeing lower advance rates, higher audit fees, custodian requirements, etc.
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CalAmp Systems Improve Profits, Reduce Risks
With today’s economy stretching consumers to the default point, BHPH dealers and auto finance companies need better ways to protect their investments. One method that has proven effective in reducing delinquencies and the costs for loan collection and asset recovery combines automated payment reminders, around-the-clock GPS satellite tracking, starter-disable, and Internet monitoring/control of assets.
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Dealers Struggle to Locate Capital, Inventory
All indications are that 2010 should be a solid year for those in the BHPH industry. That does not mean there won’t be challenges ahead for those dealers. The main challenges dealers need to overcome are maintaining adequate inventory and a solid source of capital.
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Funny Is Always Fun, Make Your Ads Stand Out
If you look in today’s newspapers or turn on the radio or TV, most of the advertising in the automotive market looks the same. Most of the ads scream at you to BUY NOW with some kind of BILLY MAYS, CLEARANCE, LIQUIDATION, MIDNIGHT MADNESS SALE, INVENTORY BLOWOUT, SUPERSALE, or some other type of high-pressure, fast-talking, blow-out-your-eardrums MEGASALE. The ads blend and they don’t drive traffic like they used to. The consumer tunes those “screamer” ads out like a nagging in-law.
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Online Payment System a Requirement, Not a Luxury
Imagine walking to your office every morning, turning on your computer and noticing that money has been flowing into your dealership during the night. Are you smiling? Hold that thought ...
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Passtime Offers Security Protection Advice
PassTime believes ONE of the most important things we do is protect our customer’s data.
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Premier Performance Offers Net Profit Improvement
Dealers contact us for several reasons; some are making money, but want to improve overall profitability. Others are losing money and realize that they and their management team need a game plan.
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Security Auto Loans: Subprime Lending and Much More
Everyday customers walk out of auto dealerships without purchasing a vehicle. Why? Because most dealerships lack the ability to help customers who have seriously negative credit.
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