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This Month's Focus

Turbocharged Finance
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Pete MacInnis for web eLEND Solutions survey to gather information going into Used Car Week
Pete MacInnis, eLEND Solutions CEO and founder, is doing plenty of homework before his appearance at Used Car Week, which begins on Nov. 16 in San Diego. MacInnis is generating real-world data for his presentation titled, “Can Machine Learning Fix ... Read More
3 primary capabilities of PayNearMe’s AI Servicing and Collections Agent
Almost a month ago, PayNearMe acquired the technology assets and hired the key employees of Marr Labs in a move described as one that will “help shape the future of payments.” The next development in that future involving artificial intelligence ... Read More
Fueled by more than $100M in strategic financing, MCO names new president
MyComplianceOffice (MCO) appointed John Schobel as president on Tuesday, as the provider of compliance management software for the financial services industry looks to continue its growth trajectory following the securing of more than $100 million in financing. MCO now serves ... Read More
Jeremy Louisos of Preowned Auto Logistics Returns to Show
Our “PAL” Jeremy Louisos of Preowned Auto Logistics is back on the show for a wide-ranging conversation about his work on remarketing industry committees and conferences, top issues and hot topics in auto transport and much more. The interview is ... Listen Here
SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here

Ask the Hall of Famer: Underwriting and Poor Employees

Award
BHPH Report Staff
Q: What are three things you should accomplish before the end of the year? Julian says… I am going to give you a different approach: What’s one of the things that you need to do every three years? Think about ... [Read More]

Benefits of Structuring Loans with Irregular Payments

sales agreement 1
Mike Downey and Chip Wiley
A common problem for many dealers is consumers not having enough money to put down on a vehicle.  This situation usually results in one of three ways: you accept less, you defer the down payment, or you don’t sell the ... [Read More]

Daughtry: 5 Thoughts as 2014 Quickly Winds Down

cars on road today
Gene Daughtry, PLS Financial
Here we are — the holidays are upon us.  As usual, the IRS is warning of a delay in tax refunds. Everyone is stocking up on inventory, hoping for a grand tax season. Customers are not making preparations to deal ... [Read More]

Atcheson: Consider This Marketing Idea to Prepare for a Big 2015

eight track cassette
Kenny Atcheson, Dealer Profit Pros
While speaking to a group of business owners at an event, I asked the audience if anyone had an eight-track tape player. One person raised his hand.  (If you are too young to know what an eight-track tape is, substitute ... [Read More]

Price: How to Keep Skip-Tracing Skills Sharp in Today’s World

investigation stock pic
Alex Price, MasterFiles
Since my retirement from active skip-tracing eight years ago, I now have the opportunity to sit back and observe the industry closely. Since I’ve taken on a teaching and training role, reaching a new generation of skip-tracers with MasterFiles, I ... [Read More]

Hackett: Will Buy-Here, Pay-Here Fall Like Rome?

regulation and compliance puzzle
Rick Hackett, Hudson Cook
"Hard cases make bad law" is a maxim attributed to Oliver Wendell Holmes, an associate justice and acting chief justice of the U.S. Supreme Court at the turn of the last century. The maxim suggests that cases with extreme facts ... [Read More]

7 Questions Dealers Should Ask Capital Providers

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Nick Zulovich, Editor
When Advantage Funding co-founder Ed Kaye makes a presentation to buy-here, pay-here dealers, he often begins with a list of seven questions for them to consider. Before going any further, Kaye recommends that operators stop finance companies from going any ... [Read More]

Credit Report Training Among Highlights of New NABD Conference

credit report
Nick Zulovich, Editor
Recently an operator came to Ken Shilson and told the founder of the National Alliance of Buy-Here, Pay-Here dealers that he found an easy way to save money on every sale he made at his dealership. Immediately after Shilson applauded ... [Read More]

EXCLUSIVE: DriveTime Responds to $8M Fine From CFPB

DT Lease Fleet for BHPH
Nick Zulovich, Editor
The Consumer Financial Protection Bureau made its first enforcement action in the buy-here, pay-here space and handed out an $8 million penalty against one of the largest operations in the business — DriveTime Automotive Group. CFPB officials said late Wednesday ... [Read More]

PassTime Device Helps Authorities Arrest Suspect in High-Profile Abduction

news
BHPH Report Staff
PassTime now has a stronger argument about the potential benefits of its GPS devices beyond the payment-increasing potential for buy-here, pay-here dealers and finance companies. A Philadelphia woman, whose abduction was caught on tape, has been rescued — and her ... [Read More]

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