Glenview Finance continues aggressive service launch with bulk portfolio program
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Dealers gain valuable knowledge through record-setting BHPH United Summit
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FEX DMS Highlights Major Enhancements To FEX EPS Pay Portal
Wednesday, Mar. 5, 2014, 07:33 PM
BHPH Report Staff
FEX DMS recently launched major enhancements to its electronic payment service to help buy-here pay-here dealers who use the FEX EPS solution. FEX DMS chief technology officer Jeff McCurry highlighted the new enhancements are designed to revolutionize the way FEX ... [Read More]
Learn From Your Year-End Losses, Don’t Repeat Them
Wednesday, Mar. 5, 2014, 07:04 PM
Ken Shilson
With 2013 in the rear view mirror, many buy-here, pay-here operators will evaluate last year’s performance by reviewing sales figures and the “bottom line” of their year end financial statements. Although I acknowledge that these are typical performance barometers operators ... [Read More]
Daughtry: Considering BHPH? Here Is A Starting Point Or Two
Wednesday, Mar. 5, 2014, 06:57 PM
Gene Daughtry
Have you considered buy-here, pay-here? This is a good time to make the move. If you have and wondered where to start, here is a ‘beginning’ you can use to get moving in the right direction. There are many things ... [Read More]
Car-Mart Aiming To Get Customers ‘Over The Finish Line’
Wednesday, Mar. 5, 2014, 06:50 PM
Nick Zulovich, Editor
Like many buy here, pay-here dealers, BHPH chain America’s Car-Mart has seen some of its better customers being wooed away by the possibility of getting a newer, lower-mileage vehicle at another dealership because finance companies are willing to take on ... [Read More]
Ignoring Form 1099-C Filing Can Become Costly
Wednesday, Mar. 5, 2014, 05:22 PM
Nick Zulovich, Editor
You probably have heard that running cocktail hour joke about the two sure things in life — death and taxes. Well that chuckle starter came up again during the BHPH Report’s conversation with McGladrey’s Scott Ruby when he discussed how ... [Read More]
Importance Of Creating & Maintaining Business Plan
Wednesday, Mar. 5, 2014, 05:16 PM
Nick Zulovich, Editor
The buy-here, pay-here operation Dustin Kerr started to oversee for owner Bill Powell 10 years ago followed a pattern many dealers might recognize. The BHPH store started as an off -shoot of a Chrysler franchised dealership — a place where ... [Read More]
2013 Is In The Rearview Mirror So What’s Ahead?
Friday, Feb. 28, 2014, 09:43 PM
Ken Shilson, NABD
Although the year-end financial results for buy-here, pay-here operators are still being compiled and individual results will vary, members of the National Alliance of Buy-Here, Pay-Here Dealers I surveyed about 2013 performance indicated the following: 1. Increased Competition Unit sales ... [Read More]
Department Of Justice Sues Two North Carolina BHPH Dealers
Friday, Feb. 28, 2014, 09:37 PM
Nick Zulovich, Editor
A host of high level law enforcement agencies that can target a dealership in the Tar Heel State are suing operators who have been in business in North Carolina's largest city for more than 15 years. Earlier this month, the ... [Read More]
IRS Audits Of Operators On The Rise
Friday, Feb. 28, 2014, 09:35 PM
Nick Zulovich, Editor
The Internal Revenue Service appears to be increasing audit efforts within the used-vehicle industry. And one particular element is especially important for buy-here, pay-here dealers to understand: Form 1099-C. Before delving too heavily into this wideranging topic, two accounting experts ... [Read More]
CarHop Adds 3 BHPH Stores, Broadens Footprint into South Dakota
Saturday, Jan. 18, 2014, 04:54 PM
Nick Zulovich, SubPrime Auto Finance News Editor
CarHop has continued to add to its network of buy-here, pay-here dealerships, venturing into another state among its three newest stores. The company is now moving metal at lots near San Diego, another in Pueblo, Colo., and for the first ... [Read More]