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All ADM Blog Posts Tagged 'finance' (23)

Dealership Managers: It's About Time - Part 3

Added by Danny Benites on February 21, 2014 at 9:00am — No Comments

Dealership Managers: It's About Time - Part 2

Added by Danny Benites on February 20, 2014 at 8:48am — No Comments

Skylink vs LoJack

http://www.inilex.com/Corporate/Products/SkyLink

SkyLINK: The Next Generation in Theft Recovery

See the Video SkyLINK can help law enforcement locate a SkyLINK-equipped stolen vehicle with pinpoint accuracy and recover it swiftly. A tracking device like SkyLINK makes a stolen vehicle a…

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Added by Clarence U Romero on September 13, 2013 at 2:05pm — No Comments

How OEMs are Giving Dealers a Jumpstart in Retention

Manufacturers are increasingly introducing programs designed to increase brand loyalty, and car buyers are staying more loyal than ever before. One of the most recent examples is…

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Added by Mike Gorun on July 9, 2013 at 6:09am — No Comments

No Credit Check Financing News

No Credit Check Financing 

 …

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Added by JB Floyd on May 28, 2013 at 9:30am — No Comments

Self Funded In House Financing Can Present Legal Snares

What legally defines a merchant who uses a self-funded, in-house financing program?  Any merchant extending credit of any kind to one or more of their customers is this type of merchant, whether they realize it or not.

 

They may be running an in-house financing program using their own money, or they may simply be allowing a customer they’ve known for years to pay a few days late which constitutes…

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Added by JB Floyd on May 26, 2013 at 9:45am — No Comments

Selling in the Service Drive with a Twist

It’s not a new idea to have one of your salespeople working the service drive. Opportunities and circumstances exist where it may be beneficial for the customer to trade-in their car that needs to be repaired. Having someone who can not only identify those opportunities but who also knows how to present it to the customer…

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Added by Mike Gorun on May 21, 2013 at 7:56am — No Comments

The Transition From The Sales Floor To The Finance Dept

Does your dealership have a process in place for a quick transition from the sales floor to the finance dept?  Are your customers waiting for a hour or more to get into the finance office?  Does your F&I producer come out to meet the customer before the consumer get's to his/her office?  Ladies and gentleman I could go on and on with questions that I talk about with automotive managers and what we find is very concerning.

First, the transition from the sales floor to…

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Added by J.R. Batchelor on May 1, 2013 at 8:51pm — 9 Comments

Long Term Finance Programs...Friend or Foe?

I was CC'd on this email…

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Added by Chip King on April 20, 2013 at 8:30am — 5 Comments

The 'Car Dealership Expose' Book You've All Been Waiting For!

In the car business, just about every dealership has "that" employee. You know, the one that complains about everything. The one that's never happy. The one most sales trainers, consultants and managers would call "cancer". The advice that 99% would give in regards to "that guy" who, no matter what you tried, just isn't positive and seems to hate everything would be to fire him. The last thing you need is some jaded veteran salesman spreading dissension and negativity around your…

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Added by Arnold Tijerina on April 4, 2013 at 5:45am — No Comments

Stop Holding Boring Sales Training Meetings!

This blog was originally by Harlene Doane, COO of Used Car University on their company blog

Ever been to one of these meetings?

Good morning everyone, today we are going to talk about phone skills. Let's listen to a recently recorded call to our dealership and hear what we did wrong?

Or

John we had 15 lot ups yesterday but only closed one…

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Added by Brett Houchin on April 3, 2013 at 12:30pm — No Comments

Auto/Mate Announces Integration with 700Credit, Providing Auto Dealers With Complete Access to Credit Services

ALBANY, N.Y. – January 30, 2013 – Auto/Mate Dealership Systems (http://www.automate.com) announced today that its AMPS Dealership Management System (DMS) is fully integrated with 700Credit, the automotive industry’s leading provider of consumer credit reporting and compliance products. Auto dealerships using AMPS now have complete, seamless access to 700Credit’s web-based credit reporting system…

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Added by Mike Esposito on January 30, 2013 at 6:55am — No Comments

There Are Car Dealerships, Then There Is Your Dealership-

There is this “rule of thumb” when writing social media blogs that basically says in order to capture the reader’s attention and build your audience, never try and sell them something.

Always make sure your content is informative (something for business, life, or both that…

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Added by Todd Vowell on January 9, 2013 at 11:30am — 2 Comments

Auto Dealers Taking Advantage Of More Sub-Prime Opportunities

Fewer Delinquencies Boost Sub Prime Auto Loans For Dealers



A larger number of drivers are making their auto payments on time according to Equifax and TransUnion. This will have a significant impact on auto dealers looking to secure sub-prime auto financing for customers:



TransUnion says the number of drivers late on their car payments have dropped by 25%…

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Added by John Sternal on August 28, 2012 at 1:47pm — No Comments

Feds Looking for "Spot Delivery" info

The Story below is a copy of a recent story posted on WardsAuto by Gil Van Over. The link is to the actual story.

Feds Looking for "Spot Delivery" Info...…

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Added by Andy Shambarger on March 7, 2012 at 8:27am — No Comments

Southside Financial Group Launches National Subprime Loan Portfolio Program



Southside Financial Group Launches National Subprime Loan Portfolio Program to Help Franchised and Independent Auto Dealers Achieve Greater Liquidity

 

Arlington, Texas, October 17, 2011 -- Southside Financial Group (http://www.southsidefg.com), an active purchaser of auto finance receivables, today announced the launch of a…

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Added by sara callahan on October 17, 2011 at 5:05am — No Comments

How Professional Are Your Professionals?

Here at Don Graff Automotive we often implement a series of test calls to dealerships in order to assess how well they handle incoming sale’s inquires. These “mystery shopper” calls can tell us what the current aptitude of a dealership is and what problem areas we’ll need to focus upon when it comes to the consulting end of the services we provide. In a perfect world, where every dealership possessed a well-trained staff of business development center employees, each call would be handled…

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Added by DON GRAFF on May 7, 2011 at 7:30pm — No Comments

AC Funding

 





AC Funding

 



If you have a customer that scores a 620 and wants to buy a 2004 pickup with 114k miles on it we can get you 72 months.

 

If you have a customer that scores a 0 but has a home and some job time, that would be us.  We fund up to 120% and have rates as low as 4% for better scoring customers.  No dealer agreement, after the approval we FedEx you a check.  Contact me and I will send you…

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Added by Alan Ault on March 8, 2011 at 4:14pm — No Comments

"It's All Good": The Return of Spi-Fi

I remember sitting in my office at Robberson Ford two years ago. It was a beautiful day not unlike today, clear but cold. I was having a terrible conversation with a gentleman who had submitted an inquiry on a pre-owned vehicle. He’d been a mortgage broker for the previous 25 years, and, like so many of the real estate affiliated customers I’d been talking to then, he’d fallen on hard times. His story was pretty sad. Big fat house in Bend, OR,…
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Added by Shannon Page on October 14, 2010 at 4:45pm — 1 Comment

FULL DISCLOSURE MENU SELLING OR NOT?





Full Disclosure Menu Selling or Not?





You would think with…

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Added by Rebecca Chernek on April 23, 2010 at 3:12pm — No Comments

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