how to start a buy here pay here dealership(1)

How to Start a Buy Here Pay Here Dealership

In this article, we’ll be learning how to start a buy here pay here (BHPH) dealership. We’ll start with a detailed description and then move on to the pros and cons of starting a BHPH dealership. After that, we’ll detail the who, where, when, and hows of creating your BHPH dealership. How is buy here pay here different from retail auto sales? The main difference from retail sales is that in the BHPH model, you fund the deal yourself. You’ve probably heard buy here pay here referred to as in-house financing; this is a perfect description. You’re taking on the responsibilities of a finance company instead of selling…

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what is a dealer management system

What is a Dealership Management System (DMS)?

Dealership management system or ‘DMS’ is the name of the software used by Automotive, RV, and Powersports dealerships. This program is what dealers use for inventory management, sales management, deal structuring, CRM, and printing legal documents. Most popular DMS solutions today are also cloud-based and come with mobile apps. In the past, auto dealers logged into many different systems to run their business. On top of a traditional dealer management system platform, a dealer may log into as many as 5 other systems! One system to submit deals to lenders, another to manage their customer relationships, one to manage their website, and yet another for online marketing. On…

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7 Reasons the Rent to Own Model Rocks

7 Reasons the Rent to Own Model Rocks

7 Reasons the Rent to Own Model Rocks Make more profit than BHPH or retail sales with a Rent to Own model you can make much more profit than with a traditional BHPH structure. There are a number of reasons for this. Chief among them is the fact that the ‘renter’ can return the vehicle at any time without penalty, and often does. This means you keep the money you earned from the rental payments and have the ability to ‘sell’ the same vehicle many times. And this is going to compound your profit margin with each turn. Less Risk than BHPH One of the biggest issues with…

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How to Start a Powersports Dealership in California

How to Start a Powersports Dealership in California

How to Start a Powersports Dealership in California? If you’re trying to start a motorcycle or Powersports dealership within the state of California DealerClick DMS can help! Becoming a Powersports dealer is a dream come true for a lot of people. But where do you start? How much money does it take? And how do you qualify? These are all great questions that we will answer for you here. So keep reading if you want to learn how to start a motorcycle dealership in California! Here are the steps you need to follow to obtain a California Motorcycle Dealer License: 1: Complete an application packet
. 2: Undergo criminal…

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motorhome

6 Sales Tips to Sell More RV’s!

How to sell more RV’s Here are 6 Sales Tips to Sell More RV’s! There is one huge mistake that RV Salesman make regularly; the sales process they use to sell the RV changes on every single deal with each customer. The most important thing is consistency. If you have the same pitch and process each time you sell an RV you have something to build on. If you are constantly changing your approach there is no way to tell if you are getting better or not at the art of selling. You will lose money and deals by not having a standard approach. The RV sales process…

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