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

How to Start a Buy Here Pay Here Dealership

The market for Buy Here Pay Here continues to grow year after year. A recent report from the credit bureaus estimates that 10% of all vehicles financed were done through BHPH dealers. The number continues to grow each year as the economy in many places struggles to keep up. Because of its growing popularity, more and more dealers are adding the in-house financing business model to sell cars. Some are even leaving traditional retail models altogether in favor of the in-house approach. So keep reading to learn how to start a Buy Here Pay Here dealership. Here are 5 things you need to have when starting a Buy…

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july newsletter

July Newsletter

DealerClick July Newsletter June was a great month for DealerClick! We are happy to announce that our partnership with the FundCars Lending Network is a huge hit! We already have over 100 dealers in the state of California using the integration to get funding for car deals! We are on track to open the program up to new states starting first quarter of next year! We are gaining new lenders each and every day! Our goal is to help dealers in all 50 states get lending options that they would not otherwise have. This program has been so successful because we give you an option that other providers…

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what is a dealer management system

What is a Dealership Management System (DMS)?

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 needed to login to 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…

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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 Powersports Dealers Sell F&I Products

How Motorcycle Dealers Sell F&I Products

Today we’re going to show you how motorcycle dealers sell F&I products. More than 25% of the profit on any given motorcycle or powersports deal is made on the ‘back-end’ through the sale of F&I products. If you aren’t making that much keep reading and we’ll show you how! You may hear some people refer the the F&I department as the ‘Found Income’ department because of its ability to make huge profits. The name is fitting; there is tremendous profit to be made on back-end products. New customers can save 10% on Powersports Pro. Find out how by clicking HERE!   Step 1 The first tip is to…

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