Blog

The Changing Subprime Auto Finance Landscape

  • February 26, 2019
  • Bill Caan
  • Reading Time: 2 minutes
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A number of seemingly unrelated factors are bringing big changes to auto finance, especially in the subprime market: higher balances, longer terms, more delinquencies and a changing regulatory landscape will heat up competition and increase pressure on auto dealers and lenders alike in the coming years. Independent dealers especially will need to look at innovative …

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Is Your BHPH Dealership Ready for Tax Season?

  • November 29, 2018
  • Bill Caan
  • Reading Time: 2 minutes
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Tax laws are always changing, and with these changes come new opportunities for all businesses, including Buy Here, Pay Here (BHPH) dealerships. Last year’s Tax Cut and Jobs Act promises to put a lot more money in the pockets of potential car buyers who have been waiting for the opportunity to replace their vehicle. Here …

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Checklist for New BHPH and Vehicle Finance Companies

  • August 16, 2018
  • Bill Caan
  • Reading Time: 2 minutes
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Buy-here-pay-here (BHPH) and lease-here-pay-here (LHPH) programs are two important ways to serve markets and capture revenue that might otherwise go untapped. The ability to offer vehicles to people with credit blemishes can be very productive to both sides, but you must make sure you have structured your company and lending procedures in a way that …

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CalAmp Showcases GPS Solutions at NIADA 2018

  • July 27, 2018
  • Bill Caan
  • Reading Time: 2 minutes
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CalAmp attended this year’s National Independent Automobile Dealers Association (NIADA) show in Orlando, Florida in June. We were pleased and honored to sponsor the First Timer’s Reception at the convention, where we connected with a number of newcomers to the vehicle finance and buy-here-pay-here (BHPH) industries. One of the biggest trends we noted this year …

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Building a Vehicle Financing Solution You Can Trust with Telematics

  • April 19, 2018
  • Bill Caan
  • Reading Time: 2 minutes
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The vehicle finance industry understands risk management. When most of your asset portfolio is your inventory, protecting and managing that inventory is a priority. That’s why so many businesses value the investment they place in a telematics solution, also known as a collateral management system (CMS). A good telematics solution makes it possible to locate, manage …

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3 Reasons Vehicle Finance Companies Trust CalAmp

  • October 19, 2017
  • Bill Caan
  • Reading Time: 2 minutes
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Risk is a fact of life. Whether you’re a vehicle finance lender, a credit union, or a buy-here-pay-here car dealer, you must face the possibility that a borrower will not keep up with payments. Credit checks are a good safety measure, but they don’t always predict customer behavior. With talk of a bubble in the …

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