Blog

Is Your BHPH Dealership Ready for Tax Season?

  • November 29, 2018
  • Bill C.
  • Reading Time: 2 minutes
CA-LO Tax Season_Blog

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 C.
  • 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 C.
  • 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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Vehicle Finance: Is Telematics Part Of Your Insurance Portfolio?

  • July 20, 2017
  • Kristy Cartier
  • Reading Time: 2 minutes
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There is insurance for everything – even the hole-in-one prize at a golf tournament has a policy to pay out if someone actually wins. The premise for these plans, of course, is to reduce your risk exposure by helping you recover from a loss. This idea is similar for vehicle telematics. However, it is a …

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The New LenderOutlook: A Better Way to Lend More, Sell More.

  • May 24, 2017
  • Kristy Cartier
  • Reading Time: 3 minutes
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The subprime vehicle loan market is dynamic. It has to adapt to multiple changes from a flush of off-lease vehicles hitting the market to changes in how people’s credit ratings are scored to reaching out to underbanked consumers. These factors affect your risk when lending. You need reliable technology to help you manage collateral so …

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What Automatic Crash Notifications Can Do For Vehicle Finance

  • May 17, 2017
  • Kristy Cartier
  • Reading Time: 2 minutes
05.17.2017-Blog-CA

There are benefits for insurance and vehicle finance companies to be notified immediately after a collision occurs. Both have vested interest in the vehicle for claims and collateral value. There is also the desire to help the owner get back into a vehicle, especially if the vehicle is declared a total loss. It typically takes …

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4 Thoughts on Growing Your Customer Loan Retention

  • April 26, 2017
  • Kristy Cartier
  • Reading Time: 2 minutes
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Springtime is a good time to refresh your loan portfolio and find ways to nurture sales from current or recent customers. Typically, it is cheaper to hold onto them than to woo a new one to your lot. So what else can you do to strengthen your relationship? Operating expenses can be lower for returning …

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Vehicle Loans Can Be Quick and Easy for You and Your Borrower

  • February 28, 2017
  • Kristy Cartier
  • Reading Time: 2 minutes
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According to the 2015 Pew Charitable Trust’s Auto Title Loan Report, two million Americans use title loans annually. Payday loans, pawn lending, or credit card advances are other options when a consumer needs money fast. These unfortunate situations happen – unemployment, unexpected repair, medical bills and more. For lenders, the worry comes from loan defaults …

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Telematics Can Secure Your Motorcycle Financing Too

  • February 01, 2017
  • Kristy Cartier
  • Reading Time: 2 minutes
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The used vehicle finance industry is typically focused on cars and trucks; however, if a dealer is looking to expand her portfolio, motorcycles might be a good choice. Manufacturers are designing and producing lighter bikes for city use in order to appeal to a younger demographic, per Autos CheatSheet®. And this is where the opportunity …

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How Can Your Dealership Win More Tax Refund Sales?

  • January 26, 2017
  • Kristy Cartier
  • Reading Time: 2 minutes
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With January coming to a close, HR and accounting are sending out the W-2s, 1099s and other tax documents to staff and contributors. According to the IRS, the federal agency issued almost 117 million individual refunds for fiscal year 2015. Not surprisingly, the top five states for population had money returned. They were California, Texas, …

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