The Crucial Role of Working Capital for BHPH Dealerships: Ensuring Success and Stability

Used Car News / By crosbyru

The Crucial Role of Working Capital for BHPH Dealerships: Ensuring Success and Stability Introduction Buy Here Pay Here (BHPH) dealerships have become an essential part of the automotive industry, providing financing options for customers with limited or poor credit histories. These dealerships offer an alternative to traditional financing, allowing customers to purchase a vehicle and …

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Selling Auto Notes an Introduction:

Used Car News / By crosbyru

Selling Auto Notes an Introduction: Auto notes are a type of debt instrument that is used to finance the purchase of a vehicle. They are typically issued by banks or other financial institutions and are secured by the vehicle itself. Auto notes are a popular investment option for individuals looking to diversify their portfolio and …

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Buy Here Pay Here Best Practices: Tips for Dealerships to Maximize Success 2023

Used Car News / By crosbyru

Buy Here Pay Here Best Practices: Tips for Dealerships to Maximize Success In today’s fast-paced and competitive automotive market, it’s essential for Buy Here Pay Here (BHPH) dealerships to implement best practices to stay ahead of the curve. BHPH dealerships offer financing to individuals with poor or limited credit histories, which can be a high-risk …

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Sell BHPH Bulk Portfolio

Used Car News / By crosbyru

Sell BHPH Bulk Portfolio Introduction What is a Buy Here Pay Here Portfolio? Reasons to sell your Buy Here Pay Here Portfolio Financial Gain Eliminating Risk Opportunity to Reinvest Challenges in Selling a Buy Here Pay Here Portfolio Finding a Buyer Valuation of the Portfolio Legal and Compliance Requirements Tips for Selling your Buy Here …

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SCUSA settles predatory lending suit dating back a decade

Used Car News / By crosbyru

SCUSA settles predatory lending suit dating back a decade May 19, 2020 04:14 pm | Nicole Casperson and Joey Pizzolato Santander Consumer USA has settled a lawsuit leveled by 33 states and the District of Columbia alleging that the subprime lender engaged in “predatory lending” dating back to 2010, by offering loans to consumers knowing …

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Bubbling Up: The rise of fraud in the COVID-19 economy [Feature]

Used Car News / By crosbyru

Bubbling Up: The rise of fraud Instances of detectable auto fraud and cybersecurity breaches are likely to bubble up amid declining vehicle sales as the COVID-19 crisis forces dealerships to shift their focus to online sales, and lenders’ employees work remotely. Car loan applications have dropped between 30% to 50% for some lenders, and …

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