Better BHPH Financials: How to Get Organized for Growth
Presented by Kevin Roy, CPA
CliftonLarsonAllen
Tuesday, April 25 - Dallas
The craziness of a busy BHPH operation can make it tough to plan for future growth. But sometimes you need to take a few hours off from working IN your business so you can work ON your business. This ½ day seminar will demonstrate how better organizing your financial and operations structures can be the key to growing your portfolio.
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$25, $50 $100, $150 - What Do You Charge for a Doc Fee?
House Bill 2949, a bill that would streamline government and eliminate unnecessary regulations on auto dealers, was voted out of committee this week and will be heard on the House floor early next week. If the bill becomes law, dealers would no longer have to notify OCCC when they elect to increase their doc fee above $50 but charge less than the current reasonable rate set by the commission at $150. A dealer who fails to notify OCCC currently faces a $1500 fine. So what is your doc fee? Complete this survey so we can do a better job representing your interest.
INDEPAC - Your Political Action Committee in Action
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BLOG: Are You Required to Keep the Physical Title on the Premises?
Must you always keep the physical titles at your dealership locations? TIADA's Director of Dealer Compliance and Education Amber Hackett Crosby examines this question in our
latest blog entry. Find out what the requirements are for a compliant business by following the link below.
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BHPH Compliance: A Comprehensive Workshop
Presented by Michael W. Dunagan
TIADA General Counsel
Monday, May 8 - Austin
This revitalized seminar from TIADA General Counsel Michael W. Dunagan is the final answer in BHPH compliance. Mike speaks dealer, and with over 40 years of experience representing hundreds of BHPH dealers, he knows your business inside and out.
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Sell More, Profit More
Presented by Brent Carmichael
Executive Conference Moderator,
20 Groups
NCM Associates
Monday, May 15 - Houston
These have been some challenging few sales months in the Buy Here, Pay Here industry, aided by another odd tax season and depletion in inventory. Dealers are finding that every sales opportunity needs to be capitalized on and that's where this seminar can help.
Sell More, Profit More is designed to help you and your sales teams maximize your selling opportunities.
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Don't Miss Deadline to Apply for Marvin Norwood Scholarship
Do you know a student who could use $1,000 to help pay for his or her education? Well TIADA is here to help! The Marvin Norwood Scholarship is awarded each year to one applicant who is entering or currently enrolled in an accredited college or trade school. The winner will be announced at this year's Annual Conference & Expo. Follow the link below to see scholarship requirements and download an application
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eLICENSING is Now Available!
Join TxDMV for an informational webinar to learn more about the new
eLICENSING system. Learn how easy it is to renew your license, make an amendment, or even submit an application for a new license - completely online.
Reserve your spot in the next informational webinar on Thursday, April 27th from 10:00 a.m. to 11:00 a.m.
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Dangerous Takata Air Bag Inflators Are Being Installed in Used Cars
A Nevada crash that nearly killed a young woman has exposed a hole in the government's efforts to get dangerous Takata air bag inflators off the road: There's nothing preventing the devices from being taken from wrecked cars and reused.
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Value Is Not Extinct with 2DollarCars
All cars sold with a TWO DOLLAR reserve, no gimmicks, no games. Many sold on GREEN LIGHT. View all of our fresh wholesale inventory and get monster rebates. Need help? Email [email protected]
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States Step Up Enforcement, Anticipating CFPB Decline
While there is some optimism for deregulation among auto finance lenders, lawyers are cautioning clients not to not be lax on monitoring, because state attorneys general and financial services departments are stepping into the "void" left by the Consumer Financial Protection Bureau, said Ken Rojc, managing partner of Nisen & Elliott LLC's Automotive Finance Group.
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Few Signs Industry Is Backing off Record Financing Pace
The latest report generated by the Federal Reserve Bank of New York declared that 2016 officially represented the year of the highest auto finance originations - at least in the 18-year history of the data officials obtained from Equifax.
And at least one finance company that specializes in subprime paper isn't sure when the current cycle of aggressive originating is going to slow.
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Start-up Dealer? Do It Right the First Time
If you are not doing everything you can to be the BHPH dealer of choice, it may be time to ask the question: Why should the market allow your business to exist? In this very consumer-driven market, cars are commodities. Start-up dealers should not operate as BHPH based on a few self-financed used cars. It is too expensive a proposition and too regulated without a clear business and community purpose. Many new business owners begin with a business plan, usually to satisfy bank or partner requests. But a plan is also good for the owner to outline the exact research, steps and benchmarks to support success.
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IIHS Wants Your Teen Driver Behind the Wheel of These Square Used Vehicles
If you're planning to buy your teen son or daughter their first vehicle - rather than let them work a retail job to save up for a rusting heap - the Insurance Institute for Highway Safety wants a word.
There's good and almost-as-good choices for used cars out there, and none of them are a '95 Cavalier with a blown suspension and more fluid leaks than the Bismark. While the IIHS top picks pack piece of mind for parents, kids might cringe at the less-than-sexy choices.
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Woman Wins Car after 50-Hour Smooching Marathon in Central Texas
A handful of competitors in Central Texas were finally able to unpurse their lips from the car they were trying to win Wednesday morning, 50 hours after the contest first began.
Dilini Jayasuriya, 30, was declared the the winner after her name was picked out of the seven competitors left in the race.
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FunAutoPromotions.com
FunAutoPromotions.com supplies products that are aimed at improving the auto selling process. We offer everything from goody bags to help keep kids occupied to transfer totes, lot flags and much more!
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AAA Study Predicts Spike in Electric Car Sales
There has been a trend of lower gas prices recently, although they are expected to rise come summer.
A new report from AAA predicts that more than 30 million Americans are likely to make their next car an electric one.
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Which Cars Will Most Likely Last for 200,000 Miles?
If you want a vehicle that can make it to 200,000 miles, what should you buy? Probably not a sedan. A new study finds that large SUVs are the likeliest to keep going to that mileage marker and beyond.
Research from iSeeCars.com found that the Ford Expedition and Toyota Sequoia are four times as likely and the Chevrolet Suburban 3.5 times as likely as the average vehicle to be still on the road at 200,000 miles. The study looked at the 13 million used cars sold last year ranging from 1981 models to 2017.
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NABD National Conference - Discount for TIADA Members
The
NABD
National Conference is May 23 - 25, 2017 in Las Vegas. Stay at the Luxurious Wynn | Encore Resort & Casino for only $209 per night with this special offer for TIADA members. Call (888) 320-9966 and use group code "6BUY0517."
To register for the conference or for more information, visit
www.bhphinfo.com or call 832-767-4759.
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BHPH Benchmark Sneak Peek: The Rise & Appeal of Leasing
Thanks to more data and information from NCM Associates, the National Independent Automobile Dealers Association and Subprime Analytics, Ken Shilson has more evidence showing the performance of the lease-here, pay-here model that more operators are leveraging as a way to augment their traditional retail installment contract business.
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