4 options to wind down BHPH business
Friday, Oct. 9, 2015, 07:33 PM
BHPH Report Staff
Continuing a series about creating a strategy either to retire or at least depart from the business, Julian Codding — a member of the National Alliance of Buy-Here, Pay-Here Dealers Hall of Fame — pinpointed four main options BHPH operators ... [Read More]
Equifax offering free webinar to help BHPH dealers with tradeline reporting
Thursday, Oct. 8, 2015, 02:02 PM
BHPH Report Staff
For operators who still have questions about credit reporting of customer payments and more, Equifax, in collaboration with the National Independent Automobile Dealers Association and the National Alliance of Buy-Here, Pay-Here Dealers, is hosting a free webinar in support of ... [Read More]
Car-Mart, J.D. Byrider open new stores
Wednesday, Oct. 7, 2015, 07:26 PM
BHPH Report Staff
Two of the largest buy-here, pay-here dealership chains — America’s Car-Mart and J.D. Byrider — recently opened new stores, each one expanding their footprints in the Southeast. Longtime franchisees Steve and Jeanne Locklear recently rolled out their fourth dealership, broadening ... [Read More]
Technology updates from PassTime & Frazer
Friday, Oct. 2, 2015, 06:19 PM
BHPH Report Staff
Two major service providers for buy-here, pay-here dealers — PassTime and Frazer — each finalized enhancements to their technological offerings. First at PassTime, the company introduced the fourth version of its popular GPS tracking system TRAX 4, which boasts an ... [Read More]
2 people to include if considering exit from BHPH
Thursday, Oct. 1, 2015, 02:16 PM
BHPH Report Staff
Julian Codding, a member of the National Alliance of Buy-Here, Pay-Here Dealers Hall of Fame, recently decided to retire from a full-time commitment to his BHPH dealership, closing the lot and waiting for the remaining contracts to reach their terms. ... [Read More]
FTC penalizes Texas BHPH operation over credit reporting
Wednesday, Sep. 16, 2015, 06:38 PM
Nick Zulovich, Editor
Reporting consumer performance to a credit bureau certainly can boost a buy-here, pay-here dealership’s offerings to its customer base. But when the process isn’t completed properly, the mistakes can catch the attention of federal regulators, which happened to Texas-based Tricolor ... [Read More]
FTC: 7 deadly ad sins some BHPH dealers commit
Monday, Sep. 14, 2015, 06:22 PM
BHPH Report Staff
Operators now have a clear guide on how to avoid getting into trouble with the Federal Trade Commission. Cindy Liebes, director of the FTC’s Southeast region, shared what she deemed to be the “seven deadly advertising sins” buy-here, pay-here dealers ... [Read More]
Commercial Chapter 11 bankruptcies rise for 2nd straight month
Thursday, Sep. 10, 2015, 02:57 PM
BHPH Report Staff
Although total commercial Chapter 11 filings moved higher for the second month in a row, the American Bankruptcy Institute didn’t waffle from maintaining its projection of what the overall consumer and business filing total should be for the year. According ... [Read More]
7 leading legal minds to highlight NABD East Coast Conference
Friday, Aug. 28, 2015, 08:20 PM
BHPH Report Staff
The National Alliance of Buy-Here, Pay-Here Dealers is bringing together seven of the most experienced, knowledgeable legal experts who have several decades of collective experience in the auto regulatory world for the 12th annual NABD East Coast Conference. The conference ... [Read More]
Top 10 missteps that could shut down a BHPH dealer
Friday, Aug. 28, 2015, 01:40 PM
BHPH Report Staff
With the closing weekend of August upon us, Hudson Cook senior partner and chairman Tom Hudson shared his Top 10 list of practices buy-here, pay-here dealers need to recognize so they not only avoid a bad month, but the possibility ... [Read More]
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