"It's very difficult to get any financing for salvage vehicles. Generally it is BHPH only. Also, most warranty companies will not cover salvage vehicles. Warranty companies that specialize in high mileage vehicles also specialize in finding ways…"
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David Burkhart's Page
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David Burkhart replied to Konrad Czer's discussion Young Car Dealer looking for ideas and help to expand. (Financing, Floor Planning, financing Salvages etc) Current Import Shop Owner (CAC, Westlake, Service Contracts)David Burkhart replied to Jay FitzGerald's discussion Reinsurance Program"After ~30 years in the business, my advice is to go with a large admitted insured that has it's own claims administration. "
David Burkhart replied to Jen Bressi's discussion MBPI- Mechanical Breakdown Protection INC"i used to run a mechanical inspection company. I have been in nearly every service contract provider's office in the USA trying to sell them inspection services. MBPI was one of the smallest I visited. They have been around a long time and I…"
David Burkhart replied to GUSTAVO MONTERO's discussion Fair front and back-end profit split in a small-medium size dealership?"The "greedy" admonishment was merely a precaution. You sound like a real "can-do" kind of guy who will have the place doing 50 cars then 100 in no time. The owner needs to understand your comment on the salesman's uncaring…"
David Burkhart replied to GUSTAVO MONTERO's discussion Fair front and back-end profit split in a small-medium size dealership?"What does a "normal" dealership pay? F&I 20-25% of F&I gross less chargebacks. Sales 20-25% of Sales gross. U/C manager (President in this case) 20-25% of U/C gross. Sales Manager 10% of sales gross. GM 10% of total gross. So using…"
Profile Information
- Company
- SoCal Dealer Solutions
- Position
- Principal
- Dealership, Allied Industry or Finance Company?
- Allied Industry
- If Dealership, Franchise or Independent
- Not Applicable
- Your web site
- http://www.socaldealersolutions.com
- Biography/Work Summary
- Current; 2003
Universal Underwriters (now Zurich): 1996-2002
Integrated Warranty Services: 1986-1995
Mechanical Insurance Associates: 1979-1985
- Favorite Quote
- If you think you can, you're right.
If you think you can't, you're right.
- Activities Away From Work
- Bicycling, Golf.
- Birthday
- March 15
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