"Mike.. My pleasure! I have Managed or Owned a BHPH / Used Car dealership since 1992. Especially when you are dealing with franchise dealers you must make them commit financially to you in writing. New challenges are great, but never let a dealer…"
The automotive social network for dealers and dealership management
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Mike "BK" Anthony
- Male
- East Canton, OH
- United States
- Blog Posts (2)
- Discussions (21)
- Events
- Groups (9)
- Videos
Mike "BK" Anthony's Groups
Mike "BK" Anthony's Discussions
Dealership Credit Websites
Started this discussion. Last reply by Thomas LaBate Feb 25, 2011. 7 Replies 0 Likes
Direct Mail peice.
Started this discussion. Last reply by CAL HOOKS Jan 15, 2011. 9 Replies 0 Likes
Market Based Pricing Script
Started this discussion. Last reply by Steve Richards Jan 4, 2011. 17 Replies 0 Likes
Mike "BK" Anthony's Page
Latest Activity
Dennis Wagner replied to Mike "BK" Anthony's discussion What is a good pay plan for a manager running an upstart BHPH store at a Franchised dealer. in the group National BHPH Dealer Association
Mike "BK" Anthony replied to Mike "BK" Anthony's discussion What is a good pay plan for a manager running an upstart BHPH store at a Franchised dealer. in the group National BHPH Dealer Association"Dennis, thanks for the info, not all about the money, more about new challanges. I want to be sure I am compensated properly and all the info I can retrieve is very useful."
Tony Abbott replied to Mike "BK" Anthony's discussion What is a good pay plan for a manager running an upstart BHPH store at a Franchised dealer. in the group National BHPH Dealer Association"Hi BK, Your getting some great advice from the group. I just wanted to add that if you need Spi-Fi leads, I hear CarsDirect.com has a pretty good progr"
Dennis Wagner replied to Mike "BK" Anthony's discussion What is a good pay plan for a manager running an upstart BHPH store at a Franchised dealer. in the group National BHPH Dealer Association"Hello Mike,
I hate to say it, but I think you would have to take a huge pay cut to move from Special Finance Director for 3 stores to a BHPH Manager. Most BHPH managers I know make in the $100,000 - $150,000 per year range and I know a bunch, but…"
Dugan Anderson replied to Mike "BK" Anthony's discussion What is a good pay plan for a manager running an upstart BHPH store at a Franchised dealer. in the group National BHPH Dealer Association"I agree with Gene on BHPH pay plans. For the very same reasons BHPB salespeople should NOT paid on gross, the manager should not be paid that way either. A successful BHPH operation needs to concentrate on the quality of their portfolio.…"
Gene Daughtry replied to Mike "BK" Anthony's discussion What is a good pay plan for a manager running an upstart BHPH store at a Franchised dealer. in the group National BHPH Dealer Association"BK,
One thing I have learned after 16 years of BHPH is that as manager you will have the power to "approve" loans so you can control most performance aspects of the operation. If they commission you on sales, gross, down payment,…"
Mike "BK" Anthony's discussion was featuredWhat is a good pay plan for a manager running an upstart BHPH store at a Franchised dealer.
I was asked to move from Director of Special Finance over 3 store to start our BHPH department. I know very little of how BHPH managers pay plans. Can some one give me direction so I can make the right decision.See More
Mike "BK" Anthony added a discussion to the group National BHPH Dealer Association
What is a good pay plan for a manager running an upstart BHPH store at a Franchised dealer.
I was asked to move from Director of Special Finance over 3 store to start our BHPH department. I know very little of how BHPH managers pay plans. Can some one give me direction so I can make the right decision.See More
Mike "BK" Anthony replied to Brandon Gonsalves's discussion Sub Prime best practices?"We do NOT deliver any vehicle Prime or SubPrime that need stips without said items! If a lenders call back requires stips we get them now even if the customer has to take the nesw car home to get them. With todays Internet most people can get their…"
Mike "BK" Anthony replied to Michael Clinton's discussion Is anyone successfully using Credit Acceptance Corp?"We use CAC and are one of the top dealers in Ohio. We average 35-40 deals in slow months and 55-65 in prime months. We close 3 - 4 pools a year which adds $125,000 to $150,000 a year to our bottom line. Additionally we add $17,000 to $23,000 a month…"
Mike "BK" Anthony joined Eric Milak's group
Credit Acceptance Dealers
This group is dedicated to helping existing Credit Acceptance dealers as a medium to share information, resources,tools as well as ask and answer questions. The goal is that by sharing this information best practices will be established in order to help grow your business and succeed with the Guaranteed Credit Approval program.See More
Brad Sutterfield replied to Mike "BK" Anthony's discussion How many collectors should we have per # of customers? in the group BHPH Solutions"I work for a web based dialing solution. If your are manually dialing, I agree with the other posts. If you are using a dialer you can double the amount of accounts per collector. This doesn't completely replace manual dialing but it greatly…"
Ben Misra (secondarypro) replied to Mike "BK" Anthony's discussion How many collectors should we have per # of customers? in the group BHPH Solutions"We have 2 collectors on 700 accounts. GPS/SID devices ROCK."
doug replied to Mike "BK" Anthony's discussion How many collectors should we have per # of customers? in the group BHPH Solutions"i'm a one person show and we have 300 plus accounts . The way you collect determines what you need. I'm proud to say we have 98 % 21 day Recency rate and the customers that havent paid are less than 10 days delenquent . I'd…"
Gene Daughtry replied to Mike "BK" Anthony's discussion How many collectors should we have per # of customers? in the group BHPH Solutions"Mike,
I have to say that the number you need depends on how you plan to operate you BHPH business. Underwriting is the key. If you are going to sign up everybody that fogs a mirror then you will need a collector for about every 150 accounts. If you…"
Mike "BK" Anthony added a discussion to the group BHPH Solutions
How many collectors should we have per # of customers?
We are thinking of going into BHPH/LHPH. What ration of collector to customers should I have?
Profile Information
- Company
- VanDevere Inc
- Position
- Secondary Finance Director
- Dealership, Allied Industry or Finance Company?
- Dealership
- If Dealership, Franchise or Independent
- Franchise
- Your web site
- http://vandevere.com
- Biography/Work Summary
- Run a secondary buying center for the VanDevere family consisting of 3 dealerships Chevrolet, Pontiac Buick KIA and a used car outlet.
- Favorite Quote
- If you choose not to decide, you've still made a choice.
- Activities Away From Work
- Family
- Birthday
- February 6
Mike "BK" Anthony's Blog
New Letter Ideas
Posted on March 25, 2009 at 3:27pm 8 Comments 0 Likes
I am looking at re inventing all my letters. I am looking for some good ideas for letters for the following.
1. Bankruptcy discharge.
2. Reference Letter.
3. Approved but not Sold letter.
4. Credit Acceptance Followup Letter.
If you have and and would like to share I would love to receive some.
mikea@vandevere.com
Thanks
Mike
330-253-8143 Fax
1. Bankruptcy discharge.
2. Reference Letter.
3. Approved but not Sold letter.
4. Credit Acceptance Followup Letter.
If you have and and would like to share I would love to receive some.
mikea@vandevere.com
Thanks
Mike
330-253-8143 Fax
Something I saw
Posted on March 9, 2009 at 4:38pm 2 Comments 0 Likes
Help ,,, when I fist signed on to this wonderful community I think I saw something about a program or application for the purchase of Credit Acceptance cars but I cannot find it right now, does anybody know of this program or where I read about it here?
Thanks
BK
Thanks
BK
Comment Wall (1 comment)
- At 6:12pm on April 28, 2011, Gene Daughtry said…
- Thanks for joining the group BHPH Solutons. You can always find good talented people on this site. I'll try to help you anyway I can.
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