Scott Williams
  • Bowling Green, KY
  • United States
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Scott Williams's Discussions

Buy Here Pay Here Insurance carriers.

Started Nov 30, 2012 0 Replies

I have been with Scottsdale insurance for a few years.  Got a claim and they are doing everything not to pay. Looking for other carriers.  I know about Colony and Century.  Any other carriers that…Continue

Idea's on setting up your own program like TRS tax max

Started this discussion. Last reply by Aaron Hershey Oct 26, 2012. 8 Replies

I'm planning on implementing a program for our 4 lots that let customers count on their tax refunds today.  We will do this by basically deferring the down payment until 3/15.  We will probably make…Continue

 

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Scott Williams's discussion was featured

Buy Here Pay Here Insurance carriers.

I have been with Scottsdale insurance for a few years.  Got a claim and they are doing everything not to pay. Looking for other carriers.  I know about Colony and Century.  Any other carriers that you guys know of that accept buy here pay here. ThanksSee More
Nov 30, 2012
Scott Williams posted a discussion

Buy Here Pay Here Insurance carriers.

I have been with Scottsdale insurance for a few years.  Got a claim and they are doing everything not to pay. Looking for other carriers.  I know about Colony and Century.  Any other carriers that you guys know of that accept buy here pay here. ThanksSee More
Nov 30, 2012
Aaron Hershey replied to Scott Williams's discussion Idea's on setting up your own program like TRS tax max
"I have used TRS for the past 5-6 years. Let me know if you have any questions."
Oct 26, 2012
Matt Bary replied to Scott Williams's discussion Idea's on setting up your own program like TRS tax max
"I'm also very curios to see how those things work. I did signed up for the free webinar hosted by Tax Max, but also finds it a bit scary to give cars away and without having hard cold cash in my…"
Oct 24, 2012
IE Dream Motors replied to Scott Williams's discussion Idea's on setting up your own program like TRS tax max
"Does anyone have success with using the product last year?"
Oct 24, 2012
Scott Williams replied to Scott Williams's discussion Idea's on setting up your own program like TRS tax max
"Aaron, How many vehicles did you sell last year at tax time using the Tax Max system? How many 4th quarter deals did you do with Tax Max? Of those how many if any went bad?"
Oct 23, 2012
Aaron Hershey replied to Scott Williams's discussion Idea's on setting up your own program like TRS tax max
"If you've used TRS in the past, then your policies are just the same. It's all about hounding the customers all Jan/Feb to make sure you get the $.    "
Oct 22, 2012
Aaron Hershey replied to Scott Williams's discussion Idea's on setting up your own program like TRS tax max
"I see the point, we like TRS though, automated paperwork, built in estimator, and as long as I can get the customer to bring their W2's I know I'm getting the money. Still have a few that end up going to HR Block anyways, but as long as…"
Oct 22, 2012
Scott Williams replied to Scott Williams's discussion Idea's on setting up your own program like TRS tax max
"Used them last year and customers didn't like it. $299 fee plus all of our work plus still no guarantee.  I think we can simplify and save the customer and ourselves money.  All of the load for 4th quarter deals were put on the…"
Oct 22, 2012
Aaron Hershey replied to Scott Williams's discussion Idea's on setting up your own program like TRS tax max
"Why don't you actually USE TRS Tax Max? just wondering..."
Oct 22, 2012
Scott Williams replied to IE Dream Motors's discussion Foorplan New Independant Dealer
"Use them sparringly if possible but they will give floorplan to most anyone.  Their risk is hedged by a good used car market.  Back when I floorplanned it was 75-100 up front fee then 7-8 percent interest from day 1 plus a 30 day fee and…"
Oct 22, 2012
Scott Williams posted a discussion

Idea's on setting up your own program like TRS tax max

I'm planning on implementing a program for our 4 lots that let customers count on their tax refunds today.  We will do this by basically deferring the down payment until 3/15.  We will probably make them have $500 on date of sale, start payments immediately and then defer the what ever the full down payment is to be paid with their tax return. We are going to follow a lot of TRS policies and require a lot of the same forms and tax returns, etc.  We will have a promissary note (which is really…See More
Oct 22, 2012
Scott Williams replied to Ben Misra (secondarypro)'s discussion When Does A Finance Company Have Too Many Dealers ?
"That's crazy.. Usually they flip and bend over backwards for New Car dealers. BTW, Do you see Jeep W"
Jun 25, 2012
Scott Williams replied to Ben Misra (secondarypro)'s discussion When Does A Finance Company Have Too Many Dealers ?
"Hmmm...  Do any of your close competitors use them?   Could have a non compete agreement in a certain radius.  Even if so, they should still contact you.   Sometimes when a company gets large, their employees don't do their…"
Jun 21, 2012
Scott Williams replied to Eric Milak's discussion How are you doing Buy Here Pay Here
"If you have 250k in principal balance most will put bids in.  Mid atlantic, United acceptance, Sterling Credit, Southside, Westlake all will give you a bid.  Be aware, they will not pick all of your accounts.  On the 250k plan on them…"
May 6, 2012
Scott Williams replied to Eric Milak's discussion How are you doing Buy Here Pay Here
"Currently, I do not have a loan for my receivables, nor floorplan for my inventory(Thank GOD!).  I have a large line just not currently using it.  I have found it best after 6 months to sell my accounts and constantly concentrate heavily…"
May 2, 2012

Profile Information

Company
Southeast Auto
Position
Owner
Dealership, Allied Industry or Finance Company?
Dealership
If Dealership, Franchise or Independent
Independent
Your web site
http://ebay.com
Biography/Work Summary
10 years as wholesale dealer to buy here/pay here
3 years as buy here/pay here dealer.
Favorite Quote
Luck is when preparation meets opportunity.
Activities Away From Work
Traveling $$
Exotic cars $$$$$
Boating $$$$$$$$$$ down a big hole...
Birthday
June 5

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