"David, you couldn't find two better people than Gene and Greg to answer that question but if it matters, here is my 26 years worth. I started doing subprime, like Greg, back in the early 90's. Only then it was called, Secondary…"
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Shawn Foster's Groups
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Latest Activity
Shawn Foster replied to GUSTAVO MONTERO's discussion Fair front and back-end profit split in a small-medium size dealership?"In todays used car business, there is no room for three managers and one salesman. You can call them whatever you want but everyone's pay sh"
Shawn Foster replied to John's discussion How Would i know if i need a F&I manager?"John
I have been in the business for 26 years, the last 10 as an owner of a used car dealership. We sell 20-25 cars per month as well and could not survive without a finance manager. I will assume the reason you are only financing 20%…"
Shawn Foster replied to Jay Smith's discussion Simulcast on Ipad"Jay
As a person who owns both and iPad and an Macbook, I will tell you to start with a Macbook. I run a software company as well as my dealership from my Macbook, I could not do that from my iPad. Its not so much that you couldn't run the…"
Shawn Foster replied to Chuck Benkiel's discussion New Car mini deals"I will side with Jayme. Even as an owner I would have a hard time paying someone $100 to do a deal start to finish. I am a used dealer in NW Indiana and we pay $200 for a mini deal. If a family of 4 were to go to dinner in Chicago,…"
Shawn Foster joined Tom Herald's group
Automotive Special Finance Association
The ASFA is a group of automobile dealers, lenders, industry vendors and other proessionals who are dedicated to improving sales operations through networking and sharing ideas, best practices and lessons learned.
Shawn Foster replied to Gary R. Bergeron's discussion Sub-prime"Gary. There are lots of lenders out there that dont keep 40%. Who are you currently using in the Finance office?"
Shawn Foster replied to Harlene Doane's discussion Finance Company with Large Advances in the group Auto Finance Companies"Excellent program once you learn it. I tell my customers if Heritage wont approve you, you probably shouldnt be driving. They do advance 165% but it is a discount of $2500. I do 6-10 of these deals a month and love the program for all of your low…"
Shawn Foster replied to Greg Goebel's discussion The Chrysler Cut List"Some friends of mine are on the list. My prayers go out to you and your employees. Nobody deserves this."
Shawn Foster commented on Stanley N Esposito's blog post Sales is a tough racket"Congratulations Stan, a great story. Your's echos what I have told salespeople for years, in that desire and effort will overcome "car experience", every time. Best of luck"
Shawn Foster replied to KARONEL PLOTT's discussion WESTLAKE FINANCIAL in the group Used Vehicle Group"The problem with the program is the need to enter the info into a second or third system. If you are on dealertrack or any other system that manages your deals you have to turn around and re-enter the info into the westlake system. You cant get a…"
Shawn Foster commented on Jenny Murphy Bloodworth's blog post One Dealer Testifies on Capitol Hill for Thousands -- There's Still Time to Get Your Voice Heard"Bob & Mary
As usual, through your actions. The two of you have shown why you are truly a class act. Great job with the phone calls Mary, my wife was so impressed.
Shawn"
Profile Information
- Company
- Car Nation
- Position
- President - Owner
- Dealership, Allied Industry or Finance Company?
- Dealership
- If Dealership, Franchise or Independent
- Franchise
- Your web site
- http://carnationautos.com
- Biography/Work Summary
- Pre-owned dealer for the last 6 years. Spent the previous 15 years as a new car dealer. Worked as the General Manager for Dan Young Chevrolet / Indianapolis for 12 years including 2 for Penske after a UAG buyout.
- Activities Away From Work
- I love to spend time with my wife and 2 boys, 15 and 10. When we are not in Indiana we spend as much time as possible at our place in Orlando Florida.
- Birthday
- July 13
Comment Wall (3 comments)
- At 8:52am on February 27, 2009,
Charlie Hernandez said… - Hi Shawn,
What do you mean keep the business out of it. Do you mean just use my personal strenght to obtain a working cap. loan. What do you do when the bank says that's great, you have great credit and you have good creds but how do you plan to pay it back? Is there any sba loan programs that you might know that once they find out you're a dealer won't run away from you?
- At 11:37am on February 24, 2009,
Lisa Soller said… - I looked up your dealership in our system, and it appears you were with ACC for quite some time until June 2008. ACC has some new programs that I believe you would find of great value in these struggling economic times. ACC does have a new dealer agreement you would need to sign (as the last one was signed 6 years ago) and we do have a $595 reactivation fee. If you are still interested, please call me at 248-945-9300 ext. 1151 so we can get you on board.
- At 9:24am on February 17, 2009,
Greg Goebel said… - Go Boilers! Shawn, great to have you aboard ADP! You have been on my mind a lot. How is business? Service pulling you through this?
© 2013 Created by Greg Goebel.
