"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…"
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%…"
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…"
"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,…"
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"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…"
"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…"
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.
Comment Wall (3 comments)
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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?
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.