"We have been in the buy here pay here business for a very long time. I have never really looked into CAC and don't know how it works exactly, but what I have found is it is very hard to make any type of money on most programs. …"
"Chris, thanks for bringing up your points. Its true, you are a dealer and the question was which one works best for you. While its good to hear all the points and perspectives, in the end I want to know which works best for dealers and…"
"Rod, do you work for autocheck? Can you tell me about it a bit. I am wondering about the marketing aspect of it. It seems that pulling a report of any kind, like you said, woud be helpful for a sale. Do autocheck…"
"I am confused about the auto check. I have never heard of auto check until recently. From what I am gathering from the responses auto check somehow gets announcements from auctions and then basically does the same thing as branding a title. Do they…"
"I know there are regulators who would regulate a business if they put trigger phrases or certain deceptive advertising in and ad. What about in our situation when an advertiser is doing stuff on their own. Who regulates that. "
"Justin it is through a spanish yellow page advertiser. I am trying not to post too much because right now they are suing us for a lot of money, much more than what the contract was for. I don't want to say too much or do too…"
"Hi Jim, I would love your advise on an issue. This is also something some of the readers should be aware of. In 2007 we contracted with an advertiser for a print ad and an internet ad. The print ad was fine, but the interenet ad was something…"
"I agree with a lot of the others. It tends to be hard to get money out of them. In our state I don't think it is very easy to garnish wages either. It can be a lot of work for nothing. We have used collection agencies for that type of thing and…"
"How many times have I heard "I talked with my attorney"? First of all I would find it hard to believe an attorney would take a case like this. If one did it was under false pretense and when the attorney hears the entire story it will…"
"The customer obtained the car through fraudulent means. Anything after that is immaterial. Your Retail Installment Contract should contain language to that effect (if you are using one of the major company contracts, I'm sure it does). Since,…"
Gene, Yeah I don't do $500 down anymore. I also don't charge for tax up front though either. I don't get anything if I do $500 down cause so much goes to taxes and the cost to repo eats up anything you may get up front. $500 downs are more likely to get repoed too. Its great that your numbers haven't changed. What State are you in? We aren't the only ones who have seen a decline so I know its not us. Many dealers are going out of business so I guess the good news is we are still here for now, just don't know for how much longer.
I always have tracked our numbers on a daily basis using previous years to follow. We are on our numbers in sales right now. I believe there will not be as much money from taxes this year because so many folks are "in a hole" worse that years before. We never have used set down payments here so we are doing our usual down numbers. I will sell anybody I approve if they have $500 down upfront. We use deferred downs to add to that. We average $1600 a deal in down.
You cannot guess on the devices. I used them at on place for a while....I cannot justify the expense. Knock on wood but I haven't lost a car in 5 years.
Has your selling been slower this month? We haven't been as busy as usual this month.