"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. …"
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Help. Need Advise about a Heat Case.
Started this discussion. Last reply by Gene Daughtry May 10, 2010. 4 Replies 0 Likes
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Tina Faucette replied to Michael Clinton's discussion Is anyone successfully using Credit Acceptance Corp?Tina Faucette replied to Karl Jensvold's discussion Auto Check or Car Fax? Which one works better for you?"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…"
Tina Faucette replied to Karl Jensvold's discussion Auto Check or Car Fax? Which one works better for you?"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…"
Tina Faucette replied to Karl Jensvold's discussion Auto Check or Car Fax? Which one works better for you?"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…"
Tina Faucette commented on Jim Radogna's blog post Is Your Website Provider Watching Your Back?"Yes, I plan on letting everyone know as long as it won't hurt our case. Thanks Jim."
Tina Faucette commented on Jim Radogna's blog post Is Your Website Provider Watching Your Back?"Thanks Justin. "
Tina Faucette commented on Jim Radogna's blog post Is Your Website Provider Watching Your Back?"I may try again
"
Tina Faucette commented on Jim Radogna's blog post Is Your Website Provider Watching Your Back?"Thanks Justine. Contact AG before and never really heard much about it. I think most of these agencies do something only if they get a lot of complaints. "
Tina Faucette commented on Jim Radogna's blog post Is Your Website Provider Watching Your Back?"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. "
Tina Faucette commented on Jim Radogna's blog post Is Your Website Provider Watching Your Back?"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…"
Tina Faucette commented on Jim Radogna's blog post Is Your Website Provider Watching Your Back?"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…"
Tina Faucette replied to James Paddock's discussion Voluntary Repo's in the group BHPH Solutions"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…"
Gene Daughtry replied to Tina Faucette's discussion Help. Need Advise about a Heat Case."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…"
Alan Mosher replied to Tina Faucette's discussion Help. Need Advise about a Heat Case."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,…"
Profile Information
- Company
- Harrison Motors
- Position
- Officer
- Dealership, Allied Industry or Finance Company?
- Dealership, Allied Industry, Finance Company
- If Dealership, Franchise or Independent
- Independent
- Your web site
- http://www.harrisonmotors.com
- Biography/Work Summary
- Hi, my husband and I have been running our dealership for the past 20 years. We do in house financing. I also sell gps trackers for asset collection for GPS Vehicle Finder.
- Favorite Quote
- "Now that I know you are serious about me making my payments, can I get my car back?"
My first repo for the month.
My favorite quote will change as I hear them.
- Birthday
- July 6
Comment Wall (4 comments)
- At 11:51am on January 20, 2010, Tina Faucette said…
- 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.
- At 11:02am on January 20, 2010, Gene Daughtry said…
- Tina,
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.
- At 7:15pm on February 13, 2009, Gene Daughtry said…
- 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.
- At 6:36pm on February 13, 2009, Gene Daughtry said…
- Tina,
What ACV to you sell? How have your collections been since the summer?
Are you putting a GPS on every car?
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