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Tuesday, August 14, 2007

Turn Your Auto Notes Into CASH!!

Buy Here Pay Here Dealers- We turn auto notes, auto paper, bulk portfolios into cash. Before you know it tax time will be here. Why not sell your seasoned auto portfolio for cash to buy new inventory now. Cars will be more expensive in the middle of tax return season. We can handle small auto portfolios of 10 or much larger pools in the millions. Fast turnaround time and quick funding.

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Thursday, April 19, 2007

We Pay Top Dollar for Auto Paper

FORD VEHICLES COMPARABLE TO TOYOTA, NISSAN IN QUALITY, STUDY SAYS:

Consumers might not believe it yet, but the quality of Ford, Lincoln and Mercury vehicles is about the same as that of Toyota and Nissan, according to the first- quarter 2007 model-year Global Quality Research System report by the RDA Group, a market research firm based in Bloomfield Hills. Ford, Lincoln, Mercury brand vehicles had 1,456 problems per 1,000 vehicles, compared with Nissan, which had 1,457 and Toyota, which had 1,453.

Detroit Free Press, April 18, 2007

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Tuesday, February 27, 2007

BHPH

BHPH Consultant Says Confusion over IRS Document Threatens Note Deals
Situation

Creditors could have problems w/ debt discharges on IRS 1099-C form
Says Ken Shilson, founder of National Buy-Here, Pay-Here Dealers

2006 rules raises questions if recovery activity can continue if form is filed

Significant Points

BHPH dealers who don't sell paper not affected

Only concerns creditors who purchased dealer paper

When creditor writes off bad debt, consumer must report amount as income

Sometimes IRS completely eliminates debt, prohibits further recovery action

Suggests dealers consult tax attorney to determine if they must report 1099-C

Also whether or not collection rights are surrendered

Read Quotes Click Here for Full Digest and Source Article:
http://www.automotivedigest.com/view_art.asp?articlesID=21584

Sourced From: Used Car News, February 19, 2007

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Saturday, February 17, 2007

Turn Your Auto Notes Into CASH!!

Finance Companies Still Wary of Independent Dealers

Situation

Finance companies, independent dealers discussed state of relations at National Automotive Finance Association conference

Credit companies still favor franchise dealers over independents

Independents seeking credit advised to tighten applicant screening

Focus more on financing vehicles than selling vehicles

Make sure they send right applicants to right finance companies

Significant Points

Drop in bankruptcies has reduced finance company losses

Companies reaching out to independent dealers in quest for business

But still worry about stability of independents

Say it's too easy for independents to just close up shop

Independents need to improve/streamline application process

Finance companies avoid dealers who waste their time

Read Quotes

Click Here for Full Digest and Source Article:
http://www.automotivedigest.com/view_art.asp?articlesID=21464

Sourced From: Used Car News, February 5, 2007

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www.autobulk.com

Saturday, February 10, 2007

Turn Your Auto Notes Into CASH!!

LATE BREAKING NEWS TOYOTA, GM TOP LIST FOR BEST OVERALL VALUE: Toyota Motor Corp. offers consumers the best selection of vehicles that retain their value over time and feature other ownership cost benefits, according to awards that will be announced today at the Chicago Auto Show. Toyota received 11 "Best Overall Value of the Year" awards, handed out by IntelliChoice.com, a car-shopping Web site. Lexus, Toyota's luxury brand, grabbed seven awards. General Motors Corp.'s Chevrolet brand came in a close second, with 10 awards, led by its new Silverado truck. Wall Street Journal

CHANGING THE FIVE HUNDRED TO TAURUS SHOWS MULALLY GETS FORD: If Alan Mulally hadn't stepped out of a Boeing jetliner, I'd be tempted to say he came down from the mount, sent to lead Ford from the wasteland with one simple command: "Tell me why." As in this question: "Why did we squander two decades of name recognition and millions of customers' loyalty by killing the Taurus name?" Detroit Free Press

TOP EXEC SAYS GM WILL STAY THE COURSE: General Motors Corp. won't budge from its strategy of reducing rebates and other incentives just because it saw a steep sales drop in January, a top executive said Saturday. GM's sales were off 16.6 percent compared with January 2006, but the company will continue its efforts to raise transaction prices and car resale values, Troy Clarke, GM's North American president, said in an interview. LA Times

ECONOMIC SLOWDOWN IMPACTING RETAIL DEMAND, WHOLESALE PRICES: A slowing economy and weak retail demand combined late last year to cause a year-over-year decline in wholesale vehicle prices in the last two months of 2006 according to the latest issue of Pulse released today by ADESA Analytical Services. The report, which provides a periodic review of economic indicators in the vehicle remarketing industry, also notes that the employee discounts widely available in 2005, also impacted the current vehicle marketplace in several ways. ADESA

MANHEIM CONSULTING RELEASES '07 USED CAR MARKET REPORT: Despite a modest decline in retail used vehicle sales volume in 2006, activity in the wholesale market was at its strongest level in years, Tom Webb, Manheim's chief economist explained this weekend as he unveiled Manheim's 2007 Used Car Market Report at the National Auto Dealers Association's convention. Auto Remarketing

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Saturday, February 03, 2007

Turn Your Auto Notes Into CASH!!

2007 Vehicle Finance Conference and Exposition
Henderson, NV
January 31 - February 2, 2007
J.D. Power and Associates Automotive Roundtable
Las Vegas,NV
February 1-2, 2007 9th
Annual Michigan International Auto
ShowGrand Rapids, MI
February 1-4, 2007
12th Annual Spirit of Leadership Awards
Las Vegas, NV
February 3 - February 3, 2007
NADA Convention and Exposition
Las Vegas, NV
February 3-6, 2007
Visit Calendar of Industry Events for More Information on These Events http://www.automotivedigest.com/calendar.asp?mod=calendar
We turn auto notes into CASH!!
www.autobulk.com

Friday, January 12, 2007

Tax Refunds Key To Extra Sales

Tax Refunds Key To Extra Sales

New year has just begun, and 2007 tax season may be almost over

Retailers competing for consumers' tax refund money

Dealers begin stocking lots for tax season in early fall; consumers start shopping in Oct

Busiest day for Tax Refund Services Tax Max the day after Thanksgiving for processing promissory contracts

Tax Max expected to process 100+ applications each day in Dec

Did 3.5K deals by Nov 30, 2006, compared to 3K by Nov 30, 2005

Significant Points :

Dealers need to get in as quickly as possible

End-of-year activity expected to impact 1st quarter sales

Dealers advertising ability to sell cars using promissory contracts

Selling cars on consumer promise to pay when refund received can be risky

Less than 10% of consumers fail to return; still significant loss to small dealers

More interest from franchise dealers who can take gamble for extra sales

Read QuotesClick Here for Full Digest and Source Article:

http://www.automotivedigest.com/view_art.asp?articlesID=21179

Sourced From: Used Car News, January 1, 2007

We buy auto paper, turn your auto notes in to cash, call us today.
Financial Solutions
615-414-6708