Hands-On Training!
Learn first-hand all of the key financial and operational aspects of running a successful BHPH operation, and use the BHPH "Best Practices" you learn to increase your profits!
Attendees will receive
• Comprehensive Procedures Manual
• Employee Handbook
• Projection Software
• Tour of all iCars facilities
CALL NABD AT 832-767-4759 FOR INFORMATION
autonotebuyer.net
Thursday, March 20, 2014
Establishing the Market Value of a BHPH Auto Note
Establishing the Market Value of a BHPH Auto Note
BHPH Notes
•Every note, or contract has a unique market value.
•The market value of a note is the highest cash price an informed and proactive seller can sell it for on the open market.
•The market value of a note will be somewhat less than the outstanding principal balance remaining on it.
•The market value of a note is inversely related to the general interest rate environment.
•There are a number of important factors that determine the market value of a note.
◦The type of collateral
◦The value of the collateral
◦The amount of owner’s down payment
◦The current note balance
◦The interest rate
◦The number of payments made and remaining
◦Your experience receiving payments
http://sellautonotes.com/
BHPH Notes
•Every note, or contract has a unique market value.
•The market value of a note is the highest cash price an informed and proactive seller can sell it for on the open market.
•The market value of a note will be somewhat less than the outstanding principal balance remaining on it.
•The market value of a note is inversely related to the general interest rate environment.
•There are a number of important factors that determine the market value of a note.
◦The type of collateral
◦The value of the collateral
◦The amount of owner’s down payment
◦The current note balance
◦The interest rate
◦The number of payments made and remaining
◦Your experience receiving payments
http://sellautonotes.com/
Tuesday, March 18, 2014
Finance Company Repo Rates at Highest Point Since 2010
SCHAUMBURG, Ill. -
Experian Automotive found that fourth quarter repossession rates at what analysts categorize as finance companies — operations that do not hold commercial deposits but make vehicle loans — rose to their highest point since 2010.
Fourth quarter repo rates for finance companies — which often cater to subprime buyers — jumped 76.3 percent year-over-year to 2.84 percent, according to Experian’s most recent State of the Automotive Finance Market report. That level is more than triple the industry average, which climbed by 42.8 percent to 0.65 percent in Q4.
##
We Turn Auto Notes Into Cash!
sellautonotes.com
Experian Automotive found that fourth quarter repossession rates at what analysts categorize as finance companies — operations that do not hold commercial deposits but make vehicle loans — rose to their highest point since 2010.
Fourth quarter repo rates for finance companies — which often cater to subprime buyers — jumped 76.3 percent year-over-year to 2.84 percent, according to Experian’s most recent State of the Automotive Finance Market report. That level is more than triple the industry average, which climbed by 42.8 percent to 0.65 percent in Q4.
##
We Turn Auto Notes Into Cash!
sellautonotes.com
Ally Names Dealer Services CEO
Ally Financial Inc. has named Jeffrey Brown, currently senior executive vice president of finance and corporate planning, to the role of president and CEO of the dealer financial services business.
In this role, Brown will have oversight for the company's leading automotive finance, insurance and auto servicing operations. He will continue to report to Ally CEO Michael A. Carpenter.
sellautonotes.com
Monday, March 17, 2014
CFPB Names Assistant Director
The Consumer Financial Protection Bureau has named an assistant director for the division that oversees auto finance.
Jeffrey Langer has joined the CFPB as the assistant director of installment and liquidity lending markets in the Bureau’s Research, Markets, and Regulations Division.
sellautonotes.com
Jeffrey Langer has joined the CFPB as the assistant director of installment and liquidity lending markets in the Bureau’s Research, Markets, and Regulations Division.
sellautonotes.com
Thursday, March 13, 2014
Used Vehicle Values Stay Strong
Used vehicle model years 2008-2012 overall depreciated 1.1 percent in February, showing stronger seasonal retention compared to the 1.9 percent rate in January.
According to Black Book data, domestic cars depreciated 0.6 percent; import cars were down 1.1 percent; domestic trucks were flat; and import trucks were down 1.5 percent. Average pre-recession depreciation is historically between 1 percent and 2 percent monthly, and Black Book expects overall 2014 depreciation of 13.5 percent
Used Car Values
According to Black Book data, domestic cars depreciated 0.6 percent; import cars were down 1.1 percent; domestic trucks were flat; and import trucks were down 1.5 percent. Average pre-recession depreciation is historically between 1 percent and 2 percent monthly, and Black Book expects overall 2014 depreciation of 13.5 percent
Used Car Values
CFPB Names New Regulator to Oversee Auto Finance
CFPB Names New Regulator to Oversee Auto Finance
WASHINGTON, D.C. — More than eight months after Rick Hackett left the Consumer Financial Protection Bureau, the agency tapped a replacement regulator on Wednesday whose main jurisdiction is the auto finance market.
sellautonotes.com
Wednesday, March 12, 2014
Subprime Shoppers Opt for Kia
CarFinance.com released data on the Top 10 new and used vehicle choices for its below-prime car buyers for 2013.
Based on CarFinance.com's full year 2013 financing data, the list of most purchased vehicles diverges completely from the overall Top 10 selling vehicles in the U.S. Kia, a brand known for affordable, fuel efficient vehicles, dominates the below-prime new vehicle list.
subprime buyers
Based on CarFinance.com's full year 2013 financing data, the list of most purchased vehicles diverges completely from the overall Top 10 selling vehicles in the U.S. Kia, a brand known for affordable, fuel efficient vehicles, dominates the below-prime new vehicle list.
subprime buyers
Subprime Shoppers Opt for Kia
CarFinance.com released data on the Top 10 new and used vehicle choices for its below-prime car buyers for 2013.
Based on CarFinance.com's full year 2013 financing data, the list of most purchased vehicles diverges completely from the overall Top 10 selling vehicles in the U.S. Kia, a brand known for affordable, fuel efficient vehicles, dominates the below-prime new vehicle list.
Based on CarFinance.com's full year 2013 financing data, the list of most purchased vehicles diverges completely from the overall Top 10 selling vehicles in the U.S. Kia, a brand known for affordable, fuel efficient vehicles, dominates the below-prime new vehicle list.
Tuesday, March 11, 2014
Chrysler IDs Stalling Problem
Chrysler IDs Stalling Problem
Chrysler identified a condition in model year 2005-06 Chrysler 300, Dodge Charger and Magnum vehicles equipped with 5.7L and 6.1L 8-cylinder Hemi engines that may result in engine stall after refueling when the vehicle is stopped or traveling at low speeds.
sellautonotes.com
Chrysler identified a condition in model year 2005-06 Chrysler 300, Dodge Charger and Magnum vehicles equipped with 5.7L and 6.1L 8-cylinder Hemi engines that may result in engine stall after refueling when the vehicle is stopped or traveling at low speeds.
sellautonotes.com
Monday, March 10, 2014
Carfax Adds Vehicle Listings
Carfax Adds Vehicle Listings
Carfax has added vehicle listings to its website.
At carfax.com, online shoppers now can search for used cars with specific vehicle history details – such as no accidents reported to Carfax, service records and Carfax 1-Owner.
Carfax has added vehicle listings to its website.
At carfax.com, online shoppers now can search for used cars with specific vehicle history details – such as no accidents reported to Carfax, service records and Carfax 1-Owner.
Friday, March 07, 2014
Audi Opens Largest Store In Country
HOUSTON — On Thursday, Audi cut the ribbon on its largest store in the nation, Audi Central Houston. The new flagship store boasts a more than 142,000-square-foot facility, which houses a 10-car showroom.
“Houston, along with the entire state of Texas, remains a high priority region in the Audi U.S. growth strategy. The opening of Audi Central Houston indicates considerable progress toward our goal of becoming the country’s top luxury automaker,” said Mark Del Rosso, executive vice president and COO of Audi of America. “This new dealership exemplifies the growing investment of our dealer body and will lead by example by providing benchmark levels of customer and ownership experience.”
Read more at fi-magazine.com
sellautonotes.com
“Houston, along with the entire state of Texas, remains a high priority region in the Audi U.S. growth strategy. The opening of Audi Central Houston indicates considerable progress toward our goal of becoming the country’s top luxury automaker,” said Mark Del Rosso, executive vice president and COO of Audi of America. “This new dealership exemplifies the growing investment of our dealer body and will lead by example by providing benchmark levels of customer and ownership experience.”
Read more at fi-magazine.com
sellautonotes.com
Wednesday, March 05, 2014
Sell Auto Notes in three simple steps
How invoice factoring works – in three simple steps.
1. A dealer sells a car and finances it in house for a client and prepares a contract to issue to their customer.
2. The dealr then sends 10 or morecontracts to an invoice factoring company in return for a percentage of the value of the bill.
3. The invoice factoring company collects the money that was due to you in the contract.
http://www.delicious.com/crosbyru/sell
1. A dealer sells a car and finances it in house for a client and prepares a contract to issue to their customer.
2. The dealr then sends 10 or morecontracts to an invoice factoring company in return for a percentage of the value of the bill.
3. The invoice factoring company collects the money that was due to you in the contract.
http://www.delicious.com/crosbyru/sell
Invoce Factoring for BHPH Dealers
Since the economic downturn in 2008, Auto Dealers across the country have sometimes found it hard to find the funds they need to grow.
Banks won’t lend and cash flow is hard to come by. That’s where invoice finance comes in.
What exactly is invoice finance? How does it work? How can invoice factoring help a business to grow? Who uses invoice finance? Let’s take a look:
What is invoice factoring?
Invoice Factoring
Invoice finance raises money against unpaid invoices. It means businesses can get an agreed cash lump sum in return for an invoice they’re yet to issue to a client.
Using an invoice as the asset, as opposed to assets or future earnings, invoice finance means you can receive up to 95% of the invoice’s value.
How invoice factoring works – in three simple steps
1. A company performs a service for a client and prepares an invoice to issue to their customer.
2. The company then sends the invoice to an invoice factoring company in return for a percentage of the value of the bill.
3. The invoice factoring company collects the money that was due to you in the invoice.
Who uses Invoice Factoring?
The popular stereotype of a business that uses invoice finance is the small enterprise, existing from day to day and needing quick cash flow to meet its costs. However, the reality is somewhat different.
Invoice finance is used by small and large businesses in a wide range of industries, including:
• Logistics
• Wholesalers
• Creative agencies
• Engineering
• Recruitment
• Acquisitions and management buyouts
Whether it’s to finance investment, buy essential kit, restructure your company or to alleviate cash flow problems, invoice finance is used by many thousands of growing businesses.
The history of invoice factoring
Factoring came to gained popularity in the United States in the 1900's
In 1955 the US factoring volume was 3.7 billion
It skyrocketed in popularity during the ‘boom’ years of the early and mid-2000s. However, it was after the credit crunch of 2008 – when securing funding from traditional banks became increasingly hard – that cash-strapped businesses would use invoice factoring as a way of raising finance.
Thanks to increasing economic confidence, banks are slowly becoming less reluctant to lend money to businesses and invoice finance remains a very popular way for businesses to raise money – for a wide array of reasons.
Why is invoice factoring so popular?
• It’s flexible – businesses in need of cash flow can tap into as much, or as little, money as they currently have lying about in unpaid finances.
• It’s easy to access – all you need is ten or more unpaid invoices to access cash funds.
• Anyone can use it – you don’t need to justify your finance through your company’s accounts or a credit score.
• It doesn’t involve assets – your invoices are your assets. You don’t have to put fixed assets on the line to secure funding.
• It’s quick – you can access cash often within a few days.
How is invoice finance different to invoice discounting?
Although invoice finance and invoice discounting both tap into the cash flow found in invoices, they aren’t the same.
Invoice finance assumes all responsibility to the factoring company once the cash has been cleared. So it’s the factoring company’s duty to chase payment from the client and their problem if the client decides to try and dodge the payment.
However, invoice discounting keeps a lot of the responsibility in the court of the business to whom the debt is owed. An invoice discounting business will merely supply money to a business in trust that they will be repaid once the invoice had cleared.
Whereas invoice finance is more of a ‘payment’ for the slightly larger sum tied up in the invoice, discounting is a loan against the value of the invoices that are owed – just like a mortgage provider will take into consideration your future earnings from employment before issuing a loan.
Talk toFinancial Solutions about invoice factoring today
At Financial Solutions, we’ve been helping businesses to grow on their terms with invoice factoring services for years. Whether you’d like to invest and take your company to the next level or find a way to tap into the value stored away in unpaid invoices, we can help.
Invoice Factoring
Call us today! We Turn Auto Notes Into Cash!
615-414-6708
Banks won’t lend and cash flow is hard to come by. That’s where invoice finance comes in.
What exactly is invoice finance? How does it work? How can invoice factoring help a business to grow? Who uses invoice finance? Let’s take a look:
What is invoice factoring?
Invoice Factoring
Invoice finance raises money against unpaid invoices. It means businesses can get an agreed cash lump sum in return for an invoice they’re yet to issue to a client.
Using an invoice as the asset, as opposed to assets or future earnings, invoice finance means you can receive up to 95% of the invoice’s value.
How invoice factoring works – in three simple steps
1. A company performs a service for a client and prepares an invoice to issue to their customer.
2. The company then sends the invoice to an invoice factoring company in return for a percentage of the value of the bill.
3. The invoice factoring company collects the money that was due to you in the invoice.
Who uses Invoice Factoring?
The popular stereotype of a business that uses invoice finance is the small enterprise, existing from day to day and needing quick cash flow to meet its costs. However, the reality is somewhat different.
Invoice finance is used by small and large businesses in a wide range of industries, including:
• Logistics
• Wholesalers
• Creative agencies
• Engineering
• Recruitment
• Acquisitions and management buyouts
Whether it’s to finance investment, buy essential kit, restructure your company or to alleviate cash flow problems, invoice finance is used by many thousands of growing businesses.
The history of invoice factoring
Factoring came to gained popularity in the United States in the 1900's
In 1955 the US factoring volume was 3.7 billion
It skyrocketed in popularity during the ‘boom’ years of the early and mid-2000s. However, it was after the credit crunch of 2008 – when securing funding from traditional banks became increasingly hard – that cash-strapped businesses would use invoice factoring as a way of raising finance.
Thanks to increasing economic confidence, banks are slowly becoming less reluctant to lend money to businesses and invoice finance remains a very popular way for businesses to raise money – for a wide array of reasons.
Why is invoice factoring so popular?
• It’s flexible – businesses in need of cash flow can tap into as much, or as little, money as they currently have lying about in unpaid finances.
• It’s easy to access – all you need is ten or more unpaid invoices to access cash funds.
• Anyone can use it – you don’t need to justify your finance through your company’s accounts or a credit score.
• It doesn’t involve assets – your invoices are your assets. You don’t have to put fixed assets on the line to secure funding.
• It’s quick – you can access cash often within a few days.
How is invoice finance different to invoice discounting?
Although invoice finance and invoice discounting both tap into the cash flow found in invoices, they aren’t the same.
Invoice finance assumes all responsibility to the factoring company once the cash has been cleared. So it’s the factoring company’s duty to chase payment from the client and their problem if the client decides to try and dodge the payment.
However, invoice discounting keeps a lot of the responsibility in the court of the business to whom the debt is owed. An invoice discounting business will merely supply money to a business in trust that they will be repaid once the invoice had cleared.
Whereas invoice finance is more of a ‘payment’ for the slightly larger sum tied up in the invoice, discounting is a loan against the value of the invoices that are owed – just like a mortgage provider will take into consideration your future earnings from employment before issuing a loan.
Talk toFinancial Solutions about invoice factoring today
At Financial Solutions, we’ve been helping businesses to grow on their terms with invoice factoring services for years. Whether you’d like to invest and take your company to the next level or find a way to tap into the value stored away in unpaid invoices, we can help.
Invoice Factoring
Call us today! We Turn Auto Notes Into Cash!
615-414-6708
Vehicle Leasing Reaches Record
Experian Automotive announced that more consumers are choosing to lease vehicles, bringing the share of new vehicles financed with a lease to its highest level since the company began publically reporting the data in 2006.
According to its latest State of the Automotive Finance Market report, Experian Automotive found that 28.4 percent of all new vehicles financed were leases in the fourth quarter, up from 24.8 percent the previous year.
sellautonotes.com
According to its latest State of the Automotive Finance Market report, Experian Automotive found that 28.4 percent of all new vehicles financed were leases in the fourth quarter, up from 24.8 percent the previous year.
sellautonotes.com
MO AG Sues Dealers for Missing Titles
AG Sues Dealers for Missing Titles
The Missouri Attorney General’s office filed seven civil lawsuits and two criminal cases against car dealers and financers in Springfield, St. Louis, Lee’s Summit, and Ozark, for failing to provide titles for sold vehicles as required by law.
Investigators from the attorney general’s office, following up on consumer complaints, identified a number of cases in which dealers failed to pay financing companies for cars sold to Missouri consumers. As a result, the financing companies refused to relinquish title to the vehicles, and the consumers were left having paid for cars they did not legally own and therefore could not legally register.
sellasutonotes.com
The Missouri Attorney General’s office filed seven civil lawsuits and two criminal cases against car dealers and financers in Springfield, St. Louis, Lee’s Summit, and Ozark, for failing to provide titles for sold vehicles as required by law.
Investigators from the attorney general’s office, following up on consumer complaints, identified a number of cases in which dealers failed to pay financing companies for cars sold to Missouri consumers. As a result, the financing companies refused to relinquish title to the vehicles, and the consumers were left having paid for cars they did not legally own and therefore could not legally register.
sellasutonotes.com
Tuesday, March 04, 2014
2014 BHPH Bootcamp! NABD - Want to Turn Your Auto Notes Into Cash?
Don't miss the 2014 BHPH Bootcamp! NABD is offering hands-on training at
a BHPH car lot in Charlotte, NC.
Instructed by Ken Shilson & Ingram Walters. For more information contact NABD 832-767-4759
http://bhphinfo.com/bootcamp-jan-2014.php
615-414-6708
Sell auto notes
Instructed by Ken Shilson & Ingram Walters. For more information contact NABD 832-767-4759
http://bhphinfo.com/bootcamp-jan-2014.php
Financial Solutions
Offering great pricing, fast funding. Call today and see how EZ it is to turn your Auto Notes Into Cash!615-414-6708
Sell auto notes
Subscribe to:
Posts (Atom)
