The newly introduced Consumer Automotive Resource and Safety (CARS) rule by the Federal Trade Commission (FTC) aims to combat scams and deceptive practices in vehicle shopping, particularly within the used car market. It mandates increased transparency and disclosure requirements for automotive dealers, ensuring that consumers have access to comprehensive information....
In today’s fast-paced world, managing your CPI (Collateral Protection Insurance) needs can be a daunting task. But what if there was a solution that could streamline this process? Enter Deal Pack, a comprehensive tool designed to handle all your CPI needs efficiently and effectively. Instant Communication One of the standout....
GPS devices and Starter Interrupt devices are becoming increasingly essential for BHPH and Finance Companies. These devices are a cost-effective way to protect assets, increase collections, and lower overall loss rates. With active GPS units, sold and unsold vehicles can be located at any time, with pinpoint accuracy. This is....
In the subprime market, loan collectors often face the difficult decision of whether they should be collecting partial payments from borrowers. On one hand, it can be seen as a way to recover some funds and potentially improve the borrower's financial situation. On the other hand, there are risks and....
If you are a dealership or a finance company that sells products such as GAP insurance, service contracts, credit life insurance, or other ancillary products, you may be wondering how to handle the situation when a customer pays off their loan early or trades in their vehicle. In this blog,....
The world of automotive sales can be a lucrative one, but it's also heavily regulated to protect both dealers and consumers. One facet of this industry that often requires careful consideration is the sale of "as-is" cars. These transactions, where dealers sell vehicles without warranties, come with their own set....
User conferences have become increasingly popular in recent years, and for good reasons! These events bring together users of a particular product, service, or technology and provide a platform for them to learn, share, and network with others in their industry. Whether you're a business owner, a collections manager, controller,....
Interest is a fundamental component of financing in the Buy Here Pay Here (BHPH) industry, where dealerships provide in-house financing for vehicle purchases. When it comes to calculating and understanding interest, two common methods are used: simple interest and add-on interest. Simple Interest: Transparency and Cost-Efficiency Simple interest is a....
Buy Here Pay Here (BHPH) dealerships have carved out a unique niche in the used car market by offering in-house financing to customers with poor credit or limited financial means. While these businesses can be profitable, they also face a range of challenges that make running them a tough endeavor.....
Deal Pack seamlessly integrates with many popular GPS companies. GPS tracking provides many advantages from asset management to customer safety, however, there are some ethical and legal limitations on how GPS’s can be used at your dealership. To avoid any state-to-state differences, this blog will describe federal laws. Disclaimer: This....
ABCoA is a Software-as-a-Service company dedicated to the subprime industry. Our cloud-native ecosystem handles every part of business operations - improving productivity, security and accuracy, while consolidating vendors and reducing costs.
Since 1983, ABCoA has helped buy here pay here used car dealerships and subprime finance companies eliminate duplication, remain compliant, and achieve success with complete, customer-driven software and dependable support. Customers properly using Deal Pack have never lost an IRS audit.
Recently awarded Top Online Accounting Software for Deal Pack, ABCoA continuously elevates the standard for software in the subprime industry and helps customers grow through our commitment to quality, innovation, and service. Headquartered in Jacksonville, Florida with employees across four states, we remain family-owned and operated.
To learn more about ABCoA, visit www.abcoa.com.
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