Opening The BHPH Mailbag
Ryan Linnehan - Inadequate capitalization is a problem that can sink a dealer no matter how long they have been in business, but those that are newly entering the business are especially vulnerable...
Ryan Linnehan - Inadequate capitalization is a problem that can sink a dealer no matter how long they have been in business, but those that are newly entering the business are especially vulnerable...
Ryan Linnehan - I told them we were borrowing a term from the insurance industry and this was their “Book of Business” for which they were responsible. I encouraged them to go through every name in their book and they would find tons of gold nuggets...
Ryan Linnehan - One of the biggest lessons that we have had to learn the hard way over the years is that the very same down payments that tend to make this time of year so exciting can also lead to a false sense of security in underwriting...
We actually implemented what we called our “Repo Prevention Policy,” which listed in writing why we wanted to reduce our repos...
Having a BDC allows you to centralize, which ultimately results in more control...
We have talked before about the industry experts, state and national conventions, and trade publications available...
Ryan Linnehan - A strong call sheet is also something that you’ll never have a better opportunity to get than before the customer leaves with the car...
Ryan Linnehan - Most BHPH dealers understand that the way a deal is structured from the beginning can set a deal up for failure or success...
Ryan Linnehan - When assessing the customer’s ability to pay, don’t neglect to find out how many people are in the household...
Static pool analysis takes the loans written for a set period and track the results of those loans to their conclusion...
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