Recent News
Chase Opens Custom Auto Finance Center in Richmond, Virginia
Chase Auto Finance recently expanded its presence in the Southeast by opening a full-service Custom Finance Business Center in Richmond, Va., to help area auto dealers provide financing solutions for sub-prime customers buying new and used vehicles.
Frank Myers Auto Named Number One Small Business In North Carolina
Frank Myers Auto Maxx, a cutting-edge used car dealership in North Carolina, has been recognized as the number one small business for 2009-2010 by Business Leader magazine, a leading business publication focused on the companies, leaders and trends in the North Carolina business community.
OPENLANE Adds New Features to its Online Wholesale Auction Site in the U.S.; Launches OPENLANE.ca in Canada
OPENLANE, Inc., a leading online auction company in North America for automotive dealers to buy and sell wholesale vehicles today announced that it has made significant enhancements to its U.S. open auction site, www.openlane.com, and has launched a new auction site for Canadian customers, www.openlane.ca.

Finance Company Insight
Mid-Atlantic Finance Company - A True Partner in Buy Here Pay Here
Mid-Atlantic Finance Company (MAF) is a company ready to leverage its 21 years in the industry to help BHPH dealers make the most of their portfolios, whether that means account servicing, portfolio acquisitions or even the purchase of GPS devices.
Santander USA Expands Drive Program
Late 2008 and early 2009 brought news of finance companies tightening their guidelines and shrinking originations, and with NADA values not keeping up with market values, landing profitable special finance deals has been a challenge for many dealers.
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Today's Features
Why Now is the Best Time to Invest in Your Subprime Department
Brandon-David Dorta - With 40 percent of Americans qualifying as having poor credit, how can you as a dealer afford not to invest in your dealership’s subprime department? Having been in the business since 2003, I have seen the best of times and I have seen the worst of times, and now is the time to invest in your subprime department because we are on the verge of a best-of-times scenario.
Finding Capital
Gene Daughtry - This is probably the single most pressing issue for almost any business during the last three years. Where can you find capital? Finding capital for a BHPH operation is especially difficult due to the nature of the business itself.
Department Spotlight
Planet Ford: The Mother Ship of the World Class Automotive Organization
Over the last year or so, many dealerships have dialed back their special finance operations or given up on them altogether, but not Planet Ford, a World Class Automotive Organization (WCAO) dealership in Spring, Texas.
Experience and Evolution Lead Kinsel Motors into 2010
In Beaumont, Texas, more than eight years in the trenches coupled with smart decision-making has kept special finance at Kinsel Ford Lincoln Mercury Mazda alive and well. Much of the dealership’s success is a result of the special finance department’s strong foundation.
Behind the Scenes
RoadLoans: A New Kind of Lead Program
RoadLoans is a combination of a lead program and a finance program. Dealers belonging to the program’s Preferred Dealer Network pay a subscription rate for a group of leads (no per-lead fees) to receive exclusive leads on near-prime and non-prime customers, and each lead comes with a built-in offer of financing from RoadLoans, a division of Santander Consumer USA.
BHPH Dealers Gain a New Advantage with Zoombak’s Locate Assist™
Zoombak®, a leading provider of GPS tracking devices, recently announced the launch of Locate Assist™, a new feature for the company’s buy here pay here product, Zoombak GPS Recovery™ Finance Track. This new feature will give buy here pay here dealers an advantage they didn’t have before in tracking their vehicles.

Copyright 2009 Special Finanace Insider