Articles for Systems - Dealer Controlled Finance

Buy Here Pay Here (BHPH) Accounting and Tax Review

Sunday, March 01, 2009
David Wiggins - Understanding the various income tax regulations and rules regarding BHPH dealerships and related finance companies (RFCs) can be difficult at times but necessary to your financial health.

The Difference Between Deferred Service Contract Revenue and Accrued Warranty Reserve

Thursday, January 01, 2009
David Wiggins - Many buy here pay here dealers choose to self-insure their warranty or service contracts, but do they fully understand how a change from including an extended warranty to selling a service contract can impact their financial statements, tax returns and potential their loan agreements?

GPS or Starter Interrupt

Thursday, January 01, 2009
Anytime a business owner thinks about a new venture, there are a multitude of issues to consider. For dealers thinking about getting into the buy here pay here business, one of those issues is whether they need starter interrupt systems and/or GPS location systems installed on their BHPH inventories.

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