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How to Start a Profitable Buy Here Pay Here Car Lot
The downloadable PDF Buy Here Pay Here Manual will help you add “buy here pay here” to your profit model without screwing it up. This information packed manual is 117 pages & the only one of its kind in the country.
The truth is…. no one wants to tell you how to do it. This manual WILL get you going down the right path! To boot, it’s only $247. Less than a NICE steak dinner with your wife and a few adult beverages.
Heck, I even taught my mechanic how to do it!! He has 256 people bringing him $75 a week…That’s $19K a week!
If they don’t pay, he picks up the car immediately. No pay – no play.
If their car breaks down, he repairs it and keeps the payments rolling in!
I recommend starting small with just one car. Then do two cars, then three, then four. Make sure this business is for you! This ain’t for everyone! Before you know it, you will have 50 cars on the street.
Buy Here Pay Here (BHPH) Manual: Table of Contents
Introduction
Ten commandments to note lot success
The basics of a note lot
How much profit can a BHPH make?
Advantages and disadvantages
Financial management
Income tax problems explored
RFC’s in more depth
Increased profits through note creation
Where can you sell your notes?
What to do when things are slow
Management information systems (MIS)
Your BHPH customer
Your staff
What about salesmen?
Your inventory
Your marketing
Lending Basics
Underwriting
Interviewing the BHPH customers
Can you pull a credit report?
Is the customer credit worthy?
How does down payment affect default rate?
Closing the loan
Collect your money
Collection law
Fair debt collection
Extended warranties
Repossessions
Need more money for growth?
Investment Opportunities
BHPH Final Advice
Reference Tables
