E-NEWSLETTER

Time is running out on three bills that aim to set new restrictions for the state’s buy-here, pay-here dealers.

Tags: buy-here, CFPB, pay here, pay-here

AUL Corp. announced an expansion of its service-contract relationship with Ace Motor Acceptance Company (AMAC), a subprime finance source in Charlotte, N.C.

Tags: AUL Corp., BHPH, buy-here, pay-here, service contracts

A new partnership between SFG Finance and Subprime Analytics will provide dealers with access to the SFG Finance National Subprime Loan portfolio program. Sellers of portfolios also will gain access to key analytics.

Tags: BHPH, BHPH dealers, buy-here, dealer loyalty, pay-here, SGF Finance, Subprime Analytics

California State Assembly Member Mike Feuer (D–Los Angeles) and State Sen. Ted W. Lieu (D–Torrance) have proposed legislation that would introduce new rules designed to “rein in abusive practices” of buy here, pay here dealers statewide.

Tags: buy here, buy-here, financial legislation, LEGAL, legislation, National Alliance of Buy Here, pay here, Pay Here Dealers, pay-here

Auto/Mate Dealership Systems and Constellation Automotive Software have partnered to promote each other’s dealership management solutions to their respective customers.

Tags: Auto Loans, Auto/Mate, buy-here, Constellation Automotive Software, dealership management system, pay-here

Advanced Lending & Portfolio Services, a bulk purchaser of buy-here, pay-here contracts, announced strong quarterly results, claiming a total portfolio size of $11.5 million at the end of 3Q 2011.

Tags: Advanced Lending & Portfolio Services, ALPS, BHPH, BHPH dealers, buy-here, pay-here, Westlake Financial Services

The National Alliance of Buy Here, Pay Here Dealers announced that its inaugural East Coast conference will be held November 6–8, 2011, at the Georgia International Convention Center in Atlanta.

Tags: buy-here, National Alliance of Buy Here, Pay Here Dealers, pay-here

Pelican Resource Group LLC announced the launch of new bulk and point-of-sales purchase programs, and the national expansion of its services with the addition of a new West Coast servicing center.

Tags: buy-here, pay-here, Pelican Resource Group, purchase programs

The National Alliance of Buy Here, Pay Here Dealers has published a seven-page white paper on the use of payment assurance technology to secure subprime auto loans and aid in vehicle repossession.

Tags: Auto Loans, buy-here, loan approval, NABD, pay-here, subprime

The organizers of Industry Summit 2011 have announced the addition of “Buy Here, Pay Here for Franchised Dealers,” a comprehensive, four-hour seminar designed to tackle the issue of adding a BHPH operation to a new-car dealership.

Tags: buy-here, Industry Summit 2011, NABD, pay-here, Peritus Portfolio Services, training