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Shifting Lanes: How Updated Lease Accounting Standards Are Affecting Dealerships

Posted 7:26 PM by
Most auto dealers participate in leasing in some way, whether they are leasing a building or equipment, operating as a lease here – pay here (LHPH), or are lessors of real estate. That means nearly all auto dealers will be impacted by the Financial Accounting Standards Board’s (FASB) update to the accounting standard for leases under U.S. generally accepted accounting principles (GAAP). The updated standard, which will take effect for private companies for fiscal years beginning after Dec. 15, 2019, will affect both lessors and lessees in different ways.
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Tax Reform’s Impact on the Buy Here - Pay Here World

Posted 5:00 AM by
Like it or not, tax reform is here, and its impact is far-reaching. President Trump signed the Tax Cuts and Jobs Act (TCJA) into law on Dec. 22, 2017. The Act includes various provisions that Buy Here - Pay Here (BHPH) dealers should know. As we study and digest these changes, there are numerous questions and situations that the law itself does not clearly address. Technical corrections will likely be made by Congress as well as regulations issued by the IRS throughout 2018.
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Buy Here - Pay Here Update: Lenders Continue to Pull Back on Subprime Auto Lending

Posted 12:47 PM by
Many media outlets have reported about the imminent subprime auto loan bubble burst, warning that the economy is set on a collision course for the next big credit crisis. While some Buy Here-Pay Here (BHPH) operators are bracing for impact, others see this as a sign that the worst is behind them and of opportunities ahead.
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Hot Topics from National Alliance of Buy Here, Pay Here Dealers’ 2017 National Conference

Posted 5:07 PM by
Members of Katz, Sapper & Miller’s Buy Here - Pay Here (BHPH) Services Group recently attended the National Alliance of Buy Here, Pay Here Dealers' (NABD) 2017 National Conference in Las Vegas, NV – one of the largest industry conferences in the U.S. The 19th annual event addressed the following developments and trends affecting BHPH dealers.
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KSM’s Buy Here – Pay Here Group to Exhibit at NIADA 2016 Convention and Expo

Posted 4:00 AM by
Katz, Sapper & Miller’s Buy Here – Pay Here (BHPH) Services Group will be exhibiting at the National Independent Automobile Dealers Association’s (NIADA) 2016 Convention and Expo June 13-16 in Las Vegas, Nev.
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KSM’s Buy Here – Pay Here Group to Serve on Panel at NABD National Conference

Posted 4:00 AM by
Katz, Sapper & Miller’s Buy Here – Pay Here Services Group will attend and serve on a panel at the 18th Annual National Alliance of Buy Here – Pay Here Dealers (NABD) Conference, May 24 - 26 in Las Vegas, Nev. 
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2016 Buy Here-Pay Here Outlook

Posted 4:00 AM by
As we settle into 2016, now is a good time to review your current practices and look for ways to add value to your business. Buy Here-Pay Here (BHPH) operators should consider sales tax refunds, captive insurance programs, static pool and charge offs, and the industry’s current condition.
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Do the Costs of a Lease Here-Pay Here Model Outweigh the Benefits?

Posted 5:00 AM by
While Buy Here-Pay Here (BHPH) owners are familiar with the benefits of the Lease Here-Pay Here (LHPH) model, many do not take the leap. Others may attempt it but fail to launch a successful LHPH operation.
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How Buy Here-Pay Here Dealers Should (Not) Manage Collections

Posted 4:00 AM by
As a Buy Here-Pay Here (BHPH) dealer, one of the cornerstones of your business is collections. But getting loans on the books is not enough – you have to collect them consistently and efficiently. In the process of pursuing overdue accounts, how far can you go to ensure you receive what is owed?
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Hot Topics from National Alliance of Buy Here-Pay Here Dealers’ 2015 Annual Conference

Posted 5:15 PM by
Members of Katz, Sapper & Miller’s Buy Here-Pay Here (BHPH) Services Group recently attended the National Alliance of Buy Here-Pay Here Dealers’ 2015 Annual Conference – the largest used-car conference in the U.S. Taking place in Las Vegas, Nev., the 17th annual event addressed the following developments and trends affecting BHPH dealers.
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