Auto Dealer Business School

What’s up CEOs! 

As a car dealer in Texas, offering financing options to your customers can be a great way to increase sales and attract more buyers. However, there are specific regulations and requirements that you must follow to finance car sales in Texas. In this blog post, we'll explore how to offer financing for car sales in Texas and what you need to know to do it correctly.

First, it's important to understand the lending terms before offering financing options to your customers. Lending terms refer to the language used in the lending industry. The lenders you work with will expect you to know the language.

Next, to finance car sales in Texas, you must obtain a license from the Texas Office of Consumer Credit Commissioner (OCCC). This license will allow you to legally offer financing to your customers. The licensing process involves completing an application, submitting the required documents and fees, and passing a background check. Once you have obtained your license, you...

What’s up CEOs! 

As you know, obtaining a license is a critical step in your journey towards success. However, the licensing process can be a frustrating and lengthy one, and waiting for approval can cause anxiety and stress, especially when it takes longer than anticipated.

It's important to recognize the impact that licensing delays can have on your business. As a CEO or entrepreneur, you need to cover expenses and generate revenue. Any delay in the licensing process can impact your bottom line, which can be detrimental to your business's success.

To combat this, the first step you should take is to calculate your burn rate. Your burn rate is the amount of money you are spending each month to operate your business. 

Once you understand how much you are burning through and how long you can sustain it, you can decide how to proceed.

If you can last for six months without any significant impact on your business, you may choose to wait for your license to be approved. However, as...

Hey CEOs!

This LIVE video training for auto dealers is about getting started as a Buy Here Pay Here Used Car Dealer.

You can join this video live for Q&A inside the Facebook group here: www.facebook.com/groups/dreamdealership.

Auto Dealer Business School is dedicated to the professional development of licensed auto dealers. Our classes and programs help to obtain a retail used car dealer license, open a dealership, buy & sell cars as a used car dealer and grow your used car sales business with high profits & happy buyers.

To get started as a BHPH Dealer, you will need…

• The permission to be a BHPH dealer (depends on state)
• Software to manage the customers and the cars
• Define your program
• Define the cars that will be sold with BHPH financing
• How to Finalize the sale

BHPH can be challenging if the program is not run with the intention to increase paid-in-full accounts and decrease repossessions.

The NO Repo BHPH program can help startup dealers sell more cars by offering...

What's up CEOs!

 This week's video training for auto dealers is how to be an Absentee Dealership Owner.

Let me start by saying I'm not an absentee dealership owner yet. That is something I want to be. I'm on a journey now to build an absentee owner foundation for my dealership so my dream can come true. I started with setting the intentions for the future of my business.

I've talked before about selling good cars and making high profits. But what does my lifestyle look like as an absentee owner and what do I do to get there?

Currently, I am very present in the day-to-day operations of my business. I actually touch every department. Nothing really moves without me, and my input or my talent or my direction or my strategy. So this is what I have learned so far on the path to being an absentee dealership owner.

Overall, I want to build wealth and have freedom, Here are the steps to becoming an absentee owner.

1. Set the intention to build wealth not just make money
2. Identify the t
...

Hey CEOs!

A dealership is where you can buy wholesale and sell retail. No matter what the license is called, regardless of if you have an office only, or an office with a display space or a car lot, in any state, you have a dealership.

Owning a dealership means you are the responsible party. You are also the benefiting party and the controlling party.

Owning a dealership is an investment in a wealth-building plan.

A dealership can be an income-generating asset as long as you have positive cash flow.

I explain more about owning a dealership in the above video.

Hey CEOs!!!

I want to share with you the process of how startup auto dealers sell luxury cars.

I haven't told the whole story about what really helped me have a profitable car lot fast. It was selling luxury cars. 

Now... I had opened a new car lot. We didn't have much inventory. I knew luxury car sales are a recession-proof market and have bigger profits so I sold luxury cars to make the car lot profitable quickly.

The video above explains the process in detail.

There is also a free online workshop to help you set up the process to sell luxury cars in your dealership.

To join the workshop, go to www.autodealerbschool.com/lux.

Hey CEOs!

This week's FREE training for Auto Dealer newbies and owners of small dealerships is about the recession. To help you get started or to grow your business in a recession, I talk about ...

• the Recession-Proof Car Markets
• the Recession Proof Streams of Income Selling Used Cars
• How to Sell in a Recession and 
• How to Build a Recession-Proof Dealership

Remember, you can always join me LIVE in real-time in these FREE training videos by joining the Facebook group here: www.facebook.com/groups/dreamdealership

Also, there are some current events in the Auto Dealer Business School you should join, like....

Join the Sales Challenge and Sell More Cars www.autodealerbschool.com/salespush

Join me in Nashville, TN at the Dealer Center Workshop in August 18th www.autodealerbschool.com/specialevent

Dealership Startup Funding Pre-Approvals - Schedule a Strategy Session www.autodealerbschool.as.me

NIADA Dashboard https://niada.com/dashboard/author/shamelleonard

Enjoy the FRE...

Hey CEOs!

This week's Auto Dealer Newbie training is all about how you can make six figures selling cars from an office.

You can join this free training LIVE for Q&A inside the Dream Dealership Facebook group at www.facebook.com/groups/dreamdealership.

What you believe is what you achieve so start believing it's possible to earn a six figure income with a small dealership.

Join me in NASHVILLE for the Dealer Center Workshop on August 18th (Correction). Get details at www.autodealerbschool.com/specialevent.

Get a Dealer Center 90 Day FREE Trial at www.autodealerbschool.com/dc

Get Startup Funding for your Dealership of up to $50k. Email me at [email protected]

Join the Six Figure Dealer Club. Schedule a Strategy Session at www.autodealerbschool.as.me.

Join the Sales Challenge and Sell More CARS at www.autodealerbschool.com/salespush.

Check out the FREE Auto Dealer Newbie training below.

Hey CEOs!

Are you wondering how to put the pieces together now that your license has been approved? In this video, I discuss the steps necessary to open your dealership and sell your first car.

Some helpful links include...

 Join me live inside the Facebook group at www.facebook.com/groups/dreamdealership.

Hey CEOs!

Everyone wants to be successful. Before I started the Auto Dealer Business School, I tested my methods on one student, Glenn. I documented all the vehicles he purchased and sold from the program in the $99k report.

Joining me in this video is one of the members of the Six Figure Dealer Club. He downloaded the $99k report and decided he wanted to be a case study just like Glenn.

Listen to how his journey has been so far in the video below.

In the video, I mention...

• The $99k Report www.autodealerbschool.com/99kreport
• Join the Sales Challenge www.autodealerbschool.com/salespush

• How to join the Six Figure Dealer Club Schedule a Strategy Session www.autodealerbschool.as.me

• How to join the live video - Join the Facebook Group at www.facebook.com/groups/dreamdealership

I'm ready to build your dream dealership when you are!