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...

Hey CEOs!

Are you thinking about offering a buying service to broker vehicles directly to a buyer from the auction?

During the weekly training for auto dealers provided by the Auto Dealer Business School, I tell my story of my experience with adding a buying service and what I learned about best practices.

These tips will help you put together a successful buying service to increase used car sales.

In this video, you will learn...

• What to do if you have a buyer
• How to protect yourself and your customer
• What you need to know for an easy and profitable process

Here is a summary of the Auto Broker/ Buying Service process from the video.

1. Taking Buyers to the auction 6:00 
2. Contract 7:45 
3. Deposit 10:00 
4. Expectations 11:30 
5. Inspecting Vehicles 12:00

After watching the video, if you want to learn more about a buying service and get assistance, register for the FREE Online Workshop How to Buy and Sell your First 5 Cars at www.autodealerbschool.com/1st5cars.