Auto Title Loans in Arizona – What They Are And How To Get Them

Are you in need of Title Loans in Arizona? Please call (855)334-5525

Are you in the Arizona area and in need of a title loan? A title loan is a high interest loan needed for unexpected occurrences or emergencies. What type of emergencies you ask? Here is a list of some common unexpected occurrences where title loans are needed.

  • Bail money. Do you have a family member or friend that is in jail and needs bail money to get out. When you don’t have any money available what do you do? You use any asset to borrow against that has some value to it.
  • Home Repairs: Leaky roof. Pipes busted and the plumbing bill is going to be expensive. Mold issue. Electrical, basically anything home related.
  • Surgery: No health insurance and a major surgery needs to be done to save a loved ones life?
  • Funeral expenses: A loved one has passed away and a proper burial and funeral is in order.

So as you can see, there are several unexpected occurrences that can occur at any time where you’ll need quick money. Most people are living paycheck to paycheck and don’t have much money saved up.

Arizona Title Loans are secured loans.Your vehicle is the collateral in the loan. Secured loans are generally designed for people with bad credit that need to put up some collateral because it’s a high risk loan due to the credit history. These Arizona Title Loans are very high interest, you don’t want them to go for a long term and want to pay them off as soon as possible. If you can, suck up your pride and ask a friend or family member for a loan before you decide on getting a title loan. You’ll be saving a lot of money in interest.

Title Loans in Arizona

 

 

 

 

The amount of money that the applicant can borrow is based off of the value of the vehicle and the applicants current monthly income. The vehicle must be in good operating condition and go through an inspection before the Title Loan Tucson Arizona is booked. The applicant must have a clear title on the vehicle free of any liens. The lender will put a lien on the vehicle making them the legal owner of the vehicle until the loan is paid off in full. For additional information please go to: http://needcarloanfast.com/

 

 

Used Car Dealers: How to a Overcome a Customer Objection to Buying a Service Contract on a Finance Deal

OCAuto-8-2Service contracts are a product that Used Car Dealers should sell on top of every deal, especially finance deals. This way both the buyer and seller have piece of mind that the car is protected if it breakdowns.

When your customer purchases a service contract, they won’t come back to you and try to hold you responsible to chip in on a repair down the line.

They are also saving a lot of time and money if something were to occur.

I have learned over the years being a used car dealer to never rely on just the front end profit I am making off of the car. In order for us to survive in the used car business we have to make money on the back end too.

If you rely just off of the front end profits you’ve made on the car with never selling any back end products like Gap Insurance or Service contracts it is very unlikely that you’ll be able to survive in the used car business and I’m speaking from experience with my own lot. Back end profits consist of the profits made off of selling Gap Insurance, Service contracts, Etch theft deterrent, etc.

Now when it comes to selling Service Contracts there are many ways that have been taught to overcome a customer objecting to purchasing one but I have found the way I am about to share with you to be the most effective in my experience.

When a lender gives a credit approval they give the dealer an option to add extra points to the interest rate for a commission. For example the lender will approve the deal with a 11.99% APR but will pay the dealer a commission if they bump the interest rate up to 13.99% This is called dealer participation, otherwise known as dealer reserve. I always quote the interest rate to the customer with the dealer participation points added to it.

So I tell the customer the APR is 13.99% and I let them know the lender is willing to add a service contract into the deal to protect their car payment. The number one reason for a customer not making their car payment is the car breaking down and the lender would like to have the service contract added into the deal in case the car breaks down.

Now most of the time a customer likes the fact that a service contract is added into the deal and that it is built into the payment. A customers main concern is the amount of their monthly payment and that they’ll be able to factor it in to their monthly budget. Sometimes they don’t want to spend any additional money on a service contract and just want to take their chances which isn’t a really good idea when buying a used car. Their investment should be protected.

So when a customer objects to purchasing a service contract I offer to remove the two points I added off of the interest rate if they buy it. The profits a dealer can make off of a service contract are far greater than the commission a dealer makes from the dealer participation so it’s worth removing the extra interest points. The customer is happy they are saving money by getting a lower interest rate and now the payment is being protected with the service contract.

Now all parties involved are satisfied. The lender is happy because the payment is protected, the customer is happy because they are saving money in interest, and now the dealer is happy because they’ve made a larger back end profit by adding a service contract into the deal.

I can tell you from experience that this is the most effective strategy in selling a service contract when the customer at first objects so I want you to try it the next time a customer objects to buying a service contract in a finance deal. If you are used car dealer and would like to schedule a free strategy session with me on how I can help you raise your profits you can do so by Clicking Here

 

How to start your very own cash for cars business to be able to buy cars below trade in value

“HOW TO get your cash for cars business ranked on the first page of google within a week without spending a dime on advertising”

In this Webinar I disclose:

  • How to get a steady stream of leads coming in every day of people wanting to sell their cars to you BELOW trade in value
  • How to pick the perfect domain name to target people in your area that want to sell their cars
  • How to avoid paying auction buy fees and transport costs by having the sellers bring their cars directly to you
  • What SEO is and how people use it to highly rank their websites
  • And…how to do ALL of this without wasting time looking for deals, running into lemons, and having to compete with other dealers

Click on the link to get started http://www.onlinemeetingnow.com/register/?id=mshm2kzbou

An In Depth Automotive Financing Tutorial

Wow…I was really surprised to see everyone is having so much trouble with Financing

This is BAD news, guys…

When you don’t get Financing right… You are turning away tons of hungry buyers and making small cash profits which will eventually cause you to go out of business.

That is NOT what I want for you.

So I’ve decided to host a Finance Training for people in this group.

Here’s what we are going to cover:

Why you make 2X, 3X, even 5X the profits by Financing your cars instead of selling them for cash.

The difference between a cash deal and a Finance deal and how you make that extra money with Financing.

I’m going to show you a basic guide on how the Finance process works.

How to make a killing by offering In House Financing where the Dealer is the lender and car payments are made directly to the Dealership.

How to add an additional revenue stream to your Dealership by selling back end products which consist of:

Gap Insurance
Service Contracts
Etch Theft Protection

Click here to register: http://www.onlinemeetingnow.com/register/?id=r213euib4r

I’ll see you there! -Greg

P.S. / By the way… If you have any specific questions or concerns you’d like me to address, ask them right here in the comments and I’ll do my best to try to work them in!

Grab your spot now: http://www.onlinemeetingnow.com/register/?id=r213euib4r

Always have the engine bay detailed

I always have the engine bay detailed but I make sure any water in or around the spark plugs is blown out really good with an air compressor to prevent a misfire. It makes the engine look so much cleaner getting rid of any oil built up around the valve cover gasket, etc. It’s also really important to cover up the computer and anything else that could possibly get damaged by the water.

 engine bay detailed
engine bay detailed

Oil leaking from the valve cover gasket dripping on the exhaust

If you don’t have the money to replace the valve cover gasket make sure you have the bolts tightened in the meantime to prevent any oil dripping down on the exhaust. Oil leaking from the valve cover gasket dripping on the exhaust will cause the smoke produced to rise and come out of the engine bay while the car is running. Make sure to have the excess oil cleaned off around it before you sell the car. This and the smoke leaves a very bad impression if you don’t.

Always check the history of a car before you buy it

Always check the history of a car before you buy itDo you guys have access to Carfax or Autocheck? Always check the history of a car before you buy it.

If you are buying from a private owner never trust what they say about the car’s history. They lie all the time.

The odometer could have been tampered with or the car could have major frame

damage and if you don’t check beforehand, you’re stuck with a bad car after you buy it.

Watch your back!

Getting good references is CRITICAL in finding your vehicle if your customer isn’t making their payments

Getting good references is CRITICAL in finding your vehicle if your customer isn’t making their payments. Get at least six of them and make sure you get the names, phone numbers, and addresses of the closest people in your customer’s life (Mom, Sister, Best Friend.) Make sure you verify them to make sure the phone number is right and not disconnected.

If your customer isn’t making their payments and avoiding you just call their Mother to try to find them. Believe me, you’ll hear from them right away. The reference will worry and call the customer and make the situation seem much worse than it actually is. It also will embarrass the customer because they don’t want their family and friends knowing that they are a dead beat. Believe me it works.

License Plate Recognition Reposession in the 21st Century

Technology has transformed the car repossession business from an art to a science. In 2001 the courts ruled that one’s license plate is not protected by 4th amendment privacy rights. This allows private businesses to collect, exchange and sell information pertaining to one’s license plate. The technology, known as License Plate Recognition (LPR) sprang into the car repossession agent’s toolbox.

License Plate Recognition is a technology that utilizes the digital video output of a camera to “pick out” a license plate from each frame of a video. The license plate image is enhanced by a computer and then optical character recognition is used to translate a picture into searchable text. The output of text is then compared to a database of license plates compiled by interested parties (ie lenders and dealers).

Today’s LPR technology can resolve and compare a license plate image in less than one second with the image of the license plate passing the camera at over 55 miles per hour!. A vehicle mounted camera can easily scan entire parking lots in a few minutes compared to the hours it took in days of old. This combined with GPS allows “spotter” cars to identify cars and mark their location for repossession. This technology can also work on a smartphone, allowing the truck operator to confirm a “marked” car before towing it away. LPR systems range from $2,000 to $15,000 dollars per vehicle. The more robust systems scan all 360 degrees around the vehicle.

Another new tool in the repo tool box is the Jerr-Dann Element. This is a truck mounted jack that allows a repo agent to deftly hook up to cars and tow them away. The operator backs the lift up to the front tire, and then the lift does the rest. It manuvers around and “finds” the other tire, then two arms lock behind the back of the tire. It can quickly pull a car out even in tightly paralleled parked situations. The jack plus the truck runs approximately $55,000. This is a far cheaper alternative than a boom mounted tow truck.

 

 

 

Make sure to check for white smoke on a cold start when inspecting a Toyota Camry

Toyota Camrys are one of the most reliable and economical cars on the market and a great car to flip but they have a notorious problem that you need to check before buying one for resell. If you don’t check for this problem it’ll make it more difficult to sell the car.

What happens with these cars is the valve guide seals over time will wear and allow oil to leak down into the cylinders while the car is parked and not running. The oil is burned off when you cold start it and a big puff of white smoke will come out of the exhaust which is very obvious and then go away.

MAKE SURE when you are inspecting a Camry to COLD START IT before you buy it to make sure the white smoke isn’t coming out of the exhaust. If you don’t you’ll either have an expensive repair on your hands or you will have to explain it to the customer making it more difficult to sell.