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Automobile Dealerships – Out of Trust Situations – Tips For the Dealer

Almost every financial organization has a workout department. Their names are as varied as Problem Loan Administration; Central Loan Department; or Special Assets Department. A dealer may be assigned to one of these special departments, or a member of the department may start appearing at meeting with the dealer’s regular bank officer.

The courts have consistently upheld the rights of lenders to have workout teams and to have those teams, within broad parameters, take affirmative actions to protect the lenders’ interests.

Matching the average dealer’s experience with work-outs, to that of the lender’s experience, would be equivalent to matching a high school football team against a professional team. The professionals have played the game hundreds of times. They have seen and heard hundreds of presentations, arguments, excuses and reasons for a dealership’s problems, while the dealer, lacking experience, is encountering the trauma for the first time. Realizing the dealer will probably be a neophyte, with respect to workouts, the following rules are provided the dealer, as a plumb line, to be followed throughout the workout procedure:

1. Do Not Confuse Friendship with Business. Factories and lenders have seen and heard most of the workout plans any dealer could suggest. The have probably seen versions of each plan which have been refined over generations by some of the best minds in the business. Their experience, however, cannot help the dealer get the best benefits for the dealer.

Employees of the factory/lender have an obligation to their corporation and in turn to its shareholders, to get the best contract for their corporation. There is nothing wrong with that; they have a legal duty to their shareholders and creditors to protect them, not you.

They will, however, indicate whether or not you workout plan is “acceptable” or “unacceptable” to them. If the proposed plan is “unacceptable”, one of two things can happen. The dealer can keep proposing plans, until one is accepted, or the factory/lender might suggest an acceptable alternative.

If the factory/lender suggests a plan acceptable to them, it means just that: the workout plan is acceptable to the factory/lender. It does not mean, and should not mean, the factory/lender will not approve some other plan, which may be more beneficial to the dealer, if the dealer knows what to request and how to structure it.

2. Do Not Confuse Optimism with Confidence. Optimism means expecting a plan will work. Confidence means knowing what to do if it does not. Never act without confidence.

3. Do Not Value a Dealership by the “SOT + Assets” Formula. The odds against that plan working are about the same as the odds against winning the lottery, except the ante is higher.

4. Do Not Say “SOT”. Sometimes a dealer talks in terms of SOT (Sold Out of Trust) or OT (Out of Trust) with the factory or lender, when the dealer actually has SAU (Sold and Unpaid) units. Once the dealer refers to an out of trust situation, it puts the factory/lender in a precarious position. All sorts of rules then come into play, both legal rules and company rules, which would not have had to take effect if the dealer used the phrase SAU. The factory/lender can’t read minds to know the dealer really meant SAU, instead of SOT. From the moment the phrase SOT is used, the only thing the listener knows for certain is, if there is a law suit and the listener were asked if the dealer said he or she were SOT on such and such a date, the listener would have to answer “yes.” Don’t put them in that position.

5. Do Not Lie. Don’t lie to yourself; don’t lie to the factory; don’t lie to the lender.

Dealers, who lie to themselves about their problems, how they got there, or their ability to solve them, base their entire solution upon a lie and, without exception, compound and complicate the original problems.

A lie to the factory/lender will alienate the only entities which have both the ability to help and the most to gain, besides the dealer and the dealer’s family, in finding a workable solution. When in doubt, remember what Mark Twain said: “I never got hurt by anything I didn’t say.” He also said that when he was ninety, he recollected he had worried about a lot of things in life, most of which never happened.

6. Do Not Panic. There are many challenges in business, and being short of cash is but one of them. Numerous dealers have been there before and numerous dealers have survived.

Analyze the problem as if it were someone else’s problem, and compose a short letter as if you were giving advice to another dealer. The advice should be to get professional help. A storm at sea, calls for seasoned sailors. No one would want a crew with little experience in storms, unfamiliar with navigation, no charts, no radar and no one to call upon for advice. A dealer with a SOT problem is in a big storm, except it won’t go away with time. Without help, the dealer’s family, friends and employees will all be affected. The dealer has to make tough decisions, or time will make them-and the dealer will not like the decisions time makes.

At the time the lender has the second meeting, referred to above, wherein the lender wants the dealer to sign the work-out agreement, the dealer should be prepared to structuring of the work-out plan, the handling of a keeper, the method of repayment and such.

As soon as you know you are OT, your first call should be to us (or someone as experienced as us) and your second call (after visiting with us, your attorney and accountant) should be to the credit company. Telling the credit company you have sold and unpaid units before they tell you, is vital to establishing a foundation upon which to build a work-out plan. At the same time, Automotive Advisors’ experience is vital to the dealer and the dealer’s attorney and accountant, in providing constructive suggestions and in planning and recognizing realistic options.

Insurance Auto Auctions – Get Great Deals on Salvaged Cars and Trucks

Insurance auto auctions are a great way to get a great deal on salvaged cars and trucks. In fact, the company Insurance Auto Auctions is one of the most commonly used specialists in this area with auto auction locations throughout the United States. The company has been around since the early 1990s providing a variety of auto auction services for car owners, car buyers, and car sellers. If you are looking for a good way to get a car at a cheaper rate, insurance salvage deals are a great option!

Salvage vehicle auctions involve several elements – including a facilitation between buyer and seller as arranged by the Insurance Auto Auctions company. Although IAA is one of the more well known companies in this part of the automotive industry, many other companies exist with the same auto salvage specialty.

Automotive salvage occurs when an insurer considers a vehicle to be a “total loss” in insurance terminology. Essentially, this means that the vehicle is of no use to the insurance provider and the insurance carrier. When this happens, the salvaged vehicle can be sold or parted out. Many major insurance companies work with Insurance Auto Auctions, Inc. and similar companies. You will not be surprised to learn that Farmer’s Insurance, and even GEICO are just some of the names on the IAA list of regular clients.

Percentage salvage auction sales are more common these days as such companies work hard to get a piece of the action! When a salvaged car is sold at rock-bottom prices, the insurance agency provider is very interested in obtaining rights to at least a small percentage of the insurance auto auction. Since this practice has become more common in recent years, more and more insurance agents and their representatives are seeking percentage shares with companies like Insurance Auto Auctions.

The History of Automotive Repairs – Why We Need Trained Technicians in the Collision Repair Industry

Vehicle History Overview

  • They don’t make them like they used to.

The First Cars

  • The first motor cars were nothing more than a buggy and engine (Generally repaired by blacksmiths and carpenters. These cars were very expensive, which only the wealthy could afford)
  • Model T was the first car mass production on an assembly line in 1908 (Ford’s Vision was to produce an affordable car the average person could purchase)
  • Model T’s came in black only to keep the costs down. (The price came down once the assembly line was streamlined, but in 1908, the cost for a Model T started at $825. By 1913 the cost of the car reduced to $550)

Cars in the 1960s

Cars were made the same basic way up through the 60s

  • Body Over Frame
  • Rear Wheel Drive (Same concept, but the cars were very big, bulky, and heavy)

Except people in the 60s wanted SPEED! They achieved this with Big Block Motors, which created a lot of Horsepower. (The Birth of Hotrods, Rat Fink, Flames, and Pin Striping).

Cars in the 1970s

  • The government place strict fuel economy and emissions control laws
  • Customers demanded cars with increased fuel economy
  • New laws and customer demands started the automotive explosion of engineering ideas and changes in the automotive industry

Changes to comply with Demands and Laws

  • Smaller bodied cars and smaller engines
  • Aerodynamics (Increase Fuel Mileage)
  • Lighter cars by using different materials and designs
  • More work-hardened areas created during formation of panel (Body Lines)
  • Safety

Construction of Interstate Highways + Higher Speed Limits + More High Performance Cars = Accidents and More

Deaths from Auto Accidents

Federal Laws were passed to regulate safety. These laws included:

  • Installation of seatbelts
  • Safety glass windshields
  • Head restraints
  • In 1979, the first driver side airbag was introduced
  • Airbags are mandatory in motor cars produced after 1990
  • Unibody Torque Boxes: Allow controlled twisting and crushing
  • Crush Zones: Made to collapse during collision (To act as an absorber, absorbing the impact)

Modern Day Cars

  • Carbon Fiber Parts
  • Aluminum Parts
  • More Plastic Parts
  • High Strength Steel
  • Boron Steel
  • Unibody Construction
  • Space Frame Construction
  • Computer
  • Hybrid Cars

Now they even have cars that will tell you when you’re lost, where to turn, Parallel Park for you.

Conclusion

While the modern day cars appear to be made cheap and unsafe, they are actually designed to crush or collapse, while transferring the energy around the stronger passenger compartment to protect the passengers from injury.

There is considerably more damage to modern day cars during a collision than the older vehicles, which gives the perception that “they don’t make them like they used to”. However, in reality the cars are taking the impact instead of the passengers.

The lesson was designed to give you a little history, but to also emphasize that just a hammer, dolly and a few wrenches are not going to repair today’s cars. We need highly trained collision repair and automotive technicians to repair today’s vehicles.

Automobile Manual Transmission Advantages and Operations

Vehicles have become an important part of people’s life. We can see them in almost every place. Most of us may know that they are equipped with an automatic or manual transmission. These two types are manufactured to meet people’s different requirements. Now we would like to talk something about the latter one.

Do you know how does the manual transmission work? Of course, the operation of it is not simple. It requires the driver to have the knowledge of when to engage and disengage the clutch and at what speeds the transmission needs to be shifted into the appropriate gear. And the clutch mechanism is the most important feature on it. This has a close relationship with the function of manual transmission.

The operation of the manual transmission involves a lot of things. A shaft connects the clutch mechanism to the lay shaft of the transmission. The clutch shaft turns at the same rounds per minute, and the meshed gears connect the clutch shaft to the lay shaft, which cause the lay shaft to turn at the same rate as the engine. Besides, the lay shaft connects to a differential shaft that connects to the wheels of the car, and it spins at the same RPM as the car’s wheels.

When compared to the automatic transmission, the manual transmission has many advantages. First of all, it has greater engine control. It enables drivers to better control engine power and torque by allowing transmission shifting at virtually any engine speed from transmission gears. It has set gear shifting patterns that offer very little leeway in terms of how and when to shift.

Secondly, it is cheaper to be maintained. Because the automatic ones are utilize more parts which may affect the more sophisticated automatic shifting mechanisms. Except for them, it still has many other advantages, including increased fuel economy, and more engine power and so on.

According to the above, we can safely draw the conclusion that the manual transmission can also outweigh the automatic one in some aspects. Thus, if you choose it, it is necessary for you to learn something about its advantages and functions.

Auto Transport & Car Shipping Industry Exposed

Auto transport industry is run by 90% by the brokers! The majority of auto transport companies don’t own car trailers. They don’t have the staff or budget to market themselves to the public or the customer service team to provide support to their clients. They typically rely on word of mouth or local advertising to get the business. Carriers deeply rely on the brokers to fill up their trucks and keep them moving.

Auto transport brokers have access to hundreds of transporters and can generally accommodate you on any location you may need to get your car picked up or delivered to. Working with a reputable broker may help you get a better price or find a company you wouldn’t otherwise find on your own. The broker may also provide you with a more competitive price quote and offer you better support. Many of the drivers are one man operations or are under-staffed to provide you with quality customer service.

How the auto transport industry works?

When you get a quote from different companies/brokers – they all compete for your business. But the reality is you are actually bidding for the drivers to move your car. If your quote is too low, you car will not be picked or it may take few weeks for the delivery.

Here is an example on how this works: let’s say the route is (NJ to FL). There is usually 20-40 cars waiting to be picked up on the dispatch board which is used by all truckers in the industry. They are all priced from high to low. The drivers will be more attracted to loads that are paying more. So if you picked the lowest quote and there are 10 cars all quoted higher on the list, your car will be sitting at your driveway for awhile. Your load will be the last to get picked up, or you simply may never get a driver assigned while a dishonest broker promises you the world and takes your money.

How to get the right auto transport quote?

In the industry where money talks – your budget will determine the price to get your vehicle picked up and delivered. Choosing the lowest car transport rates is not always recommended. We constantly hear complaints from consumers who first dealt with low balled quotes and than went with a higher quote – got their vehicles picked up with 2-4 business days.

Search Google for “auto transport quotes”, “car transport rates”, or “car shipping quotes” and checkout various auto transport company websites. Get quotes from individual companies, or comparison sites and compare rates. You can check the company’s track record on sites like Transport Reviews.

Uses Of Automotive Equipment And Tools

Automotive equipment and tools are a very important part of the automobile industry. They can range from simple hand held devices to large structures that can even lift a heavy truck. The uses of these equipments in the world of automobiles cannot be undermined. For carrying out repairs, for changing a tire, for lubricating, for servicing, for charging up the battery, and for cleaning the vehicles, these equipments are very important.

Here Is A Brief Note On Some Of The Uses Of These Equipments.

Automobile Equipment Usage

* Automotive Lifts: Hydraulic lifts are very common in the industry and are used in showrooms, repair shops, and automobile factories. They generally come in the form of a platform fixed on a zigzag leg that can be raised or lowered as required. Heavy vehicles can be raised by the use of this equipment. These are how cars reach the first or second floor of a showroom or how the repairs to the lower part of vehicles are carried out in a mechanic’s shop. These lifts can be of different types like motorcycle lifts, runway lifts, drive on lifts, in-ground lifts, etc.

* Lubrication Equipments: As the name suggests, these are used to lubricate parts of the vehicle. There is a long list of lubrication equipments available and each is used for different lubrication purposes. Oil and grease reels, grease guns, oil drains, and oil and grease pumps are all examples of such commonly used equipment. Blacrank is a good brand when it comes to these equipments. Blacrank oil pumps are indisputable masters of the group.

* Compressors: Air compressors are used to do various works on automobiles. Generally, air compressors give additional pressure to drive in screws and give more power to tools like wrenches and nail guns. These are also used to remove dirt from the vehicle.

* Service Equipments: A vehicle needs to be serviced from time to time to ensure its proper running. This is where service equipments come in. These are battery chargers, fuel transfer device, brake fluid exchangers, coolant service equipment, tire changers, etc.

* Reels: These come in different shapes and sizes and are an important member of any automotive equipment list. Reels could be air reels, exhaust hose reels, grease reels, etc. Reels help to keep the pipes and hoses in place and also to extend its life. They can be easily reeled out to the required size and stored by reeling back.

* Jacks: Jacks are important not only in the shop but also for every vehicle owner. They enable the person to lift up the vehicle for the purpose of changing tires or doing some emergency repairs on the vehicle.

The list of automotive equipment is quite long and their uses quite large. Companies who sell such equipments also deal in car parts, thus making the store a one stop place for all things related to automobiles. Nowadays, there are thousands of online stores selling these equipments making them more accessible to all in need.

Finding the Right Adjustable Automobile Pedal Extensions

Let’s face it, not everyone has a voluptuous model figure and legs that go on for miles like Heidi Klum does. In fact, many people have short legs and many more have issues with their size and weight. Unfortunately, size can be a problem for people who are in the driver’s seat of their car because it may hinder your ability to reach the foot pedals of the car or just make you generally feel uncomfortable behind the wheel. Your knees could be knocking on the underside of the steering column, you may be trying to stretch yourself both ways to reach the pedals and still be able to see over the dashboard, or you can pull your seat so close to the steering wheel that’s practically growing out of your chest, and that just won’t do. One solution to this size issue is finding the right adjustable automobile pedal extensions that will work for both you and your car.

But where can you find such a thing? The first place to look is online. Try searching the Internet for car pedal extensions and you’ll surely find a number of resources on the subject as well as places that sell the item. It may be a good idea to look through some car-oriented blogs and forums and study up on the best pedal extensions for your car’s make and model. Ask questions if necessary. Look through the pictures and read the testimonials. Many car manufacturers offer products such as these for their own line of cars, although there are also many aftermarket pedal extensions available for purchase. Most online sellers will also ship the item straight to your home, and you can either install it on your own or take it to your mechanic.

Speaking of your mechanic, he or she is the next person to ask about this kind of modification to your car. Your local auto body shop will undoubtedly have experience installing and fitting car pedal extensions and will be able to direct you to which product will suit your needs best. In fact, many auto shops have these items in stock, so you can purchase the item and they will install the pedal extensions all in one visit. No muss, no fuss. You get to drive away with a more comfortable driving experience ahead of you.

But wait, aside from comfort, why is it so important that you keep a distance between yourself and your steering wheel, you may ask. Well, according to many car safety experts, you should keep a distance of about 10-12 inches between you and your airbag, to ensure that you sustain limited to no damage from its deployment in case of an accident. And where is this airbag located – in your steering column. So, to avoid injury, and achieve a better driving experience, explore the possibilities of adjustable automobile pedal extensions for your car today.

They Were Advertising Free Internet – So I Took Them Up On It!

I’m sure that logging onto their Internet connection from my home wasn’t exactly what these businesses had in mind when they advertised, “Free Internet” but hey, it looked like an open invitation to me! So I took them up on it. Actually, there are three businesses I can I can log onto from my house that advertise Free Internet. The closest is just over a half mile away, the other two are a few tenths farther.

Now, you’re probably thinking… these guys must have a powerful router for me to be able to pick up a WIFI signal from that far away. Truth is; they don’t. They’re using standard off-the-shelf routers connected to the Internet through an ISP just like everyone else. The trick to accomplishing this feat is on my end.

In order to get the maximum range in a WIFI connection, you either need a powerful transmitter or a powerful receiver. The government limits the power of the transmitter, so to make this connection; it’s the antenna design that’s important.

This isn’t something new. Antenna modeling has been going on since Nikola Tesla first started experimenting with wireless communication back in the 1890s. WIFI is just an extension of that early technology. The range on most WIFI routers is only about 300 feet. But with a good home built antenna, this range can be extended tremendously. My connection is rock solid.

To those of you that have trouble getting a good connection from one end of your house to the other, this might seem impossible, but with a custom antenna, it’s pretty common. The current WIFI long distance record for unamplified ‘stock’ routers is 238 miles! That’s just using antenna technology.

So, how expensive are these antennas and where can you get them? You can buy them, but commercial versions are over $100. The least expensive way to acquire one is to build it yourself. It’s easy and it will only cost you about $10 to $15. When you think of what you spend on Internet service charges each year… that’s a drop in the bucket.

There are two types of WIFI antennas you can build… Yagi and Waveguide. The Yagi is pretty complicated for a beginner. The Waveguide, or antenna, is something a ten year old can build in an afternoon. About all it consists of is a tin can and a USB Internet adapter.

Of course, the can has to be a certain size and shape, and the USB adapter has to fit into it in exactly the right place in order for it work properly. But that’s no problem if you can follow simple instructions. It’s also easy to step up this antenna’s power by adding additional parts. It’s the advanced designs that are the most interesting.

The best place to find building instructions and more about WIFI antennas is to log onto Amazon’s online book store and type, “FREE Internet” into their search engine. This will bring up several books that will show you exactly how to build these and even more powerful WIFI antennas. Book prices range from $5 to $20. The books at the top are the most popular.

Not only was this a fun, afternoon project, but I figure it will save me about $500 a year from here on. Or at least until they take the, “FREE Internet” sign down!

Auto Car Cover Review – What To Look For

The car auto cover is not simply a car cover, it has to do so much more, just take a few minutes and run through the following list, it could save you bucks.

Depending on where you are going to store your vehicle, outside a waterproof cover is still the only choice, as a decent type not only protects against water, but also dirt, grime, frost, snow, small wind debris, tree sap, birds, hail, snow, Sun ultra violet, if the vehicle will only be stored inside then it generally will only need dust, dirt and grime protection.

Did you know.. if a non waterproof cover is fitted and this gets wet it can actually do more damage than not having a cover in the first place, this is due to the cover actually holding water and moisture against the surfaces of your vehicle.

A general cover is fine for covering a car that’s not cared about too much, but ill fitting ones have more pockets which hold water when it rains, and they move due to wind and rain, this can over time depending on the inside of the cover actually lead to scratches and swirl marks, so purchasing a cheap cover really can be false economy.

Even mild sunshine over a period of time will dim any cars paintwork. An opaque car cover will help to greatly reduce the risk of this. It must also be breathable, if a vehicle is covered whilst the engine is hot or on warm day’s moisture/condensation can form, and if it cannot escape then it can aid the creation of corrosion.

An auto car cover which is actually designed for your car model will not only be easier to put on, but it will certainly look much tidier when fitted. A decent car cover will last you many years if properly looked after, when looking for your cover checkout the manufacturer’s warranty period 4 years is not uncommon.

Automotive History

It’s almost impossible to imagine what the world would be like without automobiles. Not only do the facilitate travel, vehicles also have an immense effect on trade, our medical and emergency system and society in general.

The first steam powered vehicles were built as long ago as during the 1600’s by Ferdinand Verbiest. This vehicle was not used to carry people but rather goods. It wasn’t until 1885 that the first fuel powered vehicle was actually developed.

The ability of vehicles to actually transport passengers as well as goods definitely revolutionized travel and trade; the world hasn’t been the same since. It was Nikolaus Otto who invented the first gasoline powered engine; this is the engine that is generally available in most cars in the world. The diesel engine was named after its inventor; Rudolf Diesel. Diesel engines have a very high efficiency rate and are available with either two or four strokes.

Many American inventors worked on developing steam powered vehicles during the late nineteenth century. Many competitions were held were inventors presented their designs. Competitions were held where inventors displayed how fast their vehicles could travel.

Panhard et Levassor and Peugot were the first two companies to start automobile production for mass consumption in France. Peugot is still one of Europe’s most popular vehicle brands to this day. The Duryea Motor Wagon company was the first company in the U.S to start mass production on a large scale.

The petroleum industry was developed in response to the needs for fuel. Companies had to learn how to manufacture large quantities of gasoline due to the high demand. The automotive industry is still evolving and progressing. The 21st century has brought with it technology such as Bluetooth technology, pedestrian safety sensors and vehicle systems which can be controlled via voice command.

The automotive industry is far from stagnating; it’s constantly developing and new technology and discoveries are being made every day. Hybrid cars are also becoming immensely popular due to gas prices and environmental concerns. Auto makers are pushing the envelope when it comes to efficiency; many traditional cars are now averaging over 35 mpg. Ford is currently developing cars that will be able to communicate with one another and possibly avoid car accidents. We have also seen the advent of self-driving cars where the driver can actually sit back and relax while the car is able to maneuver itself in and out of traffic. Looks like the best is still to come when it comes to the automotive world.