constellation auto sales and leasing

constellation auto sales and leasing插图

Is constellation Automotive now ‘unmatched’ in the automotive retail industry?

Back in October last year Constellation Automotive claimed to have reached “unmatched scale” in automotive retail after expanding its car sales operations into Europe with the acquisition of CarNext.

Why choose Northland for car leasing?

Since 1990, Northland has been in the business of increasing sales, bottom line profits, and marketing opportunities within the automotive industry. If you’re in the business of leasing or renting used cars, we’re the company for you!

Why choose dealer controlled finance consulting?

We provide top-tier consulting services to new and existing dealerships in the Dealer Controlled Finance industry. Our DCF Program was developed by car people for car people and it is a combination of the best practices for sales, collections, inventory, operations and compliance.

Everything you need to manage your BHPH dealership

Management System Plus (MSP) delivers a complete set of tools that you need to manage your BHPH business in one easy-to-use package. MSP’s suite of tools work together seamlessly (including integration with industry-leading solutions), letting you focus on streamlining operations and improving performance.

Accessible anywhere, any time

MSP is a hosted solution which means you have full access to your data 24 hours a day, 7 days a week.

More than just software

We provide top-tier consulting services to new and existing dealerships in the Dealer Controlled Finance industry.

Why is it easier to sell a car?

It can make it easier to sell the car because the customer can get more car for a lower monthly payment. This will make renewing customers at the end of their term much easier. When a car is financed, the customer owns the car outright at the end of the term. When a car is leased, the customer has a residual to pay at the end of term.

What is the difference between leasing and financing?

The other key difference between financing and leasing is that with leasing there is a residual value on the car and the end of the lease term. This also offers a number of benefits: 1 It can make it easier to sell the car because the customer can get more car for a lower monthly payment. 2 This will make renewing customers at the end of their term much easier. When a car is financed, the customer owns the car outright at the end of the term. When a car is leased, the customer has a residual to pay at the end of term. Most often they will opt to either extend the lease or to return the car and lease a new vehicle. 3 Customers opting to return cars at the end of their lease helps keep a dealership stocked with inventory. This is very helpful in a time where inventory is difficult to find.

Is a dealership liable for a title lapse?

There are two main disadvantages to Leasing: In some states, because the title remains in the dealership’s name, the dealership is vicariously liable should the customer allow their insurance to lapse and then get in an accident.

Can you return a car at the end of a lease?

Most often they will opt to either extend the lease or to return the car and lease a new vehicle. Customers opting to return cars at the end of their lease helps keep a dealership stocked with inventory. This is very helpful in a time where inventory is difficult to find.

What is Northland IADA?

Since 1979, the Northland Independent Automobile Dealers Association has represented quality independent dealers in the upper Midwest. Northland IADA, through membership, provides dealers with education, lobbying efforts, and resources to assist dealers in becoming more successful and profitable.

What is a surety bond?

A Surety Bond is a guarantee that your dealership will comply with industry regulations. If a dealer commits fraud or conducts business in other unethical ways, the bond helps the injured parties recover from any resulting financial loss. A Surety Bond also shows that you are committed to ethical behavior. READ MORE.

What is CPI insurance?

Our Collateral Protection Insurance (CPI) through Coverage Plus solves client-related issues with car insurance. Lease and BHPH agreements typically require the customer to provide evidence of full coverage insurance, including liability AND comp/collision coverage. In many cases, your customers will have a policy for liability coverage but not comp/collision insurance. These are the perfect candidates for you to offer the Coverage Plus program!

What is the limit of liability for a business vehicle?

The business coverage is contingent to the person renting/using the vehicle with their own personal insurance policy and the limit of liability for the business is $1,000,000.

Is Northland Auto Solutions a dealership?

Northland Auto Solutions is proud to be your preferred dealership solutions and insurance services provider. Since 1990, Northland has been in the business of increasing sales, bottom line profits, and marketing opportunities within the automotive industry. If you’re in the business of leasing or renting used cars, we’re the company for you!

Does Northland provide title bonds?

We provide dealer bonds and title bonds to dealers across the United States. If you are in need of any specialty bonds, please contact Northland, we would love to help!

Is Northland a national insurance company?

Worry no more! When you sign up with Northland, you are part of a National Insurance policy, which means reasonable losses aren’t counted against you. In addition, you are covered over and beyond the customer‘s liability insurance by $1,000,000 in contingent excess liability coverage. Depending on the coverage level you choose, Northland provides up to $35,000 in physical damage and tracks your customers’ insurance status.