Most independent dealers already have a reinsurance company. The problem is knowing what to do after it’s set up.In this episode of The Independent Dealer Podcast, we go past the basics and into advanced reinsurance strategy for dealers who are already in the game. If you’ve been running reinsurance for years and still wonder whether you’re maximizing it, this conversation is for you.Bret from Buckeye joins us to break down how experienced dealers should be optimizing their reinsurance companies, from product performance and loss ratios to CPI penetration and cash management inside the reinsurance entityIn this episode, we cover:How to evaluate reinsurance performance using real loss ratiosWhich products dealers commonly underutilize (and why it matters)CPI penetration mistakes that limit profitabilityHow point-of-sale process impacts insurance enrollmentWhen and how to adjust premiums, coverage, and reservesWhat to do with excess reinsurance cash beyond letting it sitUsing reinsurance funds to eliminate high-interest debtHow reinsurance fits into dealership exit planning and buy-sell scenariosWhat happens to your reinsurance company if you sell or close your dealershipThis episode is ideal for:Buy Here Pay Here dealersIndependent retail dealersDealers with existing reinsurance programsOperators focused on cash flow, portfolio protection, and long-term planningIf you already have reinsurance and want to be smarter with it, this episode will help you see what’s working, what isn’t, and what to fix next.Support the businesses that support the podcastBuckeye Risk ServicesReinsurance, tax planning, and long-term wealth strategies built for independent dealers.BlytzPayBuy Here Pay Here payment processing with fast funding, text-to-pay, and real support.Tax MaxTax season systems that help dealers sell more in Q1 with same-day advances and customer-facing tax solutions.Ituran GPSGPS and payment technology for BHPH and retail dealerships focused on asset protection, recovery tools, and customer management.Follow & ConnectWebsite: www.theindependentdealer.comEmail: info@independentdealer.comFacebook Group: @independentautogroupLuke Godwin: @lukegodwinJeff Watson: /sendtojeffwLike, subscribe, and share with another dealer who needs a fresh perspective.
What is the real purpose of your dealership?
In this Monday Minute from the Independent Dealer Podcast, we challenge the idea that dealerships exist only to sell cars. The truth is, a successful dealership is a platform for service, opportunity, and long-term impact — for customers, employees, and the community.
In this episode, we cover:
When your team understands why your dealership exists, they show up differently. And when you lead with purpose instead of chasing short-term wins, long-term success follows.
You’re not just selling vehicles. You’re providing freedom through transportation and helping people move forward.
Be sure to check out this week’s newsletter for the full implementation roadmap. This episode sets the mindset — the newsletter shows you how to put it into action.
Subscribe to the Independent Dealer Podcast for weekly insights on dealership leadership, mindset, and sustainable growth.
In this episode, we dig into what independent dealers are facing right now and what it actually takes to grow in the current market. We talk about goal setting that doesn’t get forgotten, how to make 50 cars a month a real target instead of a wish, and why accountability and visibility inside the dealership matter more than ever.We cover the numbers behind realistic sales goals, breaking them down into daily activity, inventory expectations, staffing, and process. We also talk through the personal side of ownership: taking care of your health, protecting time with family, networking with intention, and creating habits that support both the business and the person running it.If sales have slowed down, repos are climbing, or breaking even feels like a win right now, this conversation gives you practical steps you can put in place immediately. No fluff. No buzzwords. Just real dealership strategy.Topics in this episode:• How to build toward 50 cars a month with real math behind it• Whiteboards, visibility, and daily accountability that doesn’t fade• Weekly structure, staffing expectations, and lead flow basics• Understanding the market if margins are tight and collections are heavy• Operational habits that change the month before the numbers do• Protecting time, health, and relationships while still growingSupport the businesses that support the podcast:Buckeye Risk ServicesReinsurance, tax planning, and long-term wealth strategies built for independent dealers.BlytzPayBuy Here Pay Here payment processing with fast funding, text-to-pay, and real support.Tax MaxTax season systems that help dealers sell more in Q1 with same-day advances and customer-facing tax solutions.Ituran GPSGPS and payment technology for BHPH and retail dealerships focused on asset protection, recovery tools, and customer management.
In Episode 411 of The Independent Dealer Podcast, we take you inside RPM Garage in Dallas, Texas for a full shop tour with special guest Patrick Ellefson.
This episode offers a behind-the-scenes look at a specialty dealership built around classic cars, exotics, high-horsepower builds, and truly one-of-one inventory. Patrick breaks down how he sources unique vehicles, prices inventory for faster turn time, and uses social media to generate consistent inbound demand in a niche market.
Whether you’re a buy here, pay here dealer or an independent used car dealer, this episode delivers practical insight you can apply to inventory strategy, marketing, and dealership operations.
How RPM Garage sources specialty inventory without relying on auctions
Why faster turn time can outperform chasing high gross margins
The risks and realities of selling modified and high-horsepower vehicles
How social media drives real car sales for independent dealers
Why dealership presentation and atmosphere impact buyer trust
Turning your dealership into a destination, not just a lot
Using social media as a core sales channel
Managing inventory risk in specialty vehicles
Building a business around what you enjoy selling
If you’re an independent dealer looking to stand out, improve turn time, or rethink your inventory and marketing strategy, this episode provides real-world insight from a dealer who’s doing it differently.
Support the businesses who support the podcast:
BlytzPay — credit card processing and text communications for independent dealers (3 free months when you mention IDP)
Buckeye Risk Services — education and reinsurance solutions
TaxMax — flexible tax refund solutions for car buyers
Website: www.theindependentdealer.com
Email: info@theindependentdealer.com
Facebook Group: @independentautogroup
Luke Godwin: @lukegodwin
Jeff Watson: /sendtojeffw
Like, subscribe, and share with another dealer who needs fresh perspective.
In this episode of The Independent Dealer Podcast, we sit down with brothers Travis and Casey of Vamos Auto in the Dallas–Fort Worth area. 🚗💥 They break down how they took over a distressed buy here, pay here dealership, uncovered major operational issues, and rebuilt it into a premium BHPH operation. 🚀What you’ll learn in this episode: 📚🔹 How a Navy F-18 pilot and Top Gun graduate became a buy here, pay here dealer ✈️🔹 What it’s really like to take over a distressed BHPH with missing inventory and over-leverage 💰🔹 Why upgrading inventory to higher-ACV trucks and SUVs changed the business 🛻🔹 How data analytics drives smarter decisions in modern buy here, pay here 📊🔹 The real timeline for working through distressed portfolios ⏳🔹 Insights from a recent note sale and portfolio cleanup 📈🔹 Why disciplined growth beats empire building 🎯Key takeaways for independent dealers: 🎯✨ Consolidating locations to regain control✨ Building analytics systems from day one 💻✨ Shifting from a car sales mindset to a finance-first operation 💡✨ The importance of transparency with lenders 🏢If you’re an independent dealer, BHPH owner, or considering a distressed dealership acquisition, this episode delivers real-world insight on operational turnaround, risk management, and sustainable growth. 💪Support the businesses that support the podcast: 🔷🔹 BlytzPay — credit card processing and text communications (3 free months when you mention IDP)🔹 Buckeye Risk Services — education and reinsurance🔹 TaxMax — flexible tax return solutionsConnect with us: 🌎Website: @Email: @ependentdealer.com 📧Facebook Group: @independentautogroup 👥Luke Godwin: @lukegodwinJeff Watson: / sendtojeffw
In this episode of The Independent Dealer Podcast's "How I Built This" series, we sit down with Ricky Thomas of Wildcat Used Cars in Somerset, Kentucky. 🚗💥 Ricky shares his incredible journey from getting fired on his FIRST DAY as a sales manager to building a 16-acre independent dealership empire that sells 1,000+ cars a year! 🚀Here's what you'll learn: 📚🔹 How Ricky went from 320 cars to 1,400+ in just a few years 📈🔹 Why he built a real estate portfolio BEFORE scaling his dealership 🏢🔹 His strategy for maintaining 43-day inventory turn (down from 160 days!) ⚡🔹 How Capital One and Credit Acceptance helped him reach new heights 🤝🔹 The social media strategy generating 1.5 MILLION views per month 📱🔥🔹 His unique pay plan that motivates salespeople to help each other win 💰🔹 Managing a massive operation with service centers, detailing, and collision repair 🔧Key Takeaways: 🎯✨ Started with $80K and 25 cheap cars in 2016✨ Now operates on nearly 16 acres with 33+ employees 👥✨ Uses real estate equity to fund dealership growth 💡✨ Focuses on affordability over flashy inventory✨ Leverages digital content creation for massive brand awareness 📸✨ Bids on his own repos to protect his CAC pool 🏆Whether you're running a small lot or scaling to multiple locations, Ricky's story proves that with hard work, smart partnerships, and a focus on affordability, you can build an independent dealership that competes with anyone. 💪Don't forget to like, comment, and subscribe for more dealer success stories! 👍💬🔔Support the businesses that support the podcast:🔷 Blytzpay for your credit card processing and text communications. Tell them IDP sent you to get 3 free months! http://www.blytzpay.com🔷 Buckeye Risk Services for all your education and reinsurance needs http://www.buckeyerisk.com🔷 TaxMax for flexibility with your tax returns http://www.taxmax.comConnect with us: 🌐Website: http://www.theindependentdealer.comEmail: @independentdealer.comFacebook Group: @independentautogroupLuke Godwin: @dwinJeff Watson: https://www.facebook.com/sendtojeffw
What does it take to build a thriving buy-here-pay-here dealership from scratch?Join us as we sit down with Darla Booher—2002 startup founder, National Quality Dealer Award winner, and incoming NIADA President. Discover her incredible 20-year journey from franchise sales manager to BHPH powerhouse.🎯 In This Episode:Why she left franchise dealerships for BHPHStarting with just $30K right after 9/11Surviving 2008 & COVID economic crashesThe embezzlement that almost ended it allScaling from 12 cars to 100+ inventoryHer vision for NIADA and dealer education💡 Key Lessons:✓ Never put all eggs in one basket with lenders✓ Hire smarter than yourself✓ One location done well beats multiple done poorly✓ Processes are everything📢 Subscribe for more dealer success stories!🔗 Connect With Us:@theindependentdealerEmail: info@independentdealer.com🙏 Sponsors:Blytzpay - http://www.blytzpay.comBuckeye Risk Services - http://www.buckeyerisk.comTaxmax - http://www.taxmax.com
End of the year creeping up on you? 😅 Don't be that dealer scrambling on December 30th!In this episode, Jeff and Luke break down the 5 ESSENTIAL year-end moves every independent dealer needs to make before December 31st. From tax strategy to portfolio cleanup, these time-sensitive tips could save you hundreds of thousands.🎯 What We Cover:✅ Why you need to meet with your CPA NOW (not January)✅ Portfolio cleanup: How to rip the band-aid off and start 2026 clean✅ The inventory audit that reveals missing cars and hidden money✅ Inventory write-downs: The "Voila Method" that makes cars sell immediately✅ Reinsurance compliance checkup before year-end✅ Equipment depreciation strategies (rollbacks, repo trucks, and more)✅ Strategic planning: How to map out a killer 2026💡 KEY TAKEAWAY: That car sitting on your lot for 6 months? It's not a turd - there's just no money in it for your salespeople. Learn how to reset it and watch it fly off the lot.UPCOMING EVENT:📍 Collections Event with Ai - Dallas, TX - December 10Godwin Consulting Group is putting on a Collections Event in Dallas on December 10, don't miss it! http://www.godwinconsultinggroup.com/...📢 WANT MORE DEALER INSIGHTS?✅ Subscribe to the Independent Dealer Podcast💬 Drop a comment with your biggest collection challenge👍 Like this video if you're definitely NOT waiting until December 30th to do all this... right? 😅⭐ Leave us a review: www.theindependentdealer.com📧 Email us: info@theindependentdealer.com 🔗 CONNECT WITH US:Website: www.theindependentdealer.comInstagram: @theinpendentdealerpodcast/Facebook: @theindydealerLinkedIn: @independent-dealer-180160225🙏 SPECIAL THANKS TO OUR SPONSORS:Blytzpay - Your credit card processing and text communications partner. Tell them IDP sent you to get 3 FREE months!www.blytzpay.comBuckeye Risk Services - All your education and reinsurance needswww.buckeyerisk.comTaxmax - Flexibility with your tax returnswww.taxmax.com🎧 LISTEN TO ALL EPISODES:Anchor: @theindependentdealer Social Links:/ independentautogroup/ jlukegodwin/ sendtojeffwThe Independent Dealer Podcast is brought to you by real dealers, for real dealers. No BS. Just actionable insights from the trenches.---⚠️ DISCLAIMER: Jeff and Luke are not CPAs or tax professionals. This content is for educational purposes only and should not be considered professional tax or legal advice. Always consult with your qualified CPA or tax advisor before making financial decisions.
Alright dealers, we just got back from the Buy Here Pay Here Dealer Forum in Nashville, TN—and let me tell you, the ideas we picked up will more than pay for the trip. Here's what we cover:-The "Best Ideas" session—strategies dealers are using RIGHT NOW to win-Man-on-the-street interviews with dealers who are in the trenches just like you-How AI is changing the game for BHPH dealers (and what's actually working)-A few laughs along the way because this business is hard enough without taking ourselves too seriouslyThe Bottom Line: Events like the BHPH Dealer Forum aren't just about learning—they're about connecting with other dealers who get it. The ideas shared in Nashville are worth their weight in gold, and we're bringing them straight to your screen. Whether you were there or not, this recap will give you strategies you can implement today.UPCOMING EVENT:📍 Collections Event with Ai - Dallas, TX - December 10Godwin Consulting Group is putting on a Collections Event in Dallas on December 10, don't miss it! http://www.godwinconsultinggroup.com/trainings
📢 WANT MORE DEALER INSIGHTS?✅ Subscribe to the Independent Dealer Podcast💬 Drop a comment with your biggest collection challenge👍 Like this video if you're ready to embrace AI (or still scared of it)⭐ Leave us a review: www.theindependentdealer.com📧 Email us: info@theindependentdealer.com🔗 CONNECT WITH US:Website: www.theindependentdealer.comInstagram: @theinpendentdealerpodcast/Facebook: @theindydealerLinkedIn: @independent-dealer-180160225🙏 SPECIAL THANKS TO OUR SPONSORS:Blytzpay - Your credit card processing and text communications partner. Tell them IDP sent you to get 3 FREE months!www.blytzpay.com
Buckeye Risk Services - All your education and reinsurance needswww.buckeyerisk.comTaxmax - Flexibility with your tax returnswww.taxmax.com🎧 LISTEN TO ALL EPISODES:Anchor: @theindependentdealerSocial Links:/ independentautogroup/ jlukegodwin/ sendtojeffwThe Independent Dealer Podcast is brought to you by real dealers, for real dealers. No BS. Just actionable insights from the trenches.
AI Collections: 2,200 Payments in 11 Days (No, Seriously)Alright dealers, buckle up. We're talking AI in collections, and before you roll your eyes and say "not another AI conversation"—this one's different. We've got real numbers, real dealers, and real results.Robyn Burkinshaw (CEO of Blytzpay) joins us along with Kaleb Bryan and Kyle LeCrone from The Auto Cave to break down what's actually happening with AI-powered collections in the BHPH space. Spoiler alert: it's wild.🔥 WHAT WE COVER:Why 30% of your collectors' time is completely wasted (and what to do about it)The two REAL reasons customers pay late (hint: it's not what you think)How AI collectors are pulling 2,200 payments in 11 days from a single dealershipThe "Friday payday problem" every dealer faces—and how AI solves itWhy your GPS data is useless (and how to make it actually actionable)What happens when customers realize they're talking to a robot (it's not what you'd expect)The future of text-based collections and "automated intelligence"THE BOTTOM LINE: This isn't about replacing your collectors. It's about freeing them from the BS tasks nobody wants to do anyway—so they can actually do their job. And the results? They speak for themselves.Whether you're running a 50-car lot or a 500-car operation, this conversation will change how you think about collections.👥 FEATURED GUESTS:Robyn Burkinshaw - CEO, BlytzpayKaleb Bryan - Owner & CEO, The Auto CaveKyle LeCrone - Portfolio Manager, The Auto CaveMentioned in this episode: Join us for the Collections Bootcamp in Dallas on December 10! Get seven hours of power-packed training designed to give your collections team the tools, tactics, and confidence to win big. Learn more and register at http://www.godwinconsultinggroup.com/trainings📢 WANT MORE DEALER INSIGHTS?✅ Subscribe to the Independent Dealer Podcast💬 Drop a comment with your biggest collection challenge👍 Like this video if you're ready to embrace AI (or still scared of it)⭐ Leave us a review: http://www.theindependentdealer.com📧 Email us: info@independentdealer.com🔗 CONNECT WITH US:Website: http://www.theindependentdealer.comInstagram: @theinpendentdealerpodcast/Facebook: @theindydealerLinkedIn: @independent-dealer-180160225🙏 SPECIAL THANKS TO OUR SPONSORS:Blytzpay - Your credit card processing and text communications partner. Tell them IDP sent you to get 3 FREE months! http://www.blytzpay.comBuckeye Risk Services - All your education and reinsurance needshttp://www.buckeyerisk.comTaxmax - Flexibility with your tax returnshttp://taxmax.com🎧 LISTEN TO ALL EPISODES:Anchor: https://anchor.fm/theindependentdealerSocial Links:/ independentautogroup/ jlukegodwin/ sendtojeffwThe Independent Dealer Podcast is brought to you by real dealers, for real dealers. No BS. Just actionable insights from the trenches.
Surprise Friday drop! Luke and Jeff are on their way to the Buy Here Pay Here Dealer Forum in Nashville and wanted to make sure you know about two important upcoming events.Nashville BHPH Forum - This Weekend!Luke will be leading an opening session Sunday afternoon (2:45-5:45 PM) with tactical worksheets and planning tools to get your 2026 squared away. Then stick around for the Best Idea Session with Luke & Jeff and Autozone on Tuesday morning (9-10:30 AM) – it'll pay for your entire trip!Collections Training - December 10th in DallasGodwin Consulting's first in-person event! Send your collectors to Dallas (Fairfield Inn & Suites at Love Field) for hands-on training, roleplay, and tactical skills development. Topics include AI in collections, key metrics, and getting that money in the bank. Early bird registration ends November 14th.Sponsored by Tax Max and Blytzpay (happy hour the night before!).It's not too late to make it to Nashville, and spots are filling up fast for Dallas. Don't miss out!
In this candid conversation, we dive into real user experience with our automotive shipping platform, Auto Hauler Exchange. Jeff and Luke share their straightforward assessment of the service, highlighting what works well and where there's room for improvement.
Key Discussion Points: - Transparency in pricing and platform fees - How our platform differs from traditional shipping brokers - The arbitrage model vs. direct pricing - A shipper's perspective on competitive rates - Why clear pricing matters in the auto transport industry Whether you're an independent dealer looking for reliable vehicle transport solutions or a shipper evaluating new platforms, this honest review provides valuable insights into how modern auto transport technology is changing the game. Subscribe for more candid industry conversations 🔔 Like if you appreciate honest dealer feedback 👍 Comment with your own shipping experiences 💬 Thank you for listening. We hope you learned something new. Let us know what you think. Leave us a review www.theindependentdealer.com @independentdealer.com Support the businesses that support the podcast: Blytzpay for your credit card processing and text communications. Tell them IDP sent you to get 3 free months! Buckeye Risk Services for all your education and reinsurance needs Taxmax for flexibility with your tax returns. Please like, subscribe, leave us a review, and share with a friend. Connect with us online: / independentautogroup / jlukegodwin / sendtojeffw Listen to all our episodes on Anchor: https://anchor.fm/theindependentdealer
Join us for an in-depth conversation about the current challenges facing the buy here pay here industry. Luke Godwin and Jeff Watson from the Independent Dealer Podcast sit down with Kaleb Bryan in Dallas, Texas to discuss market conditions, exit strategies, and what it takes to survive in today’s climate.Key Topics Covered: • The Tricolor collapse and its impact on the industry • Understanding securitization and why it’s failing • Current market valuations for portfolios (55-60% advances) • Exit strategies for dealers looking to wind down • The importance of deleveraging and cash flow management • Making tough decisions: cutting expenses and staff • Why institutional capital has dried up • The future of buy here pay here: consolidation and opportunity • Portfolio collection strategies and realistic timelines • Work-life balance as a dealer owner👇Don't forget to like, comment, and subscribe for more strategies from industry experts!Thank you for listening. We hope you learned something new. Let us know what you think. Leave us a review at www.theindependentdealer.com or @independentdealer.comSupport the businesses that support the podcast:🔹 Buckeye Risk Services – Education & reinsurance experts👉 www.buckeyerisk.com🔹 Blytzpay – Credit card processing & text communication (Get 3 FREE months when you mention IDP!)👉 www.blytzpay.com🔹 Taxmax – Flexibility with tax returns Use code VIP for 35% off! 👉 www.taxmax.comPlease subscribe, leave us a review, and share with a friend.Connect with us online:/ independentautogroup/ jlukegodwin/ sendtojeffw🎧 Listen to all episodes:@pendentdealer📲 Connect with us:@independentautogroup | @jlukegodwin | @sendtojeffw💬 info@theindependentdealer.com
Tax Season 2026 is shaping up to be one of the biggest stimulus events of the year—and most dealers aren't ready for it.In this dedicated episode, Bill Neylan, founder and CEO of Tax Max, breaks down why this tax season will be different and how independent dealers can capitalize on massive refund opportunities. With new tax laws creating $2,500-$3,500 MORE per customer in refunds, there's huge potential for dealers who prepare NOW instead of waiting until January.What We Cover:Why 2026 is different: No tax on overtime/tips but withholdings weren't adjusted = HUGE refundsThe 98% collection rate case study: One dealer had 245 Q4 deals and collected on 241How Tax Max works now: Customers self-file via text (zero dealer paperwork), refund advances start January 2ndFive collection "buckets": Past due, repos, side notes, recoveries, and low balance customersCash flow strategy: Getting more money IN your dealership with less ON the streetFourth quarter vs Q1 programs: Why Q4 deals perform better and last longerWeekly Tax & Consulting Groups starting November for real-time guidanceGovernment shutdown impact and IRS opening predictions💰 SPECIAL OFFER: Use code VIP at taxmax.com for 35% offCRITICAL REMINDER: "The only people who don't have good tax seasons are the people who don't prepare for tax season." Don't wait until January to learn this system.👇Don't forget to like, comment, and subscribe for more strategies from industry experts!Thank you for listening. We hope you learned something new. Let us know what you think. Leave us a review at www.theindependentdealer.com or @independentdealer.comSupport the businesses that support the podcast:Tax Max - Use code VIP for 35% off! www.taxmax.comBlytzpay for your credit card processing and text communications. Tell them IDP sent you to get 3 free months! www.blytzpay.comBuckeye Risk Services for all your education and reinsurance needs www.buckeyerisk.comPlease subscribe, leave us a review, and share with a friend.Connect with us online:/ independentautogroup/ jlukegodwin/ sendtojeffwListen to all our episodes on Anchor: @pendentdealerGodwin Consulting Group Upcoming Event: Collections Boot Camp - December 10, 2025, Dallas, TX (Sponsored by Tax Max)Register: godwinconsultinggroup.com/trainings
We're on location at a shuttered dealership in Texas to discuss one of the biggest cautionary tales in recent BHPH history. From alleged fraud to financial collapse, this episode breaks down what went wrong and the critical lessons every independent dealer needs to learn.In this special edition, we explore the downfall of what was once considered a poster child operation in the buy-here-pay-here industry. Just two years ago, this dealership was featured at industry conferences and praised across LinkedIn. Today? Lights are on, but nobody's home—and there's a lot of inventory sitting in limbo.What We Cover:The three major takeaways every dealer must learn from this failureWhy 80% repos on your lot is a red flag for serious cash flow problemsThe "debt vortex" - what happens when your ACV values invert on recycled inventoryFloor plan dangers for BHPH dealers and when (if ever) to use oneThe critical importance of communicating with your lender before things spiralHow to scale properly without getting ahead of your balance sheetWhy traditional practices with your own spin beats risky shortcuts every timeAlleged fraud tactics: double pledging collateral, falsified financials, and covenant violations.👇 Don’t forget to like, comment, and subscribe for more strategies from industry experts!Thank you for listening. We hope you learned something new. Let us know what you think.Leave us a review www.theindependentdealer.com info@independentdealer.comSupport the businesses that support the podcast:🔹 Blytzpay – Credit card processing & text communication (Get 3 FREE months when you mention IDP!)👉 www.blytzpay.com🔹 Buckeye Risk Services – Education & reinsurance experts👉 www.buckeyerisk.com🔹 Taxmax – Flexibility with tax returns (Use code Podcast2024 for 40% off sign up!)👉 www.taxmax.com🔹 Ignite Consulting Partners – Identifying problems, creating solutions, helping your business thrive👉 www.ignitecp.com🎧 Listen to all episodes:https://anchor.fm/theindependentdealer📲 Connect with us:@independentautogroup | @jlukegodwin | @sendtojeffw💬 info@theindependentdealer.com
Join us for this special milestone episode as Jeff and Luke celebrate 400 episodes of The Independent Dealer Podcast! After 7 years and never missing a week, they reflect on the biggest lessons learned, what they got wrong, and what's ahead for independent dealers.What You'll Learn:-The biggest lesson: There are countless ways to succeed in the car business - not just one "right way"-What they got wrong: Luke's "transitory" Covid pricing call and the Carvana stock prediction-Why the "golden age" of buy here pay here from 2010 may never return-How leverage and interest costs are taking down successful dealers-The hybrid dealership model: Mixing BHPH with subprime and prime financing-Why building with your own capital is more critical than ever👇 Don't forget to like, comment, and subscribe for more strategies from industry experts!Thank you for listening. We hope you learned something new. Let us know what you think.Leave us a review www.theindependentdealer.com info@independentdealer.comSupport the businesses that support the podcast:Blytzpay for your credit card processing and text communications. Tell them IDP sent you to get 3 free months!http://www.blytzpay.comBuckeye Risk Services for all your education and reinsurance needshttp://www.buckeyerisk.comTaxmax for flexibility with your tax returns. Use the code "Podcast2024" for 40% off sign up!http://www.taxmax.comIgnite Consulting Partners are there to identify problems, create solutions, and help your business thrive!http://www.ignitecp.comPlease subscribe, leave us a review, and share with a friend.Connect with us online:/ independentautogroup/ jlukegodwin/ sendtojeffwListen to all our episodes on Anchor:https://anchor.fm/theindependentdealer
In this episode of The Independent Dealer podcast, we sit down with Blake Ingram, owner of Auto City and one of the most respected names in the buy-here-pay-here industry. With 67 years of combined car dealer wisdom, Blake shares the hard-earned lessons that have made Auto City a thriving operation in the competitive world of subprime auto lending.Blake opens up about what it really takes to run a successful BHPH dealership, from the daily challenges to the big-picture strategies that keep his business ahead of the curve. He doesn't hold back when discussing the challenging but essential topics of hiring and firing—sharing his proven approach to building a team that drives results and knowing when it's time to make the tough personnel decisions.Whether you're an established independent dealer looking to refine your operations or just breaking into the BHPH space, Blake's decades of experience offer invaluable insights into what it really takes to succeed in this industry.*In This Episode:• What makes a BHPH dealership truly successful• Blake's approach to hiring the right people for BHPH operations• When and how to make firing decisions that protect your business• Lessons learned from 67 years in the car dealer business• Keys to thriving as an independent dealer in today's market👇 Don’t forget to like, comment, and subscribe for more strategies from industry experts!#independentdealerpodcast #AutoCity #DealerTips #CarBusiness #UsedCars #AutomotiveStrategy #IndependentDealer Thank you for listening. We hope you learned something new. Let us know what you think.-Leave us a reviewwww.theindependentdealer.comInfo@theindependentdealer.comSupport the businesses that support the podcast.Blytzpay for your credit card processing and text communications. Tell them IDP sent you to get 3 free months!https://www.blytzpay.comBuckeye Risk Services for all your education and reinsurance needshttp://www.buckeyerisk.comTaxmax for flexibility with your tax returns. Use the code “Podcast2024” for 40% off sign up!https://www.taxmax.comIgnite Consulting Partners are there to identify problems, create solutions, and help your business thrive!www.ignitecp.comPlease subscribe, leave us a review, and share with a friend.Connect with us online: / independentautogroup / jlukegodwin / sendtojeffwListen to all our episodes on Anchor:https://anchor.fm/theindependentdealer
Why September is the PERFECT Time to Start Tax Season PrepThink it's too early to plan for tax season? Think again! Jeff and Luke break down the 5 critical steps every independent dealer needs to take RIGHT NOW to maximize their biggest sales opportunity of the year.Key Takeaways:* Tax season isn't just for buy-here-pay-here dealers* Start preparation in September, not December* Your current customer base is your goldmine* Higher down payments can help you control inventory flowSupport the businesses that support the podcast!Blytzpay for your credit card processing and text communications. Tell them IDP sent you to get 3 free months!https://www.blytzpay.comBuckeye Risk Services for all your education and reinsurance needshttps://www.buckeyerisk.comTaxmax for flexibility with your tax returns. Use the code “Podcast2024” for 40% off sign up!https://www.taxmax.comIgnite Consulting Partners are there to identify problems, create solutions, and help your business thrive!www.ignitecp.comPlease subscribe, leave us a review, and share with a friend.Connect with us online: / independentautogroup / jlukegodwin / sendtojeffwListen to all our episodes on Anchor:https://anchor.fm/theindependentdealer
Join us for this special live episode from the Lease Here Pay Here Summit 2025 in San Diego as we sit down with Tracy Myers, fourth-generation dealer and owner of Frank Myers Auto. After 15+ years in buy-here-pay-here with 1,800 accounts, Tracy made the bold decision at age 52 to transition into lease-here-pay-here - and he's sharing everything he learned.What You'll Learn:* Why Tracy switched from a successful BHPH model to lease-here-pay-here* The unexpected advantages: bankruptcy protection, cash flow improvements, and abandoned vehicle solutions* Sales training challenges when educating customers about leasing vs ownership* How "Down the Road Motors" helps customers understand the program* The accounting and operational differences that caught him off guard* Why his "perfect hire" philosophy completely changed over 20 yearsThank you for listening. We hope you learned something new. Let us know what you think.-Leave us a reviewwww.theindependentdealer.comInfo@theindependentdealer.comSupport the businesses that support the podcast!Blytzpay for your credit card processing and text communications. Tell them IDP sent you to get 3 free months!https://www.blytzpay.comBuckeye Risk Services for all your education and reinsurance needshttps://www.buckeyerisk.comTaxmax for flexibility with your tax returns. Use the code “Podcast2024” for 40% off sign up!https://www.taxmax.comIgnite Consulting Partners are there to identify problems, create solutions, and help your business thrive!www.ignitecp.comPlease subscribe, leave us a review, and share with a friend.Connect with us online: / independentautogroup / jlukegodwin / sendtojeffwListen to all our episodes on Anchor:https://anchor.fm/theindependentdealer
The Independent Dealer Podcast has a brand-new look — but the same trusted insight you know and love. Berry Creative partnered with the podcast to reimagine their branding, from visuals to identity, giving the show a modern, professional edge without changing the core conversations that dealers rely on
In this episode, we share the behind-the-scenes of the rebrand and why “new look, same insight” perfectly captures the transformation.
✨ In this episode you’ll discover:
🎙️ Same powerful conversations. Same industry expertise. Now with a bold new look, thanks to Berry Creative.
Thank you for listening. We hope you learned something new. Let us know what you think.
-Leave us a review
www.theindependentdealer.com
Info@theindependentdealer.com
Support the businesses that support the podcast!
Blytzpay for your credit card processing and text communications. Tell them IDP sent you to get 3 free months!
https://www.blytzpay.com
Buckeye Risk Services for all your education and reinsurance needs
https://www.buckeyerisk.com
Taxmax for flexibility with your tax returns. Use the code “Podcast2024” for 40% off sign up!
https://www.taxmax.com
Ignite Consulting Partners are there to identify problems, create solutions, and help your business thrive!
www.ignitecp.com
Please subscribe, leave us a review, and share with a friend.
Connect with us online:
/ independentautogroup
/ jlukegodwin
/ sendtojeffw
Listen to all our episodes on Anchor:
https://anchor.fm/theindependentdealer