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Tips, hacks,
Advice
Learn the tips of the trade to the wonderful world of cars. Not every post may be suitable for your dealership dream and that's okay. Take what does and continue your journey. Have questions or topics you'd like discussed, reach out and let us know!
All Posts
Dealer Diaries: A Beginner’s Guide to Thriving as an Independent Used Car Dealer
Welcome to Dealer Diaries, where we share practical tips for running an independent used car dealership. If you’re a complete newbie with...
Nykky Lopez
Jun 293 min read
A Comprehensive Guide to Monthly Inventory Reporting for Car Lot
Running a business that involves inventory management comes with a variety of responsibilities, one of which is complying with local tax...
Nykky Lopez
Jun 255 min read
Mastering the Buy-Here-Pay-Here Model: Essential Tips for New Dealers to Mitigate Risks
It's sometimes better to prepare for the worst and hope for the best. Don't get blind sided but set yourself up for success by implementing these key things.
Nykky Lopez
Jun 244 min read
BHPH & Repos : I learned the hard way
In the buy-here-pay-here (BHPH) financing model, the dealer acts as the bank, reaping all the profits but also bearing all the risks. If...
Nykky Lopez
Jun 242 min read
It’s All About Your Network
In the car sales business, success hinges on relationships—not just with your customers but also with your network of industry...
Nykky Lopez
Jun 245 min read
Navigating the Car Flipping Game: A Deep Dive with Dealer Diaries
Posted on June 20, 2025, at 10:27 PM CDT Flipping cars for profit is like a high-stakes treasure hunt—thrilling, risky, and full of...
Nykky Lopez
Jun 245 min read
Securing Your Dealership Location: Nail It or Face Costly Delays
Welcome to The Dealer Diaries , where we pull back the curtain on the gritty, rewarding journey of becoming a licensed car dealer in...
Nykky Lopez
Jun 246 min read
Unlocking Profits in Bank Retail Financing: A Beginner’s Guide to Building Your Lender Network
If you’re just starting out in the world of bank retail financing for your auto dealership, you’re stepping into a realm where...
Nykky Lopez
Jun 246 min read
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