In an industry that is continually becoming more competitive, dealers need to maximize every opportunity they can to build wealth – both inside and outside the dealership operation.
Opportunities outside of the dealership are typically referred to as “profit participation” programs. There are different types of programs available to dealers (retro programs, reinsurance, etc.), and AutoMethod will help you pick the program that is the best fit for your organization.
After setting up a profit participation program, it is equally important to monitor its performance. AutoMethod is committed to proactively keeping dealers informed of the financial health of their program by completing frequent reviews with their clients. Reviews consist of claims and loss ratio analysis, in addition to portfolio performance if applicable.
Access to Capital
Profit participation programs allow you access to tax-free capital for your next business venture or real estate purchase. At AutoMethod, we help you access this capital so you can focus on continuing to grow your business.
Profit participation programs create many opportunities to pass on wealth in a tax-free manner. Whether it is passing your dealership on to the next generation, or simply managing your estate, AutoMethod can help you navigate these opportunities.
Existing Program Review
For dealers currently in a profit participation program, AutoMethod can perform a complimentary review of your existing program. We have found that for too long, dealers have treated their portfolios as “bonus money”, instead at asking “how much more could I have and how do I maximize this opportunity?"