CDANA eNewsletter

 

Dear CDANA Dealers,

Hope you are all enjoying warmer weather. First, we want to thank our sponsor, Foundation Finance. They are currently running a special so be sure to check their website for your financing needs. In addition, we have links to the 2015 Convention highlight photos. Finally, we have a couple of articles that we thought were interesting to pass along.

Thank you all for your continued support of CDANA!

CDANA Communications Committee

Chris Lane
Jeff Vinyard
Bob Boerner
Donna Bruner
Andy Cowan
Dick Lambert

Volume 5, Issue 2, 2014

October 29-30, 2014
2014 CDANA Board of Directors
Mid-Year Board Meeting
Hyatt Regency Monterey Hotel and Spa
Monterey, CA

April 8-11, 2015
2015 CDANA Convention & Product Fair
Hyatt Regency New Orleans
New Orleans, LA

April 8-11, 2015
2015 CDANA Convention & Product Fair
Hyatt Regency New Orleans
New Orleans, LA

Foundation Finance offers new promotional options

Foundation Finance Company (FFC) is launching some new program features and lower- priced promotional options beginning May 1, 2014.

“Our philosophy is to offer long-term, competitive plans that our dealers can build on for years to come, rather than short-term specials that disappear after a few months,” says Andrea McCullion, senior vice president of marketing. “We’ve taken feedback from our dealers and are rolling out some great changes to help them close more sales.”

  • LOWER PAYMENTS: A 1.5% revolving payment factor will be allowed on all SuperPrime (Tier 1) and PrimePlus (Tier 2) bids. These tiers are for “A” credit customers who are approved at 100%. For dealers who prefer installment loans, terms up to 120 months will be allowed for all 100% bid loans.
  • LOWER PRICING: Same-as-cash pricing is being lowered: 6 months’ SAC will go from 3.5% down to 2.75% and 12 months’ SAC will go from 7.5% to 5.5%. Several other great options will be available at new, lower pricing.
  • ACH BONUS: For loans approved at 100%, FFC will pay a 1% bonus if the dealer signs the customer up for ACH payments. The bonus continues to be 2.5% if it is a discounted deal.
  • EASY DOCUMENTS: Some enhancements to the Kwik-Dealer web portal will make it easier for dealers to see what promotion options are available on each loan approval.

Enrolled dealers will see complete details in their email and mail by the end of April. Winners of the St. Thomas, U.S. Virgin Islands trip in the Foundation Fiesta 2 contest will also be announced the first week of May.

FFC offers “one-call” lending for prime, near-prime and subprime customers, a variety of competitive APRs and promotional programs, a simple, online loan management system that includes electronic signing options, and friendly, personal dealer service and support.

Enrolling as an FFC dealer is free and easy. Contact Sabrina at 715-573-4535, Sadie/ Andrea at 1-855-241-0024 or email sales@foundationfinance.com for complete program details.


CDANA Convention Photo Gallery

2014 CDANA Convention & Product Fair was a huge success. The second highest attended convention in CDANA history. To see photos from the convention, visit our photo gallery.


5 Ways To Project Confidence

I’ve been studying confidence (especially as it relates to the ability to deal optimally with change) for the past 25 years. Confidence is the personality trait most responsible for an individual’s ability to deal well with organizational transitions. Confident people are self-motivated, have high self-esteem, and are willing to take calculated risks.

Here are five ways to build your self-confidence:

1. Play to your strengths

I once gave a speech for the senior management team of a software company in Silicon Valley that was relocating out of state. A few days later the president of the company telephoned me to say, “I have an administrative assistant who is probably the brightest, most creative person I’ve worked with. The problem is, she’s married and can’t move her family. I was wondering if you would see her for a private coaching session, so that when she applies for a new job, she will come across just as terrific as she really is. I’ll gladly pay for the session.”

Of course, I agreed, and looked forward to meeting this talented woman. When she came into my office I said, “This is a real pleasure. I’ve heard so many terrific things about you. Tell me about yourself. What is it that you do exceptionally well? What would you most want a prospective employer to know about you?” The woman was silent for several seconds. Finally she sighed and said, “I really don’t know. I do a lot of things well, but when I do them, I don’t notice.”

Read more...


Einstein's Theory of Selling

Did you know that Albert Einstein had a theory on selling? He said, "Doing things the same way you always have and expecting the results to be different is insanity." He may not have realized it at the time, but what better theory to apply to selling? Selling is complex and we face many challenges. We think that doing what we've always done is a strategy for success. Yet the choices we make are critical to our success. As your new year unfolds, what are you planning to do? Is it more insanity or getting different results?

Doing it. What do you want to do different? Sometimes when we're busy doing our job we lose sight of where our challenges are. What has stressed you? Think about all the times you thought last year "if only I could do X," "if only I knew more about Y," or "there's got to be a better way to do this." Maybe it was putting a bid proposal together, addressing the time inefficiencies of business travel, or improving your use of technology. Remember those thoughts and make a plan to incorporate them as goals in your 1999 selling. Write your goals down, set a due date and quantify how you will achieve them.

For some people, it's hard to be creative and come up with new ideas for change. Get others to help you achieve your goals. You don't have to reinvent the wheel. There are enough salespeople, books and Internet sites that can be ready sources of guidance. Expect that it may take time to see results. Just remember, if you're going to be complaining to yourself this year about something you faced last year, you're contradicting Einstein's Theory of Selling.

Read more...

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