Marketing Ideas
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David Blassingame
- Male
- Richardson, TX
- United States
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David Blassingame commented on Marcie Belles's blog post 'N.Y. Auto Fraud Rings Scam 18 Lenders'
This was not an underwriting issue. All the drivers used their own good credit to qualify. They were all solid citizens. It was their credit history. Everything about the deals checks out because there's no fraud…
David Blassingame commented on Marcie Belles's blog post 'N.Y. Auto Fraud Rings Scam 18 Lenders'
We were hit about 8 or 9 years ago. They worked out of Arizona and Las Vegas. The only signs were that they all went through the same salesperson and the deals made too much money. There were no laws in Arizona that applied to this particullar…
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David Blassingame commented on Mike Gibb's blog post 'The Incentive Dis-Incentive'
Although what you report on retail purchases is true, the incentivised residuals on leases has returned, to the detriment of the industry. Ford and GM are begining to subvent residuals, even on their best sellers, by thousands of…
David Blassingame left a comment for Bill Thaxton
Bill, Thanks for the opportunity. Our business does not hold any paper on any deals we do. We broker everything. We have very little appitite for risk, either credit or residual. David
David Blassingame commented on Marcie Belles's blog post 'The Short-Term-Lease Dilemma'
So far, not too much. Small residual enhancements from some of the Asian manufacturer's captives. Nothing like we saw from the domestics prior to 2008. The enhancements I've seen from the domestics have been reduced…
Bill Thaxton left a comment for David Blassingame
David, I am representing a Houston based company with at least $4 million of equity on residuals for a 6,500 unit lease portfolio. My Houston client is planning to exit the residual management business in favor of another industry. Would you have…
David Blassingame commented on Marcie Belles's blog post 'The Short-Term-Lease Dilemma'
If the manufacturer's captives structure their 24/36 month leases with reasonable residuals, those short term leases won't hurt the industry. The risk is in enhancing residual beyond actual resale values. Then you…
David Blassingame replied to Marcie Belles's discussion 'Zero-Down Leasing' in the group Marketing Ideas
We can hope...
David Blassingame commented on Marcie Belles's video
Pretty amazing. No mention of any government policies or political pressures to reduce accountability to qualify for some of the mortgages that were a big part in the crash.
David Blassingame commented on Marcie Belles's blog post 'Dictating Consumer Demand'
This will be a non-issue. The next thing we'll see from Washington is a HEAFTY tax on gasoline implemented to pay for the new health care bill and the rest of the entitlement programs coming down the pike.
I can see it now…we’ll…
David Blassingame commented on Marcie Belles's blog post 'Thousand-Dollar Leases'
Thank goodness they leased them. Think how high the payments would be if they'd financed them!!!
Profile Information
- First & Last Name
- David Blassingame
- Corporate Title
- Managing Partner
- Company
- Autoflex Leasing
- Type of Company:
- Dealer
- Company Description
- Independent Auto Leasing and Sales
- City, ST
- Richardson, TX
- Which of the following best describes your title?
- Owner/Partner
Comment Wall (4 comments)
- At 12:08pm on February 17, 2011,
Bill Thaxton said…
- David, I am representing a Houston based company with at least $4 million of equity on residuals for a 6,500 unit lease portfolio. My Houston client is planning to exit the residual management business in favor of another industry. Would you have interest in viewing the ALG analytics on this portfolio? Again, my client owns the residual risk and not each lease. Let me know your thoughts. - Bill Thaxton
- At 12:28pm on October 5, 2010,
Glenn S. Gottfried said… - David, I will contact you to discuss how GripFin may be of assistance. We have a specialty in leasing. Thanks, GG
- At 12:24pm on October 5, 2010,
Glenn S. Gottfried said…
- David, thanks for your friendship. Are you attending the AFS? GG
- At 12:14pm on October 5, 2010,
Glenn S. Gottfried said…
- David,
It is my hope that 2010 ends well for you, your organization and our industry. I would like to introduce you to my company, GripFin, Inc., which provides advisory and investment services to auto portfolio buyers and sellers of all sizes and credit spectrums. I would appreciate your visiting my profile and inviting me to become your friend. Thanks, Glenn Gottfried, CEO, GripFin, Inc
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