February 25, 2008

The subprime market in 2008

A recent article in Automotive News was titled “Lenders shun subprime market.” Here at Auto Credit Express, we know that the subprime market changes with the fluctuations in the marketplace, but the changes seem to be happening much more quickly in 2008…
(Read More…)

Comments (0)




February 21, 2008

How do you follow up your special finance customers?

Most dealerships have a follow up system for all their customers, but the special finance customer has special needs…
(Read More…)

Comments (0)




February 18, 2008

Change in the subprime auto loan landscape?

Here at Auto Credit Express, we were reading a recent article in Automotive News thatwas titled “Lenders Shun Subprime Market”. Does this mean the end of your subprime department? How can LotProOnline software help you out?
(Read More…)

Comments (0)




February 14, 2008

Subprime managers, have you ever forgotten a deal?

Here at Auto Credit Express, I sometimes forget a great idea that I had for an article about sub prime, which leads me into today’s topic…
(Read More…)

Comments (0)




February 11, 2008

How many sub prime lenders are you currently using?

Here at AutoCreditExpress.net, I often wonder how a special finance manager can keep track of all the different banks and programs.

You can’t keep track of all the different banks in your head!

When I first got into subprime, it was difficult keeping track of all the programs. If I was using 4 or 5 different banks, I would compute the down payment and the resulting payment of each of the banks on the back of a booking sheet for each car in inventory.

If I had 35 cars in inventory, that meant computing 5 different scenarios for each vehicle for each car – 175 different computations in all – what a pain!

Give me a break!

Fortunately, times have changed. LotProOnline has the ability to handle multiple programs at multiple banks and give you a precise snapshot of the best cars for each deal – in order of gross profit – to let you know which cars work best for each individual deal.

The Bottom Line

Don’t limit your department to only a small number of lenders, just because keeping track of them is difficult. Open up your department to a wide range of subprime lenders and let LotProOnline keep track of the lending parameters and gross profits of each lender for every car you have in stock!

Don’t spend another minute doing things manually. Contact us at 888.535.2277 or by using our quick contact form.

Comments (0)




February 4, 2008

How to keep track of your customers in the sub prime sales process

Here at Auto Credit Express, I am surprised by the number of special finance managers who say they can keep track of all their deals “in their head”.
(Read More…)

Comments (0)




February 1, 2008

It’s the first of the month. How long will it take you to re-book your inventory?

Many of us here at Auto Credit Express can remember the pain of having to manually re-book the used car inventory every month. Needless to say, it was not something to look forward to…
(Read More…)

Comments (0)