Auto Credit Express Blog
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.
