Auto Credit Express Blog
August 1, 2008
Time to take a second look at Special Finance
With many of the major players pulling out of leasing, it might be time to expand your dealership’s lending horizons by getting into special finance.
The latest news
Here at Auto Credit Express, we read the same news that you do, and the news coming from many of the major lenders this week has not been good. Chrysler Financial will no longer be in the leasing business. Ditto for Wells Fargo. GMAC has stopped making subvented leases in Canada and is considering a similar move in the U.S. In the mean time, most major national and regional lenders are raising their lending standards and cutting back on the number of contracts they’ll be buying this year. Faced with all this, what can the average dealer do to keep paying the rent?
It’s time to get serious about Special Finance
Did you know that over 40% of the auto buying public has a credit problem that will hinder their ability to get a conventional loan? In a way, subprime is a lot like trouble: if you’re not looking for it, it’s not there. If you are, it is.
We have the Training.
We have been in subprime since 1999. Do you have someone that is loyal, has been with the dealership for a while and that you would like to give a pay increase and promotion to? We will train him/her and ensure that you have all the tools for success.
Our leads are based upon our consumer-friendly, dealer-centric web sites. These sites are seen on all the major portals – Google, Yahoo! and MSN.
Our LotProOnline software is the most advanced subprime desking solution available today. It will increase your efficiency and your bottom line.
Take your business to the next level.
To compete in today’s retail environment, you need to stay ahead of the competition. Contact us today to see why over 500 dealers across the United States. take advantage of the training, traffic and technology that we offer. For more information, call us at 888.535.2277 or by using our quick contact form.
