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Special Finance Auto Leasing Program
Sub-prime finance managers are always on the lookout for new lending sources. Over the last couple years we’ve seen quite a few finance companies fold up shop because they could not secure funds. During that same time, a new special finance auto lease program has been gaining popularity.
We’ve gotten some great feed back from car dealers that subscribe to our special finance leads regarding Auto Trakk leasing. A special finance lease program available to franchised and independent dealers in Indiana, Kentucky, Maryland, Michigan, New York, Ohio, Pennsylvania, Virginia, and West Virginia.
Auto Trakk focus’ on a customers stability instead of their credit rating, they typically finance consumers with a 3 year work and residence history. Similar to buy here pay here lending payments are remitted weekly to Auto Trakk. As such, consumers are required to have a credit or debit card from which they can remit payment.
Additionally, a shut off device is place on the vehicle; once payment is made the consumer is issued a code to enter into the shut off device. All payments are reported to the major credit reporting agencies allowing customers with a good payment history to rebuild their credit rating.
The leases are short term ranging from 24 months to 42 months, and unlike a buy here pay here program qualifying vehicles are newer cars with lower mileage; customers can also get approved with as little as $1,000 cash down.
Car dealers that utilize this special finance lease program are seeing better gross’ when compared to other lenders that cater to the deep sub-prime consumer. For more information, you can visit their website or call them at (570) 329-1000.