BLOG FOR SPECIAL FINANCE CAR DEALERS
Bad Credit Auto Loans for Consumers
Not every auto dealer has the special finance lenders, used car inventory, car dealership personnel, and subprime auto sales system in place to process, and get approved, bad credit auto loans for consumers with a wide array of credit situations.
Auto Credit Express hand picks each car dealership for their ability to get bad credit auto loans approved. The fact is that there are nearly 20,000 franchised dealers in the United States, yet only 5% of these dealers meet our stringent criteria.
Questions we ask our potential dealer partners
What subprime auto lenders do you have in place? Do you have just a handful of automotive lenders in place to handle easy sub prime car deals, or do you have special finance companies to cater to people with bad credit scores, lower incomes, and moderate cash down payments?
How’s do you own your used car inventory in relation to NADA and Black Book values, and what is your average ACV? Can you stock cars back of book with lower ACV’s or are you merely buying cars that appeal to your traditional retail customers?
Do you have the personnel in place to process hundreds of special finance leads each month, or do you have an isolated, one man show, special finance department?
And finally, process; does each person in the store understand their role, and can each person execute their responsibilities relative to subprime auto sales? If not, how can you change the culture to achieve long term, high volume, success in subprime car sales?
Many dealerships that do not meet our criteria are attracted to subprime auto sales. When you look at the auto dealership next door , it’s easy to see how more subprime car sales can add to your bottom line.
So what can your store do to take advantage of the increasing amount of people with bad credit looking for reputable car dealers to help them with bad credit auto loans?
Simple, take the Blue or Red Pill?
The Blue Pill will leave you as you are, in a life consisting of habit, of things you believe you know. The blue pill symbolizes the status quo.
The Red Pill will answer the question, how do I gain long term success in subprime auto sales? The red pill symbolizes calculated risk, doubt, and questioning.
If you’re willing to take the Red Pill, and achieve long term success in sub prime auto sales, give us a call today at 888.535.2277.
May 26th, 2010 at 8:58 am
Its true that there are very few special finance companies to cater to people with bad credit scores, lower incomes, and moderate cash down payments.
But this can be sorted out by the solution you have mentioned.
Similarly a solution is there for the effective auto dealership management.xauto dealer software is a complete solution for your auto dealership management.