May 12, 2008

Put away that shotgun and make peace with your lenders

With the number of subprime lenders scaling back their loan portfolios, it’s more important than ever to start treating the remaining ones better – and that includes the elimination of “shot gunning” deals.

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April 7, 2008

Adjust your subprime inventory now

Now is a good time for special finance managers to look at their inventory mix and adjust it to fit new bad credit auto loan buying patterns…

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March 27, 2008

LotProOnline teams up with Dealer Specialties

Now it’s easier than ever for Special Finance Managers to keep their inventory accurate and up-to-date…

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March 22, 2008

Why You Need Auto Credit Express Subprime Leads – Reason #3

Here at Auto Credit Express, our subprime leads are better because our lead customers are prepared for the dealer process…

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March 13, 2008

Special Finance Managers: How will your customers find you?

Here at Auto Credit Express, it’s sometimes the little things – the attention to detail – that can make the difference between a smooth sales transaction and the other kind…

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March 4, 2008

Why buy subprime leads from Auto Credit Express?

Here at Auto Credit Express, we are often asked why we spend the extra money and effort to make our web site as informative and educational as it is. Why don’t we make a blind site, like the hundreds of others out there? Why not hear what one of our recent customers has to say…
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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…
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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.

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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”.
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January 30, 2008

Is AmeriCredit’s bad news bad news for sub prime?

Here at Auto Credit Express, we were just as surprised as Wall Street by AmeriCredit’s announcement that they lost $19 million in the last quarter. Does this mean that the entire automotive sub prime market is in trouble?
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