Lenders

Because consumers are researching their auto financing options online before they visit a dealership, your store should work to increase its online presence.

A recent study found that lender relationships is the most important factor in car dealer satisfaction, as opposed to the more commonly-held belief it's interest rates.

The automotive industry is seeing slowing new car sales, a widening gap between new and used vehicle payments, and tightening dealer margins. Dealerships can embrace relationships with credit unions, both as a source of financing and in other unique ways, to boost profitability amid these changes.

Auto Credit Express has been providing car dealerships with quality subprime auto leads for over 20 years, and we also want to help if you are looking for the best subprime lenders for independent dealerships.

Finding subprime auto lenders to work with your customers can be a challenge, but we take the hassle and stress out of searching here at Auto Credit Express. Our subprime lending directory can help you find the best auto financing sources around.

It's wise to have a wide range of lenders at your disposal to get your car dealership's customers financed. Subprime lenders are able to take on the high-risk borrowers others won't, and the rewards can be well worth the risk.

Similar to last year, the 2018 J.D. Power Dealer Financing Satisfaction Survey found that dealer satisfaction with lending partners depends on fast and meaningful communication with credit staff.

The latest data from Equifax shows that lenders are continuing to tighten up and pull back from subprime auto lending. At the same time, delinquency rates are rising, so the subprime slowdown is likely to continue.

Turning a consumer into a loyal customer is a great way to boost sales and increase word-of-mouth recommendations, but did you know that you could be missing out on a large pool of car buyers?

Black Book Lender Solutions, the finance company of the wholesale valuation guide, recently surveyed dozens of auto finance company executives. The survey inquired about their thoughts and feelings about the auto finance market in 2016 and moving forward.