Lenders


If you are getting into the subprime business, establishing connections with the right kinds of lenders is essential. To make lender relationships easier to navigate, we offer information about how to find, communicate and work with the best lenders both nationwide and in your specific area.


Bad  Credit  mortgage  problems  could  affect  the  auto  loan  sector  business Bad Credit mortgage problems could affect the auto loan sector business

Analysts fear that the recent troubles in the sub prime mortgage industry could damage the auto loan financing sector.

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car loan contract Getting Your Sub Prime Car Deals Approved

Getting sub prime customers approved for a car loan is as much as art as it is a science. 1. Know the Deal - Have the deal in front of you and know it inside and out. Analyze the bureau and credit application. Obtain information from the customer on critical issues involved in their credit history and prepare your story for the lender. 2. Integrity It is a proven fact. Dealers who build good relationships with lenders get more marginal deals done. Be up front and forthright at all times. Never lie or intentionally misrepresent a deal to the lender. 3. Accuracy You can not kink deals. The application and other paperwork must be accurate. You can not stretch even a little. Everything must be verified. Remember, the customer's goal is to obtain a vehicle. A desperate individual may attempt to mislead you. You are cautioned to always verify the accuracy of the data provided to you by the customer. 4. Analysis Do not shotgun deals. A proper analysis will point you to the best lender available. It is costly and time consuming for lenders to process these applications. They watch funding to application ratios carefully. Dealers with unacceptable ratios can be "cut-off" by the lender.

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Special  Finance  Car  Sales  and  Sub  Prime  Auto  Lenders Special Finance Car Sales and Sub Prime Auto Lenders

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3252 University Drive, Suite 250
Auburn Hills, MI 48326
Phone: 888-535-2277
Fax: 248-370-6601
Phone: 888-535-2277 - Fax: 248-370-6601

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