Auto Finance Companies

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Auto Finance Companies

Use this forum to ask questions or share information about auto finance and leasing companies. One suggestion - rather than writing on the "wall", keep the discussions organized by adding to an open topic or by starting another discussion.

Members: 297
Latest Activity: May 15

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Discussion Forum

Subprime lenders in Texas

Started by David. Last reply by Mike M Apr 12, 2012. 17 Replies

Western Funding has been sold

Started by Harlene Doane. Last reply by Don Jasensky Oct 18, 2010. 1 Reply

2010 Auto Finance Survey

Started by Harlene Doane Sep 14, 2010. 0 Replies

Portfolio Analysis Tool

Started by Lisa Bundy Jul 29, 2010. 0 Replies

Does anyone have some names of good lenders for independents?

Started by Anthony Haboyan. Last reply by Michalea Barrett May 5, 2010. 13 Replies

Credit Loosening Up?

Started by Harlene Doane. Last reply by Tom White Jr. Oct 25, 2009. 5 Replies

Cash for Clunkers Program

Started by Dugan Anderson. Last reply by Gene Daughtry Aug 16, 2009. 2 Replies

Gulf Financial

Started by Greg Goebel. Last reply by John Belo Jun 29, 2009. 3 Replies

Comment Wall

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Comment by Mike Dorazio on December 30, 2010 at 5:30pm
One good thing. This is the most activity I have ever seen on this site. :D
Comment by Jen Lowery Coppock on December 30, 2010 at 5:23pm
If you are in the Colorado, Arizona, California, Oregon, Nevada or Washington market, you may be interested in looking at my program.  Great alternative to BHPH, geared for Independent dealers but works in Franchise stores if you learn how to work it!  We love units up to 12 yrs old and up to 180k mileage... and we're old school... no scoring crap, deals are deals... and we have lots of money!
Comment by John Belo on December 30, 2010 at 5:14pm
Just curious Ben who do you do business with? These are sub prime deals, lenders and dealers understand that there is a cost and risk involved in this segment of our business. Each lender might not be for every dealer but dealers have a need for their services The dealer has to see who has the best terms,rates etc to fit their needs.
Comment by Mike "BK" Anthony on December 30, 2010 at 5:08pm
Ben, I have no problem with first payment defaults ( I could count on One hand how many over 15 years I have had) as long as I know the rules going in! Things happen in secondary and I can deal.  My main issue is 1. changing the deal without good cause. 2. slow funding.
Comment by Mike Dorazio on December 30, 2010 at 5:06pm

Westlake is on top of their game. They fund quickly and have a full spectrum. 6 total programs that compete in all areas. You must educate yourself on the programs and you will make a lot of deals. :D

Comment by Ben Misra (secondarypro) on December 30, 2010 at 5:02pm
I dont remember if ACC is FPD.
Comment by Ben Misra (secondarypro) on December 30, 2010 at 5:01pm

Its the first payment defaults I never liked.

Santander,UACC,Westlake,etc all have first payment defaults, I would never ever do business with FPD companies.

Comment by Jeff Carress on December 30, 2010 at 4:56pm
Thanks Ted and HAPPY NEW YEAR! to you and Johnathon and your crew from all of us at ACC.  Uncle Jeff
Comment by Ted Heater on December 30, 2010 at 4:50pm
We can't get Westlake to buy anything. We used to do 15 deals a month with them. And, we had the same issue with a deal that was "re-scored." I can't get $6,000 cars with $5,000 down to work. I'm not sure what's going on at Westlake? We've had good experiences with the people who work for them, but something changed on our end. Glad we have ACC to fill that void for us.
Comment by Ted Heater on December 30, 2010 at 4:46pm
Who's the dealer in Missouri Uncle Jeff? Haaaa....ACC is the real deal. Sign up ASAP. The only hitch is having the right inventory, but you'll figure it out. 2006-2009 vehicles that book for under 9k and have less then 70k work the best! We're getting ready for TAX time so we can put even more deals together. Good luck. Oh, and e-mail me with any questions. theater.carsmart@yahoo.com. Thanks, Ted 
 

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