Hi, my name is David and I am new to the forum and fairly new to selling cars. I am in central Texas and my background is in auto repair, not sales. I have sucessfully repaired and flipped cars for…Continue
"do you also have a related finance company?
If so, you are better to borrow for the finance co from him and then use the funds to purchase the discounted retail contracts. There are tax considerations on any loan and on the deductibility of the…"
"What is your "BUY BACK" policy? example.... if your subprime customer does not pay his first 3 car payments.... would the dealer have to buy back that loan? I remember dealing with a company like that. Not going to say any names but…"
"CPS has seven proven programs for all of your subprime needs. We allow up to $30,000 amount financed with no FICO restrictions in our upper tier and allow up to $15,000 amount financed for those with rough credit or no credit history at…"
We provide Deep Subprime financing solutions which allow you to earn up to 90% of amt. financed over time for BHPH type financing. We pay 50% now ,plus we finance Warranty, VSI and GPS. You earn as the…"
I think the biggest problem you will have with any lender is the 5 car inventory you have on your "dirt" lot.
Most lenders would like to see some real investment in inventory.
As far as companies go. Westlake would be a good…"
"Hi, my name is Ian Anderson, President of Westlake Financial Serv. We offer a full spectrum of financing from prime to deep subprime as well as a profit sharing program. We have rates as low as 9.99% for customers with 580…"
I have attached the links to some of the great & aggressive Sub Prime Lenders we are partnered with.
Prestige Financial: http://www.gopfs.com/
Tidewater Finance: http://www.twcs.com/