John Douglas's Friends

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John Douglas's Discussions

Has Craigslist changed their TOU?

Started this discussion. Last reply by Thomas Ieracitano Jan 20, 2010. 11 Replies

 

John Douglas's Page

Profile Information

Company
Fultondale Auto Sales
Position
Owner/Manager
Dealership, Allied Industry or Finance Company?
Dealership
If Dealership, Franchise or Independent
Independent
Your web site
http://fultondaleautosales.com
Biography/Work Summary
Trucking 1975-1990
Restaurant 1990-2006
Used Vehicle Dealer 2006-Present
Favorite Quote
Take the bull by the horns...
Activities Away From Work
Golf, family
Birthday
December 24

John Douglas's Blog

What is the most efficient method to develop lender relationships for a small independent dealership?

Posted on July 16, 2009 at 11:36am 12 Comments

Brief bio on our store:

Been in business just over three years at the same location. Built a new facility last year. Nothing spectacular, just an attractive 1600 ft building. We're on a 1 acre plot located on a busy major highway, and have good visibility and walk-in traffic. We usually have 25-30 unit inventory. $5K to $12K retail.



We've been with CAC for almost two years, and are about halfway to capping our first pool. CAC is about our only option, unless the customer brings… Continue

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At 1:36pm on July 17, 2009, E. Dwight Cope said…
The non-prime and sub-prime lenders are not doing much with independent dealers and nothing with new dealers. The local credit unions might be a choice for non and sub-prime contracts. What is left is special finance lenders who will work to put the hard to finance customer in a vehicle. As in building a relationship with lender that takes time. The cleaner the paper work you submit the faster they can give you approvals and as for Western Funding as soon as we have the orginal documents we fund.
 
 
 

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