Steve Cortes
  • Male
  • Port Orange, FL
  • United States
Share on Facebook
Share

Steve Cortes's Friends

  • Mike Elliott
  • Dennis Wagner
  • James Dalrymple
  • Stuart Landsverk
  • Jason Buchanan
  • Stan Sher
  • Eric Milak
  • susan fahnestock
  • Kelly Barbour
  • Terry Alling
  • Frank Cappiello
  • Dave Fortney
  • Jaime
  • Henry E. White, Jr.
  • Kylie Wright

Steve Cortes's Discussions

All Dealers Enrolled With Credit Acceptance

Started this discussion. Last reply by Steve Cortes Jul 27, 2014. 5 Replies

 

Steve Cortes's Page

Latest Activity

Steve Cortes replied to Travis Griffis's discussion Building relationships with banks, credit unions local finance offices
"You are correct about banks making their money on the interest. The only problem is that if the customer does not make the payments there is no interest. At that point the lender is spending money to locate and repo the vehicle, clean it up and…"
Feb 9
Steve Cortes replied to Travis Griffis's discussion Building relationships with banks, credit unions local finance offices
"   Straighten me out here guys. As a banker I am a bit confused as to why someone would be upset about a banker not willing to lend a bogue $5100 on a car the dealer bought for $3115. I have to assume that since the dealer paid $3115 that…"
Feb 6
Steve Cortes replied to Jason Vallett's discussion Great Finance Companies for Small Independent Dealer
"BHPH would be tough to do with limited cash even at tax time if your cars are floorplanned. Using the example given, if you own the car for $1500 and get $2000 dwn after you pay off floor plan and taxes you have 0 left. You could do BHPH on the cars…"
Feb 5
Steve Cortes replied to Jason Vallett's discussion Great Finance Companies for Small Independent Dealer
"     A question like yours , as shown will get a strong response from other dealers and many lenders. The correct answer depends on several factors. There are hudreds of great lenders out there but the right lender for you depends on…"
Feb 4
Steve Cortes replied to MICHAEL SOLOMON's discussion Credit Acceptance....
"Michael,      The are 2 options to enroll with Credit Acceptance, Option "A" and Option "B". Option "A", $9850 upfront. This option provides you additionally with 6 GPS units and a credit used towards…"
Aug 10, 2014
Steve Cortes replied to Steve Cortes's discussion All Dealers Enrolled With Credit Acceptance
"Grant,      Thanks for your response and I do appreciate your honest comments. As a Market Area manager for CAC I am just as frustrated as you are with the delay in the paperless program. The only justification I can give you is that…"
Jul 27, 2014
Steve Cortes replied to gdrum's discussion What do you do with your old late model trade-ins? BHPH? Lending ideas?
"If you are a CAC dealer you can utilze the 'Collection Only" program. With this program you can finance any make or model with no stips. Your down payment is your upfront money, CAC will collect the payments and send you 80% of the payment…"
Jul 21, 2014
gdrum replied to Steve Cortes's discussion All Dealers Enrolled With Credit Acceptance
"Steve, I have been with Credit Acceptance since March of 2013. To get signed up and moving my first few contracts was a very time consuming part. I probably had a year of time chasing the MAM to finally doing my first deal. The process to sign a…"
Jul 8, 2014
Steve Cortes replied to Steve Cortes's discussion All Dealers Enrolled With Credit Acceptance
"Tammy,      I am not your MAM but we met last year at a CAC meeting in Orlando. I will be giving you a call this morning regarding your concerns. Steve Cortes"
Jul 2, 2014
Steve Cortes commented on Timothy Dawson's blog post looking for advice
"Tim,    I would recommend all and more when it comes to referrals. Make it a part of your daily routine, put it on your business cards, put a sign up in your store, put the message on a mirror hanger in all of your vehicles, come up with a…"
Jul 2, 2014
Mesut Citiroglu replied to Steve Cortes's discussion All Dealers Enrolled With Credit Acceptance
"CAC and the caps program is genius. There really is like no other. No other lender for sub prime can compare."
Jun 27, 2014
TAMMY replied to Steve Cortes's discussion All Dealers Enrolled With Credit Acceptance
"I have been with CAC since May of 2013.  We love the program and the folks at CAC 800 support.  They are always on and friendly. Now I have extremely unhappy with our MAM.  When he was a MAM we didn't receive much help.  He…"
Jun 25, 2014
Steve Cortes posted a discussion

All Dealers Enrolled With Credit Acceptance

   I have been a Market Area Manager with Credit Acceptance for over four years now and consistantly receive feedback from the dealers in my market area, some good and some not so good but all feedback is always welcome.   I would like to open that same discussion with dealers not in my market. If you are enrolled with CAC I would appreciate feedback on what it is you like and/or do not like about our program. Is it the program your Market Area Manager said it was when he or she first…See More
Jun 20, 2014
Steve Cortes replied to Travis Griffis's discussion Making a profit with Westlake
"You can go with a company that has a program "Like" Credit Acceptance or you could go with Credit Acceptance. CAC goes back 15 model years and has no mileage limit. You can add a warranty to a vehicle with up to 175,000 miles at time of…"
Feb 6, 2014
Steve Cortes replied to gdrum's discussion What do you do with bad credit low low income buyers?
"   If your concern is only that you fear you will not be able to manage the payments and collections then CAC does have a program for you.    Pocessing the deal through CAC as a "Collection Only" account may be your…"
Oct 24, 2013
Steve Cortes replied to Ben Houser's discussion Going from Indoor Dealerhip to Outdoor Display Area
"Ben, I am a Market Area Manager for Credit Acceptance in Northeast Florida. I have a dealership I do business with in Port Orange, Florida (not a large town)that opened a lot similar to yours in a warehouse with no drive by traffic. With the help of…"
Oct 4, 2013

Profile Information

Company
Credit Acceptance Corporation
Position
Market Area Manager
Dealership, Allied Industry or Finance Company?
Finance Company
If Dealership, Franchise or Independent
Not Applicable
Your web site
http://creditacceptance.com
Biography/Work Summary
Americredit Financial, GE Capital Auto, First Union Bank, Sunstar Acceptance
Favorite Quote
"It's a new Morning in America", Ronald Reagan
Activities Away From Work
Woodworking, traveling
Birthday
January 26

Steve Cortes's Blog

If unemployment is at 9.0% why are dealerships, franchise and independent, not able to find employees.

Posted on November 6, 2011 at 9:00am 8 Comments

       I travel 5 days a week visiting dealers throughout Central and Northeast Florida. The one consistant question I get at least twice a day is, "Do you know any salespeople looking to work?" I hear this from both Franchise and Independent dealers. They seem to ask this question for two reasons. 1.) They have bodies, some trainable and some not so trainable, they are reluctant to let go until they find someone more qualified, and 2.) They just cannot find someone.

      I will…

Continue

Comment Wall

You need to be a member of Auto Dealer People to add comments!

Join Auto Dealer People

  • No comments yet!
 
 
 

© 2015   Created by Greg Goebel.

Badges  |  Report an Issue  |  Terms of Service