Finding the right lending partners to accelerate your dealership’s business can be a challenge.  When obtaining financing for your dealership it’s important to choose a company that knows your industry and is aligned with your vision of the future.  

As an independent dealer the process of seeking out the best F&I options to suit your needs can seem especially daunting.  Not only are you looking for a partner with solid lending programs, competitive rates and flexible terms, but one who also takes the time to get to know your unique circumstances and offer personalized solutions.

Obtaining a retail financing source for your dealership’s customers is not always a clear path. Here are the steps you can expect to take to secure the best financing options for your dealership:

  • Determine eligibility

Some lenders are not able to work with independent dealerships.  It’s important to confirm your eligibility before taking the time to apply.  Do your research first and be sure to reach out to lenders if that information isn’t included on their website before you spend unnecessary energy on filling out paperwork.

  • Find lenders that align with your needs

What are the most important factors to you and your customers?  What are the goals for your dealership? Keep these thoughts in mind as you sort through your F&I options.

  • Looking good to lenders

Lenders are looking for strong personal and business references, a clean criminal record, how much you have in inventory, your location, how long you’ve been in business and more.  These factors are crucial and can play a large part in gaining access to a new retail financing source. 

  • Contact the lender and apply

Once you narrow down your best options, send an inquiry and have an initial conversation with the lender to discover next steps.  Most lender enrollment packages include a Dealer Agreement, Personal Guarantee, Program Outline and various banking and dealership information forms.

Vantage Finance can connect you to independent dealership friendly lenders to expand your financing options and give your customers the competitive prime, non-prime and sub-prime lenders they’re looking for.  We would love to be an extension of your team. Get started today!