If you've always dreamed of owning your own business and you have a passion for automobiles, then starting your own independent car dealership might be a good fit for you. Considering consumers are always in need of quality new and used cars, owning a car dealership offers a promising career path. In order to help [...]
Bank reps will walk through your dealership’s doors regularly with new programs or fresh strategies designed to sell more cars. However, if you’re not careful, you could end up with more sources than you need. Lenders are looking for more contracts to build their loan portfolio, not just more applications. Look-to-book ratios will be monitored [...]
Refinancing your car loan could save you thousands of dollars over the life of your loan, so it’s important to keep up to date on the options available to you and know where to find the best auto refinance rates. Most financial institutions will refinance auto loans – banks, credit unions, direct lender and market [...]
Did you take out an auto loan to pay for your car? Borrowing money to buy a car isn’t a life sentence. There are times when it makes sense to re-evaluate your loan to see if you could potentially save money by refinancing. Refinancing a car loan involves taking on a new loan to [...]
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 [...]
As an independent dealer, you understand the importance of securing solid financing options for your clients. After all, offering retail financing is the key to helping you sell more cars as well as boost your bottom line with backend products. But how do lenders view your independent dealership? It boils down to risk and cost. [...]