Buying Out a Lease If you love your leased vehicle, buying out a lease at the end of its term may seem like a good idea. Opting for a lease buyout loan may provide you with the funds needed for this purchase. However, before applying for a lease buyout loan, there are certain considerations you [...]
Running a successful dealership requires more than having a good location and a lot full of vehicles. It even takes more than having a top-notch sales staff and a great website. Those things definitely help, but you can’t afford to overlook the importance of in-house financing, too. Understand how to properly set up your [...]
If you run a small dealership, you know that it often takes a little more work to win over customers than it does for your larger rivals. This is why financing for small car dealerships is vital to your success. Despite what some small-dealership owners think, you shouldn’t try operating without an F&I department. 3 [...]
Running a successful used car dealership has changed a lot over the years. One of the biggest changes has been how important it is to offer financing. Without it, your used-car dealership is vulnerable to the competitors that do. There is no shortage of used car dealer financing companies out there that can help with [...]
If you’ve made the decision to start your own car dealership, chances are that you already have a good amount of experience in this field. Most new owners do. Often, they worked their way up to managing a sales department at another dealership before finally taking the leap. However, while understanding a lot about cars [...]
Independent dealer financing is an often-overlooked capacity that can deliver higher revenues and profits for pre-owned car sellers, and it can be added to your independent dealership at little or no expense. Independent Dealer Financing in the Current Market Financing is an important element in most automobile transactions, with more than 85% of new car [...]
Subprime auto lenders for independent dealers can be very important partners for these small businesses, which do not have the benefits of scale or corporate-level partnerships enjoyed by franchise dealers. There are substantial benefits offered by targeting this segment of the market, and utilizing the right partners can make the process very efficient for dealers, [...]
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 [...]