Questions?
When looking for an F&I partner for your dealership, it’s important to choose a company that knows your industry and is aligned with your vision of the future. Here are a list of frequently asked questions to help you make the right choice
Vantage is a virtual finance company that sells aftermarket products to consumers on behalf of the dealer and connects independent auto dealerships to competitive prime, non-prime and sub-prime lenders.
Click the “NEW DEALERS CLICK HERE” button at the top of the page to submit your information to Vantage. A representative will be in contact with you shortly.
Our lenders include Blue Ridge Bank and Trust, Veridian Credit Union, Flagship Credit Acceptance, Home Loan Investment Bank, Flagship, First Interstate and Greenstate. Not all lenders are available in every state. Call Vantage for more information 402.315.3329.
Once the credit application is received by Vantage, one of our finance professionals will review the applicant’s information and credit report. Our representative interviews the applicant to better understand their credit history and verify their credit application information. Once the lender decisions the application, the decision will be conveyed to the dealer through our system and via telephone. Once terms are accepted by the dealer and customer, Vantage prepares all required forms and reviews all contract information with the buyer and co-buyer. In this review, Vantage presents extended service agreement, GAP and tire and wheel options. (Vantage pays the dealer 50% of all back end products sold.) After the customer signs all paperwork, the dealer collects all required stips and remits the loan package to Vantage. Vantage processes the loan package the same day it is received. This process includes employment verification and stip review. The package is remitted to the lender and booked. Vantage contacts the dealer to advise the loan is booked. Funds are transmitted via ACH to the dealer as soon as the state is able to verify the title was issued to the new lienholder.
Access to the Vantage Portal requires a $69/$99 monthly fee, payable by ACH. Out of State title processing is performed by Vantage for NO extra fee! Vantage charges $239 fee per funded contract. Vantage shares a percentage of the products with the dealer. We share back end with the dealer to put more money in your pocket and offset the Vantage fee.
Once Vantage receives your application, membership form and additional requirements, Dealer Relations will prefill the Dealer Agreement documents and send then to all ownership electronically. Once completed by all ownership your Dealer Relations representative will issue your login credentials.
Depending on which mail service you use, once Vantage receives a fundable deal package and the lien is perfected and the title issued, you can expect funds to hit your account within 24 to 48 hours. It may take up to 48 hours for smaller banks to process our ACH. For example, if we release funds at 3PM on Tuesday, the dealer may not see those funds until Thursday morning. Most dealers will see funds hit their account on Wednesday. Keep in mind that sub-prime contracts take longer to fund given the level of diligence our lenders are required to perform to properly verify the information provided.
Vantage will be happy to advance the funds from the contract directly to your floor plan provider if they agree to send the original title to Vantage and the dealership agrees to allow Vantage to handle the title transfer to the new consumer. The customer or dealer must provide a notarized power of attorney, all required state emissions, safety inspections forms, proof of insurance and odometer statement in order for Vantage Finance to process the title transfer.
Unfortunately, we would be unable to pay your floor plan company directly. The dealer would need to enroll in the Vantage Platinum Program or payoff and register the vehicle to have the title issued to the lienholder before we are able to remit funds to the dealer.
Vantage is able to perform the title transfer once we receive all required documents, emission, safety, or VIN inspection forms and the current ORIGINAL title for the vehicle. Vantage will fund the dealer once all the required information is received. *the dealer must still guaranty title. Vantage performs this task as part of our value proposition and as a convenience to the dealer.
We can handle this two ways. You can perform the title transfer and lien perfection on your own, or submit the title and all required paperwork and safety/emissions tests to Vantage and we can take it from there. We can fund you once all the required forms are properly executed and received in our office.
Possibly. The Vantage Platinum Program allows the dealer to qualify for an exception, or a potential title float as we call it. To consider a dealer for the Platinum Program, the dealer must provide the last 6 months of bank statements, past 2 years tax returns and last year’s financial statement, among other items. Not all dealers will qualify. Call our Dealer Relations department for more information about this program!