If you’re looking to purchase a new or used vehicle, you’re going to want to do your research on the average auto loan rates based on your credit score. Why? Your credit score, along with factors such as your debt-to-income ratio, plays a significant role in which lenders will be willing to work with you [...]
Are you a small auto dealership looking for help staffing your F&I department? Or are you looking for ways to downsize on-premises staff in favor of a fully remote F&I team that can still get the job done right without negatively impacting your customer’s experience? Either way, a worry-free, turnkey F&I team with Vantage Finance [...]
Trying to find an establishment that offers hassle-free commercial and business finance can be quite an overwhelming process—especially if you are a newer business entity. You have to take the time to research all your options, what they offer, and more. The good news is that there are many wonderful options, including Vantage Finance, that [...]
What is Guaranteed Asset Protection? Guaranteed asset protection (GAP), also called “gap” insurance, covers the difference between a vehicle’s actual cash value and the amount that is still owed on the vehicle in the event that it’s determined a total loss. A total loss could be an accident that causes the vehicle to become undrivable [...]
Cars are a global necessity, and the auto industry shows no signs of slowing down soon. With the constant demand for vehicles, auto dealerships are realizing how important it is to partner with reputable finance companies to provide loan servicing for their customers. According to FICO's 2019 Consumer Survey, 63% of customers in the U.S. [...]
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 [...]
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. [...]