Question:
I have a small dealership, 10-12 cars. I do not want to deal with the hassle of going through in-house financing. I know there are many sites that advertise auto loans, but the majority of them just refer people to a dealer who buys the leads. What I need are sources to refer my customers to obtain their own financing. Most of them have marginal to bad credit. What would be ideal is a site where I can sit the customer down, have them put in their information, and get a decision quickly, and a check sent to either me or the customer. Does anyone know of any sub-prime lenders who give online approvals?
Answer:
careful scammers love this...
nope
Why don't you set up your own finance & insurance person. The lenders will offer your customers a fair rate(based on their credit scores) and you will recieve income because you will be acting as the lenders agent. That way you don't have to carry your own financing on the cars.
Most major banks have dealer lending groups you can talk to.
Try this site
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