Traditionally, automobile dealerships have had a “red phone” communication with lenders. Speaking directly to an underwriter has historically made it easy to discuss options for your customers and find them the right solutions for their unique needs. Lately, the trend has been leaning toward a more automated process, and this…
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The Impact of the CFPB’s Changes on Lenders and Dealerships
The Consumer Financial Protection Bureau is concerned with rising costs in the automotive industry but, since the agency has no oversight of car dealerships, the…
Love It Or Hate It, Online Car Buying is Here to Stay
The days of customers wandering into your dealership looking for their next car may be nearing an end. Buying cars online is growing in popularity,…
The Electric Vehicle Market is Growing: Are You Ready?
For consumers facing sticker shock at the pump, it may be time to consider shifting to a fuel-efficient, low-emission electric vehicle. The electric vehicle market…
How We’re Helping the Vehicle Inventory Shortage
Supply chain disruptions have led to the current shortage of new vehicle production, but not for the reasons you may think, such as a decrease…
Turn Browsers into Buyers with Subprime Auto Loans
While any financial institution will quickly approve borrowers with great credit scores, those with less than stellar scores are often overlooked. With the right partner…
Subprime Car Loans: Why You Shouldn’t Dismiss a Customer with Less than Perfect Credit
It’s easy for auto lenders to overlook an important segment of car buyers; those with imperfect credit. After all, that credit history tells the complete…
