3 Used Car Dealer Best Practices that Can Help You Generate More Clients
There’s a big difference between new and used car shopping. New car buyers are often looking for their dream vehicle. Used car buyers are more likely to be on a budget. But whether a consumer is buying new or used, they will most likely need to finance their vehicles. Only 36% of buyers purchase their […]
Subprime Auto Loans: Myths and Misconceptions
Experian Automotive, the leading global information services company, recently found that subprime auto lending “has continued to show steady growth and remarkable stability.” Contrary to popular belief, subprime and special finance auto leads do not significantly hurt the status of other auto dealer leads or the economy as a whole. While many are concerned about […]
Securing a Subprime Auto Loan Can Change a Person’s Life
For a person whose financial situation isn’t stable, buying a car can be a stressful experience. However, one of the best ways to pull yourself out of a financial rut is by buying a car. The impact having a car can have on families can be immense. Not only does having a car improve a […]
3 Mistakes to Avoid When Negotiating an Auto Loan
Finding decent car loan leads can be tricky for many new and used car buyers, and in many cases, dealerships can trap you into thinking that the deal they’re offering is better than it actually is. Approximately 43% of car buyers finance their vehicles, and many are paying for their mistakes, quite literally. To make […]
Ford Offers 72 Month 0% Down Financing as Auto Loan Default Rates Rise
One automaker is offering an attractive new type of auto loan, but not everyone is convinced it’s a good deal for borrowers. Ford is now offering 72 month financing and 0% down on their vehicles, but as auto loan defaulting surges, the company could be leading buyers down the wrong path. The “Ford Freedom” sales […]
3 Reasons to Use a Provider For Auto Lead Generation
It’s easy to forget that behind every subprime lead is a living, breathing human being, just like it’s easy to forget that subprime financing generates $10 billion in revenue every year. But many professionals find it difficult to consistently generate — and market to — new subprime auto leads. That’s where using an outside provider […]
Subprime Auto Loans: Buy a Car, Even With Bad Credit
Having to deal with a bad credit score can be scary, especially when trying to shop for a car. Even with a decent credit score, most people need some help when it comes to purchasing an automobile: just the interest on auto financing alone generates $98 billion in revenue every year. But if you have […]
Capital One Takes on Increasing Numbers of Subprime Auto Loans
In finance, subprime lending means giving loans to individuals who may have difficulty obtaining traditional financing, sometimes because of setbacks like unemployment, divorce, medical emergencies, and other difficult situations These loans, often referred to as near-prime, non-prime, and second-chance lending, have become more popular since the years of the financial crisis, but they do come […]
Quick Tips for Generating Special Finance Auto Leads
Generating auto sales leads can be difficult enough without the hoops and red tape sometimes associated with special finance auto leads. However, this market is one of the most important and lucrative areas you can corner as a regional dealer or lender. So if you’re looking to get a head start on your competition, special […]
The Best Strategies for Maximizing Special Finance Auto Leads Online
Generating special finance auto leads through the internet can save your dealership time, money, and a lot of hassle. More and more, potential car-buyers with bad credit are searching online before contacting any dealerships in person. They may fear rejection from auto dealers or are simply embarrassed about their credit situation: subprime leads come from […]
