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The Lot Blog

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Knowing the Difference between Traditional and Subprime Auto Financing

Being a car dealer that offers subprime financing in addition to traditional auto financing can work to your advantage in a couple of ways: 1) it gives you the ability to offer credit approval to car buyers with bad credit or no credit (who would otherwise have been denied approval by traditional finance companies), and 2) more customers who receive credit approval means more car sales which, of course, means more revenue for your business.

Enrolling in the Credit Acceptance auto finance program will enable you to offer fast and easy credit approval to every customer, regardless of credit history. If you are interested in learning more about subprime financing and becoming an enrolled dealer, fill out this form to get started.