Why You Should Encourage Car Buyers to Make On-time Car Payments
The Lot Blog Title
The Lot Blog
For car buyers, making on-time car payments should be as important as purchasing a vehicle because of the impact on-time payments can have on their credit. Dealers have the opportunity to build trust with their customers by: 1) approving car buyers with credit problems for auto financing, and 2) making customers aware of the fact that on-time payments can improve their credit score.
Let your customers know that Credit Acceptance reports to the three major credit bureaus — Equifax, Experian and TransUnion — giving your customers the opportunity to improve their credit scores by making on-time payments and potentially helping them move on to traditional financing. Dealers also benefit from customers who repay their contracts, because dealers share in the cash flow generated by customer payments over time when dealers are enrolled in the Portfolio Program.
If you are interested in learning more about becoming an enrolled dealer, visit our website for more information.