Working with Self-Employed Car Buyers

car dealer smiles at happy couple

For self-employed car buyers, getting approved for auto financing with traditional auto lenders and finance companies can sometimes be more challenging – especially those with bad credit or no credit history. This presents a unique opportunity for your car dealership to offer auto financing that approves everyone, regardless of their employment status or credit history.

If your dealership has turned away potential car buyers due to self-employment and/or their credit history, here’s how you can approve them as an enrolled dealer in the Credit Acceptance program:

  1. Enroll in the Credit Acceptance auto finance program.
    Car dealerships enrolled in our program can provide written credit approval to every customer who walks into their dealership, enabling them to serve more customers, sell more cars, make more money and help car buyers purchase an affordable and reliable vehicle that meets their needs.

  2. Educate self-employed car buyers on their auto financing options.
    Being an enrolled car dealer in the Credit Acceptance program places you in the position to educate self-employed car buyers on their auto financing options and offer them a solution to buy a reliable car on credit.

  3. Enter every application into our proprietary Credit Approval Processing System (CAPS®).
    Generate an approval on nearly every new or used vehicle for every customer, regardless of bad credit or no credit history. With CAPS, you can easily structure deals that are profitable to you and affordable for your customers.

Credit Acceptance works with more than 12,000 franchise, independent and BHPH car dealers across the nation to help them sell more cars and make more money. Last year, enrolled dealers received nearly $4 billion in total funding and more than $185 million in Portfolio Profit.

If your car dealership wants to increase its car sales by offering more credit approvals, simply fill out the form on our website to learn the benefits of becoming an enrolled dealer in our dealer finance program!

Become an Enrolled Dealer Today!