The Lot Blog
If you’re a Buy Here Pay Here car dealer, chances are you already offer your own, in-house vehicle financing to car buyers with bad credit or no credit. If this is the case, you may not see the benefit in working with subprime...
Millennials (people born from 1981-1996) are an important car-buying generation for today’s car dealers. According to an article by Max Digital, 34 percent of millennials intend to purchase a vehicle in the next 12 months, and this trend will...
There is a significant number of car buyers who have difficulty getting approved for financing through traditional lenders due to having bad credit or no credit history. According to Experian’s 2019 Q2 State of the Automotive...
Projections for new and used car sales in 2020 are making their way around the auto industry.
Used Car Sales
Used car sales are expected to rise through 2020, according to Edmunds.com, while used car prices are...
There’s a lot that goes into managing a car dealership. As more car buyers begin their car search online, it’s important to ensure the information...
As with any other business, there are always opportunities to improve your car dealership business. As you’re mapping out your car sales strategy for 2020...
There’s an entire market of car buyers with bad credit or no credit who need credit approval and a second chance to improve their credit. The Credit Acceptance auto finance program was designed for car dealers like you to offer credit approval to every customer, regardless of his or her credit...
For many car dealers, tax season can result in a substantial increase in car sales due to eager car shoppers with a tax refund check burning a hole...
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While it’s the most wonderful time of the year for retail sellers, the holiday season can be a slow time of year for car dealers. Many consumers...
In order to sell cars, you need to have a variety of inventory on your lot. One of the main advantages of enrolling in the Credit Acceptance auto finance...
One of the keys to achieving success in the car sales business is building trust among potential car buyers. The more trust and goodwill...
Like any other business, you want to ensure you are driving leads and foot traffic to your car dealership. But with so many other dealerships out there...
As with any other business, running a dealership requires a lot of work. You need a constant flow of prospective and repeat customers to keep your business...
Two primary factors that car dealers typically consider when enrolling in the Credit Acceptance auto finance program are:...
For many car buyers with bad credit or no credit, getting approved for auto financing can be a challenge. Fortunately, there are banks, credit unions and...
One of the good things about offering subprime auto financing is that it allows dealers like you to help car buyers with bad credit or no credit...
If you are turning away potential customers due to bad credit or no credit, offering subprime auto financing may help your dealership sell more cars. Subprime auto financing gives dealers the opportunity to offer credit approval to...
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...
Having the ability to offer credit approval to car buyers with bad credit or no credit history established is an advantage many Buy Here Pay Here (BHPH) car dealers can offer if they work with a subprime auto financing company. A key benefit...
Car buyers with good credit typically have a better chance of obtaining credit approval from traditional finance companies...
