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Advance Funding Program

As an automobile dealer, do you have difficulty getting those lower credit score deals financed? Do you have customers walk off your lot only to do business with your competitor down the street? Do you either lack the resources or the desire to hold these deals on your own books? Consider the CAR Financial Services Advance Funding solution.

This program is designed specifically for large independent and select franchise dealers (50+ auto sales per month).

Program focus:

  • Dealers can sell a Buy Here Pay Here product while avoiding the added expense of setting up a BHPH operation.
  • This program allows dealers to sell to customers that would not normally qualify for standard financing.
  • Dealers should use this program to supplement their existing business and not as their only source of revenue.
  • Autos used in this program would normally be trade-ins that would be taken to auctions or wholesaled.

Advantages to you:

  • Additional customers for your dealership
  • Make additional profits on trade-ins.
  • A new source of revenue
  • Diversified market-share to insulate you against slow sales periods.

Some program parameters:

  • Up to 24 month financing on deals less than $7,000
  • Up to 30 month financing on deals of $7,000 or more.
  • Vehicles can be sold up 110% of NADA Retail with trucks, SUV, and select imports up to 125%. See your Account Representative for details.

Here's how to get started...

  1. Complete and submit our online information request form.
  2. Provide account history.
  3. We will review and provide a proposal based on the receivables you have identified.
  4. Provide paperwork (contract and title).
 
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