Advance Funding Program (AFP)

Do you:

• Have trouble getting lower credit score deals financed?
• Have customers walk off your lot only to do business with competitors down the street?
• Lack the resources or the desire to hold these deals on your own books?
• Consider the CAR Financial Services Advance Funding solution.

Program Focus:

• Sell a Buy Here Pay Here product while avoiding the added expense of setting up a BHPH operation
• Sell to customers that would not normally qualify for standard financing
• Create an additional source of REVENUE using trade-ins that would normally be taken to auctions or wholesaled

Advantages to You:

• A new source of revenue with UP FRONT PROFIT on hard to place customers
• Make additional profits on trade-ins or vehicles that don’t normally qualify for traditional sub-prime financing
• Additional customers for your dealership
• Diversified market-share to insulate you against slow sales periods.

Program Parameters:

• Selling price maximum of 135% of NADA Retail Value
• Minimum residency and time on job of 6 months
• Terms up to 30 months (depending on age and mileage of vehicle)
• Maximum amount financed of $8,000
• Minimum income of $1,500/month
• Low minimum FICO
  

For more information
Contact your CAR representative
Or call 877-570-8857

Interested in more information on any of our programs and services?
Complete our online information request form or call 877-570-8857.