Advance Funding Program (AFP)
- 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.
- 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.
- 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
Complete our online information request form or call 877-570-8857.