Finance source for smaller dealers

[BPFUNK]

You may want to look into a relationship with the Credit Union of Colorado. They are on CUDL which you may not want to invest in. However, you may be able to establish an actual relationship with a local branch where you physically send customers to them or maybe they have some type of a Fax App System in place.

Thanks for the response...I'll have to dig up a contact at Credit Union of Colorado. We snuck our way into CUDL for a short period of time, but couldn't justify the monthly fee for our deal flow (It was like $750 a month). Many of our deals tend to be out of state, so a go-to national lender that has a polished customer experience what I need in a perfect world.

 

[BillVaughnAlWestNissan]

Thanks for the response...I'll have to dig up a contact at Credit Union of Colorado. We snuck our way into CUDL for a short period of time, but couldn't justify the monthly fee for our deal flow (It was like $750 a month). Many of our deals tend to be out of state, so a go-to national lender that has a polished customer experience what I need in a perfect world.

$750? That seems expensive. I am remembering the monthly subscription only being like $350. I could be remembering it wrong.

 

[BPFUNK]

$750? That seems expensive. I am remembering the monthly subscription only being like $350. I could be remembering it wrong.

Yeah $750 seemed expensive to me as well. At some point thats fine, but the CUDL offering was much more helpful for local deals but less so out of state. Hoping to just develop a go-to contact for all our buyers...

 

[BillVaughnAlWestNissan]

Best of luck. @Tallcool1 is a PHENOMENAL source of information for a store like yours. Trust him.

 

[Tallcool1]

Best of luck. @Tallcool1 is a PHENOMENAL source of information for a store like yours. Trust him.

Thanks Bill. Yes, it used to be $350 as you remember. CUDL has done a really good job of slowly and steadily raising the fee. I believe mine is now $615. However, it is worth every penny. I have one lender that I use outside of CUDL and ironically it is another Credit Union that prefers RouteOne to CUDL...probably because the lender fees are so much lower. I am not sure.

 

[Tallcool1]

Thanks for the response...I'll have to dig up a contact at Credit Union of Colorado. We snuck our way into CUDL for a short period of time, but couldn't justify the monthly fee for our deal flow (It was like $750 a month). Many of our deals tend to be out of state, so a go-to national lender that has a polished customer experience what I need in a perfect world.

Trina Larson
larsont@cuofco.org
(303)906-1368