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Rookie question - are these companies like CUDL the best opportunities to add lenders?We've been struggling with lenders for our customers as we have limited options and now that the banks are tightening the purse strings even further, we are losing deals. We are an independent dealership with about 35 cars for sale and will be ramping up to 50-60 cars this year.We've been using an "outside F&I" department(company) and then have a couple CU and banks that we work with locally, directly.Is the best option to cold call banks and CU or are these financing groups required to get solid financing options. I see dealers have hundreds of options for financing and we probably have 15.
Rookie question - are these companies like CUDL the best opportunities to add lenders?
We've been struggling with lenders for our customers as we have limited options and now that the banks are tightening the purse strings even further, we are losing deals. We are an independent dealership with about 35 cars for sale and will be ramping up to 50-60 cars this year.
We've been using an "outside F&I" department(company) and then have a couple CU and banks that we work with locally, directly.
Is the best option to cold call banks and CU or are these financing groups required to get solid financing options. I see dealers have hundreds of options for financing and we probably have 15.