Finance source for smaller dealers

[Tallcool1]

Hi there. I've been in the lending space for several years and I can help you with vehicles you can't get financed. We sign up any used car dealer...all qualify. Modified vehicles, salvage, older, high miles...etc. Please visit our site LendingMojo.com and submit your information. Someone would be happy to explain our program to you. Free to join by the way

Can you please email me [email protected] Thank You

 

[Lending Mojo]

Happy to help with financing. We work with any dealer and can help with 600+ fico customers on ANY collateral you sell.

Free to sign up

 

[flosho]

any further updates on this stuff as we are currently transitioning from a 3rd party financing vendor to working directly with banks/CUs and need solid nation wide options

 

[Ryan Everson]

any further updates on this stuff as we are currently transitioning from a 3rd party financing vendor to working directly with banks/CUs and need solid nation wide options

In the current climate, it's more difficult than ever for a independent dealer to get lender partnerships. Many lenders have completely cut off independents, opting for franchise dealers only.

Have you considered acquiring a Mitsubishi franchise?

 

[Lending Mojo]

We created our financing program to help our independent dealer friends while they struggle to find lenders. Happy to help. Please reach out anytime.

 

[Alex Snyder]

We created our financing program to help our independent dealer friends while they struggle to find lenders. Happy to help. Please reach out anytime.

Two things:

1. Thank you for giving DealerRefresh an example of the right way for a "vendor" to participate in a thread. You're on topic and presenting something useful in a way that doesn't come off as a sales pitch.
2. I'm very curious in how your services work for my other company (FRIKINtech). We can use more lenders for the independent market and all it takes is a rate sheet to make it happen. I'll direct message you to see if we can get your program in front of our clients.

 

[BPFUNK]

any further updates on this stuff as we are currently transitioning from a 3rd party financing vendor to working directly with banks/CUs and need solid nation wide options

Any recommended 3rd party financing vendors? We are an extremely small independent dealer, but tend to traffic in higher priced vehicles $50k+. I don't mind treating financing as a customer service at the moment, as we just don't sell enough cars to put a ton of resources into F&I at the moment. We are in Colorado.

 

[Tallcool1]

Any recommended 3rd party financing vendors? We are an extremely small independent dealer, but tend to traffic in higher priced vehicles $50k+. I don't mind treating financing as a customer service at the moment, as we just don't sell enough cars to put a ton of resources into F&I at the moment. We are in Colorado.

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.

 

[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.

 

[BillVaughnKMC]

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.