Used Vehicle Financing – Lender Profiles and Loan Minimum requirements

Generally the range of FICO accepted ranges from 650 to as low as 500 offered by a few select vendors. The lower your FICO, the more the end user can expect to put down as a deposit, and will pay a higher APR.

finance luxury vehicles too...

finance luxury vehicles too…

This schedule give you a “real time” snapshop of available Loan Packages. From looking thru, you will get a good feel for if your customer (the end user) can qualify for a vehicle…and if the vehicle qualifies the loan. Take a look and see if things make sense…then give me holla and I will put you in direct contact with my local person (who is located just 10 minutes drive from my Lawrenceville, Ga office)

Lender SnapShot – Example #1  Minimum FICO 650 2000 minimum monthly income Loans from 7000 to 40,000 2012 or newer Needs cust email Open Car Loan considered Bankruptcy must be dismissed 2 yr

Lender SnapShot – Example #2  Fico 650 1800 minimum monthly income 10000 Minimum financed 2011 and newer SUV/Pick ups 2013 and newer cars Up to 110000 miles SUV/Pick ups Up to 75000 miles cars Down payment required Bankruptcy must be dismissed 1year

Lender SnapShot – Example #3  Fico 650 2000 minimum monthly income From 10000 to 250000 2013 and newer 50000 miles and less No fees or discounts Bankruptcy must be discharge 1 year

Lender SnapShot – Example #4  Fico 650  1200 minimum monthly income 2000 Minimum financed 12500 max finance 1999 and newer Up to 175,000 miles Discounts from 20 and up Bankruptcy must be dismissed 1 year

Lender SnapShot – Example #5  Fico 650 Rates start at 18% 1800 minimum monthly income 4000 Minimum amount financed 25000 Max Finance Bank Fees from 0 to 399.00 First Time Buyer 17.5k Max program Bankruptcy must be dismissed 18 months Dealer Sign up before submitting

Lender SnapShot – Example #6  Fico 650 10 years or newer 125k Max Mileage 145% of NADA Clean Trade Discounts 15-30% 1800 Minimum Income 20000 max loan
Lender SnapShot – Example #7  Fico 650  2500 minimum monthly income From 12000 to 200000 100k or fewer miles 2013 and up No prior repo or settled auto accounts Bank Fee 195

Lender SnapShot – Example #8  Fico 650 2000 minimum monthly income From 7500 to 250000 2005 and newer 99000 miles and less No fees or discounts to Dealer Bankruptcy must be discharge 1 YEAR

Lender SnapShot – Example #9  Fico 650 900 minimum monthly income 4000 minimum amount financed 2001 and newer Up to 125000 miles Discounts from 500 to 20% Bankruptcy must be discharged 1 year Geographic restriction can apply.

Lender SnapShot – Example #10  MILITARY ONLY 

Minimum FICO 500 1000 minimum monthly income Minimum financed amount 4000 2002 and newer Up to 89000 miles Bankruptcy must be discharged 1 year

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Funding for Florida or Georgia Dealer License and Auction Access services

Unlimited Funding for Dealer License and Auction Access services

dealer financing

funds to set up your Dealership

Contact me, Gerard Fairley right away at my Phone or Email

Unsecured Business Financing (UBF): the Hidden Gem of Business Financing

If you want to start your Used Car Dealership business or secure general financing with no collateral or cash flow requirements, you can be approved for Credit-Based Financing — No Document Funding that is also Perfect for Florida Dealer License Packages, Georgia Dealer License Packages, and even our Auction Access Programs ($4999 Unlimited Transporter Plates Package) Startups and requires no financials. These include:

  •  Business Credit Cards
  • Business Lines-of-Credit

  • Collateral Required:  Strong personal credit (guarantor OK)
  • Line Amounts: $10,000-$250,000
  • Term: Revolving credit cards
  • Rates:  0% APR typically for 6-18 months, after that 5-29% APR, 8-12% success rate fee paid after funded
  • Credit Requirements: Excellent personal credit required with 650 or higher credit score, no late payments or derogatory credit within the  last 12 months can be on personal credit now, no open collections or bankruptcies, less than 3 inquiries in the last 6 months on consumer credit report

Details:  Approval amounts are typically 5 times the amount of their existing highest seasoned limit credit card, must have open credit cards with balances below 40% of their card limits

Deal Submission requirements: Application, credit monitoring login credentials

You can also be approved for niche financing for your business even with average credit including:

Contact me, Gerard Fairley right away at my Phone or Email

  • Equipment financing (purchase, Sale-Leaseback, Leasing)
  • Working Capital
  • Auto Dealer Floor Plan Financing
  • Vehicle Wrap Financing
  • Over the road Truckers
  • Or Any Business Venture!

 

Small Business Loans Simplified

We make it easy for you to secure a small business loan based on your business strengths. Less than 2% of business loans come from conventional banks. This is because in today’s economy most business loans are obtained through alternative financing, meaning it’s now easier than ever for you to be approved.

Access to over 2,000 lenders… to insure you get money at the best terms

  • Over 30 funding programs available… means you can get more money than you’ll ever one with just one source
  • Rates are as low as 2%… our collateral-based loan programs offer you the lowest interest rates available with business financing
  • Fast closings, get your money in as little as 72 hours… our fast funding program helps you get money in your bank account in 3 days or less
  • Bad credit, no problem… if your business has cash flow of $10,000 or more monthly OR collateral, you can get approved for business financing even with personal credit Issues
  • No doc funding… even if you have no cash flow or collateral, if you have good personal credit you can still qualify for our no doc funding even if you are a startup and have no tax returns
  • Build your business credit… even if you can’t qualify now for a business loan, you can still get business credit for your company right away
  • Certified finance officers build your business blueprint… you have your own finance expert who works to get you the most funding at the best terms

Contact me, Gerard Fairley right away at my Phone or Email

Competition doesn’t exist

Competition is the friction that you need to help you create your the unique branding that will easily attract your core customer base.

These core customers will, in turn, refer you to their network. This is how you grow a business. Not by complaining about the competition. Not by complaining about low or too high prices. Not by complaining how unfair things are.

You excel and succeed by creating friction (“competition”, etc.) to give yourself a reason to self-motivate yourself to greater heights!

Everything serves you…including the “competition”.

Bring it on 💪🏿😆!

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Free 3-5 Day vacation giveaway

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Even the hardworking entrepreneur needs a vacation. When you signup with any one of our Auction Access or Dealer Licensees plans, you will receive this valuable gift.

Free 3-5 Day Vacation 😎🏨🌅🏖🏝🛳✈️

https://autodealerlicensenow.com/free-vacation/

For existing customers (who have not received a vacation this year), feel free to pick a location and send me an email (not text). I’ll send it to you when I get back to my laptop.

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