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    1 Reply Latest reply on Oct 17, 2009 12:02 PM by phanio

    Looking for additional funding

    red21264 Newbie
      Hello. I am the special financing manager at a decent sized car dealership. I am looking for addtitional options for funding. I am looking to fund deals for people with poor credit (not terrible) and people with good credit that don't have down payment money to cover inequity in their trades. I am in PA.
        • Re: Looking for additional funding
          phanio Pioneer
          Many companies (lender, banks) have what is termed indirect financing - where you write the paper to their standards and they fund. Look at companies like Wells Fargo Financial or Citifinancial - they have indirect financing programs that may be exactly what you are looking for. Keep in mind that no one funds bad credit and very few fund poor credit - also the level of what is considered poor credit has risen.

          Check with the national banks in your area - many of them have subsidaries that handle problem credit loans.

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