When dealing with a one-stop financing program, like the one offered by Foundation Finance Company, dealers often want to know how to minimize their discounts. For a finance company who offers full service A, B, C and D lending, there is a fine line between discounting enough to cover real losses and staying competitive with […]
Making the most of credit approvals Read More »
“Chop shop.” That’s a term some dealers use to describe a finance company that offers discount financing programs. Doesn’t sound very positive, does it? But without discount programs, many customers would not qualify for financing … which means fewer sales can be closed. And fewer sales means lower profits. What is discount financing? Many banks,
Discount financing … friend or foe? Read More »
“6 months same-as-cash.” “No payments for 90 days.” “Payments as low as $49/month.” Why do you think “Big Box” retailers like Best Buy or Home Depot are always advertising their special financing promotions? Because it works. Actively promoting financing plans helps attract new customers and to get those “on-the-fence” buyers to say yes. The most
Using financing to drive sales – 3 "must-dos" Read More »
Most people know a little bit about credit scores and understand that having a good credit score is important for a variety of reasons. Without a good credit score, it is difficult to borrow money, get insurance and even find a job. But a person’s credit score is not the only factor lenders consider when
Understanding credit – is FICO the whole story? Read More »
You’ve probably seen the offers in furniture stores, “Big Box” retailers and doctor’s offices: “No payments for 90 days” or “12 months same-as-cash.” Dealers and retailers across many different industries have learned that deferred payment or same-as-cash promotions can be a powerful sales tool that not only helps them sell more, but also benefit their
Promotional Programs – Proven Selling Tools Read More »
Thanks for visiting our website. If you are looking for competitive consumer financing programs for both prime and subprime customers, you have come to the right place. Learn more about our programs by browsing the links at the top of the page or give us a call at 1-855-241-0024 to speak with a representative. About
Note: Use of the terms "Loan," "Lender" and "Borrower" is for ease of reference only. Financings are in the form of retail installment contracts ("RIC").
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