Credit Builder: The Perfect Finance Program for Auto Dealers in the Digital Age

If you're an auto dealer in today's marketplace, you know securing funding for customers with low credit scores is challenging. Subprime and deep subprime finance sources are fewer, and getting customers funded is more difficult.

The industry's newest Point-of-Sale Program, our Credit Builder program, offers subprime financing allowing dealers to expand their customers.

With over a decade of experience serving automotive finance professionals, Glenview Finance has designed this unique program to help dealers grow their businesses. With a minimum FICO score of 500 and a down payment of $1,500, Credit Builder helps most car buyers get behind the wheel of the vehicle they need and can afford.

What sets Credit Builder apart from other subprime auto finance programs is that we designed it to be simple and intuitive, with all terms, conditions, dealer incentives, and pricing tiers concisely laid out in just two pages.

The application process is fast and straightforward, and dealers can directly connect to Glenview's underwriters via phone or email, ensuring we meet customers' needs promptly.

Moreover, Glenview's sophisticated, intelligent algorithms assist its underwriters in swift decision-making, ensuring our underwriters make funding decisions within the hour. With fast turnaround times becoming the industry standard, Credit Builder is a leader in the marketplace.

The subprime marketplace is underserved, and the numbers speak for themselves. According to a recent survey by Experian, subprime auto loan originations rose by 11.4% in the third quarter of 2022, with the average subprime credit score at 538. The report also found that the average subprime loan amount increased to $18,267.

With such robust growth in the subprime auto loan market, it's clear that dealers need a program that can meet their clients' needs. With its competitive rates, flexible terms, and fast turnaround times, Credit Builder is the perfect solution for dealers of all sizes. Whether you're a small retailer or part of a larger dealer group, Credit Builder can help you provide your customers with the financing they need to get behind the wheel of their dream car.

Call Glenview Finance today at (877) 413-5929 and select Option #1 to learn more about how Credit Builder can help you grow your business.

How Glenview Finance's Credit Builder Program Can Boost Your Subprime Sales

As an auto dealer, you know that subprime customers are a valuable source of revenue for your business and are underserved in the marketplace. Securing financing for these customers, however, can often be a challenge. Glenview Finance's Credit Builder program focuses on deep subprime financing and assists modern automotive retailers succeed financially.

At Glenview Finance, we understand that the subprime market is complex and competitive. That's why we've developed Credit Builder with sophisticated, smart algorithms that assist our underwriters in making quick decisions that benefit both our dealer clients and their customers. For example, our simple and intuitive point-of-sale program concisely outlines all terms, conditions, dealer incentives, and pricing tiers in just two pages, making it easy for sales teams to understand and sell.

But it's not just about simplicity — our Credit Builder program is also incredibly fast. When a deal meets our parameters and all the boxes are checked, we can decide in minutes and provide funding within 48 hours. This fast turnaround time is crucial in today's market, where customers demand and expect quick financing decisions.

Moreover, our underwriters have authority to match or beat any direct competitor. Whether it's dealer net proceeds, the rate, the term, or all three, we are aggressively competitive.

We offer financing to customers with a minimum of a 500 FICO score, six months on the job, a $1,500 down payment, and a $25,000 maximum amount financed. Contract terms vary by vehicle age ranging from two years old and newer to 60 months and 8-10 years (max) to 39 months, and mileage ranges from 50,000 miles to 60 months and 100,000-130,000 miles (maximum) to 39 months.

Our Credit Builder program is perfect for smaller retailers but can also meet the needs of larger dealer groups. With fewer deep subprime finance providers and tighter credit stips, dealers of all sizes need a program that makes good financial sense for them and their clients.

At Glenview Finance, we provide that personalized touch that dealers miss and want, with a program that helps them grow their business by providing capital and deep subprime auto financing for consumers.

Don't miss out on the subprime market opportunity — partner with Glenview Finance and take advantage of our Credit Builder program today. Call (877) 413-5929 and select Option #1 to learn more.

Glenview Finance Debuts 'Credit Builder' Deep Subprime Finance Program

CHARLOTTE, N.C. (April 7, 2023) — Glenview Finance, a capital provider for buy here-pay here (BHPH) dealers, has debuted "Credit Builder," a subprime automotive finance program designed specifically for the modern automotive retailer in a digital age.

Launched in January 2023, Glenview prudently conducted a soft rollout of the program to ensure the highest satisfaction levels for its dealer clients and their customers. With all personnel, procedural, and policy goals met, Glenview will intensify its sales and marketing efforts.

"Developed over 24 months, we painstakingly made sure dealers would embrace this new source of deep subprime funding," said John Donaldson, Glenview Finance President. "We utilize sophisticated, smart algorithms to assist our underwriters in swift decisions with maximum benefit for our dealer clients and their customers."

Glenview made every effort to ensure Credit Builder is a simple and intuitive point-of-sale program. All terms, conditions, dealer incentives, and pricing tiers, are concisely laid out in just two pages. Dealers apply using DealerTrack.

"When a deal meets our parameters with all the boxes checked, we can decide in minutes and provide funding within hours or the next day," said Kyle Heintschel, Glenview's National Sales Director.

Fast turnaround times for funding decisions have become the industry standard, and Donaldson insisted Credit Builder be a leader in the marketplace.

"Our turnaround times are the best in the business, but we're also going to adhere to our guidelines strictly," said Jeremy Wood, Underwriting Manager. "If the customer doesn't meet our parameters, we'll let you know immediately."

Donaldson quickly added that Credit Builder Program is aggressive in the marketplace, and underwriters have the authority to match or beat any direct competitor.

"Whether it's dealer net proceeds, the rate, the term, or all three, we will be assertively competitive," Donaldson said.

Credit Builder's competitive rates and flexible terms will help most car buyers get behind the wheel of the vehicle they need and can afford. For example, contract terms by vehicle age range from two years old and newer to 60 months and 8-10 years (max) to 39 months. Similarly, mileage ranges from 50,000 to 60 months and 100,000-130,000 miles (maximum) to 39 months.

Credit Builder offers financing to customers with a minimum of a 500 FICO score, six months on the job, a $1,000-$1,500 down payment, and a $25,000 maximum amount financed. The application process is fast and straightforward.

Dealers directly connect to Glenview's underwriters via phone or email, so phone messages, prompts, or web links to frequently asked questions are not time-consuming.

"When you call the underwriter, we typically answer the phone or call back within minutes," Wood said. "We know how frustrating it is when a customer anxiously awaits a decision or needs an answer to a question, and you can't get someone to respond."

Donaldson said Credit Builder is perfect for that smaller retailer but can also meet the needs of a larger dealer group.

"Dealers of all sizes see fewer deep subprime finance providers and tighter credit stips," Donaldson said. "When we did our research, we learned dealers miss and want that personalized touch. So we provide that with a program that makes good financial sense for them and their clients."

About Us

Glenview Finance has more than a decade of experience in serving automotive finance professionals by providing them with unique programs designed to assist them with growing their businesses by providing dealers capital and offering deep subprime auto financing for consumers. In addition, leadership at Glenview has nearly 100 years of experience in accounting, finance, and subprime finance. The company operates in 13 states on the Eastern Seaboard, the Midwest, and Texas. Call (877) 413-5929 and select Option #1.

Contact

Kyle Heintschel

National Sales Director, Glenview Finance

(281) 949-7712

Kyle@glenviewfinance.com