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.