Local car dealerships that finance bad credit

    • Sample Report - National Automobile Dealers Association

      Know your marketplace. Watch for important economic indicators such as monthly new‐car registrations, the state of the local real estate market and indications of adequate credit availability for your customers. Look at local employment by major employers of your customers. Look for measures of


    • [PDF File]BUY HERE, PAY HERE

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      finance lenders. Charge-offs for special finance lenders in the fourth quarter were the highest since 2006 and averaged $8,772. 5) BHPH operators again found inventory acquisition to be challenging. Lower new car sales from 2008-2012 provided a limited supply of BHPH vehicles (usually more than 4 years old), which kept auction prices high.


    • [PDF File]Loan Discrimination At The Auto Dealership: Current Cases ...

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      local bank or credit union is a good example. About one-third of all buyers rely on the first class, auto dealers, to finance their new car.2 Few prospective buyers obtain their own financing, prior to setting foot inside the showroom floor. For those that obtain prior financing, they have the significant


    • [PDF File]Auto-Sales Fraud Litigation Shows Rampant Consumer Abuse

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      out of more than $341,000. William Bennett, owner of several now-defunct Bennett used car dealerships in Pinellas County, Florida, pled guilty to conspiracy and was sentenced to 40 months in prison and three years of supervised release in May 2001. Investigators determined that Bennett altered paperwork to fabricate car deals which never occurred.


    • AN INSIDER’S GUIDE TO CAR FINANCING

      Dealers help car buyers secure credit by maintaining direct relationships with banks, finance companies and credit unions. Dealers will usually sell your finance contract to one of these finance sources. Because of the amount of business dealers do with these finance sources, their familiarity with local and national lending policies


    • [PDF File]Chapter 5. Used Vehicle Sales - NIADA

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      • Financial institution to finance the purchase. • Finance contract terms and conditions (ex. amount of monthly payment, length of contract and interest rate charged). • Purchase of finance and insurance products, such as accident and health insurance, credit life insurance, or extended service contracts for future repairs.


    • [PDF File]Predatory Subprime Auto Lending in New York April 2015

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      Bad credit lenders and dealerships target the most financially vulnerable NY consumers, those who have bad credit, previous bankruptcies, previous foreclosures, and even previous repossessions. Some lenders even market specifically to those on a fixed income like Social Security Disability. Economic Risk


    • [PDF File]FACTS AND STATISTICS ON THE USED MOTOR VEHICLE INDUSTRY A ...

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      The 2017 Used Car Industry Report shows the positivity, improvements and increased confidence experienced by virtually all of the used motor vehicle industry over the past six months. Each year this report offers more data and greater insight into our industry. It’s become a go-to resource for many local, state and


    • [PDF File]DISCRIMINATION WHEN BUYING A CAR - National Fair Housing Alliance

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      vehicle and “Buy Here Pay Here” car dealerships.5 This investigation focused primarily on indirect lending. In direct lending, consumers apply for and obtain loans directly from a credit union, bank, or other lending institution. These lending institutions are not directly tied to any car dealership but offer


    • [PDF File]Lender Directory Listing

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      AmeriCredit, a leading non-prime auto finance company, focuses on building strong relationships with their auto dealers. AmeriCredit does business with approximately 12,000 franchised dealers and select independent dealers supported by an experienced team of credit and sales professionals. Contact your local


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