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Posts Tagged ‘bad credit dealerships’

Bad Credit Auto Leads – How to Qualify

Posted on: December 2nd, 2011 by credit

 Bad credit auto leads, or sometimes referred to as special finance leads, are lists of applications of people with bad credit.  Their bad credit does not necessarily mean that they are irresponsible payers.  The economic crisis has just affected them more than others, resulting in their inability to fulfill financial obligations.  They are applying for an auto loan to purchase a car, which is a necessity.

 

If a borrower is really serious about purchasing a car, he or she should make sure that his or her application gets noticed among many others which may even be more qualified than his or hers.  A borrower should present his or her application well by doing the following tips.

 

The most crucial part in any type of loan application is the credit report.  It is by which lenders evaluate a borrower.  Traditional lenders would not approve a borrower with bad credit.  For bad credit auto leads, they should prepare and study their report well to get approved in a bad credit auto loan.  There are two important things that a borrower should do upon receiving the report. He or she should check the report for any possible errors which can still be corrected by the report bureau.  The second thing he or she should do is settle all debts reflected on the report.  It is highly risky for someone to take a loan while having debts at present.  Besides, even bad credit auto loans might not take interest in extending their offer if there are still existing debts.

 

Also, the borrower should be able to first know the basics of a bad credit car loan application.  There are two important things to take note of before jumping in.  The first thing is the interest rate. Borrowers should not just keep on submitting applications to various lenders and lead companies.  They should be able to discern which offer is the best and most practical based on the interest rate and payment schedule.  Because of the bad credit, lenders would offer high interest rates.  However, this can be negated by knowing their schemes in charging extra fees which are not really necessary.  Another wise move is to compare interest rates.

 

The second thing is the down payment.  It should always be remembered that putting down money is always better than putting none at all.  Some lenders would offer no down payment schemes.  It may seem convenient at first sight but it does not actually work!  Borrowers would end up paying more than the value of the car.  This is because they would pay more monthly installments at a higher interest rate.

 

Lastly, bad credit auto leads should fill out all required information, most especially full name, residency and contact details, in the application form.  It is also better to provide some current car details.  This helps the dealer to evaluate the type of car and offer that are suitable for the borrower. This makes the job easier for the lead company and the dealer

How A Dealer Can Get Quality and Authentic Car Leads

Posted on: December 1st, 2011 by credit

These days, car dealers are having a tough time selling their vehicles.  The automotive industry has always been competitive, but the current state of the economy is making sales more challenging.  With many people struggling financially, it is becoming more difficult to find potential buyers.  To survive in the industry, a car dealer has to find quality and authentic car leads.  These leads are what every car dealer needs to increase revenue and stay in business.

 

A car lead is an individual interested in buying a car, making him or her a potential customer.  Obviously, this person can help in increasing a car dealer’s sales.  A car dealer must get as much information as possible as from the prospective auto lead to see if he or she has the potential to become an actual buyer.  The dealer must know the car lead’s requirements and inclination to discover if what the lead wants matches with what the dealer can provide.  Indeed, a car dealer requires real and good car leads to have an increase in sales.

 

There are many ways in which a car dealer can get car leads.  However, not all methods can guarantee quality and authentic leads.  Some car lead generation techniques may result in used or fake leads, and these are not at all beneficial for car dealers.  What a dealer needs are only auto leads that will ensure a boost in revenue.

 

How does a car dealer get the leads that will result in a sale? One car lead generation method that dealers can use is telemarketing, or the process of making phone calls to potential customers.  It is a fact that telemarketing has a bad reputation.  After all, people  do not appreciate receiving unwanted phone calls.  However, telemarketing as a car lead generation method has its own set of advantages.  The main benefit is that the dealer can directly speak with the customer: he or she can properly explain the details about the business, as well as answer any inquiries that the customer may have. 

 

Referral is also an effective generation method when it comes to car leads.  Of course, the best referral  

 

SubPrime Leads are the way to Future sales

Posted on: November 29th, 2011 by credit

The automotive industry has taken and enormous hit over the past 24- 36 months. That being said lending has all but dried up for most dealers. With the market all but gone for the typically dealer that relies on TV, Radio, or billboard advertising. The attention quickly turned to what areas of advertising work best in this market. Internet automotive leads have allowed many dealerships the ability to enter into the sub prime market with little to no risk. However it must be said that not all Internet leads are for bad credit customers. We offer all types of car leads. They leads range from New car leads  all the way to sub prime leads.

Dealers today no longer have to take the “spay and pray” approach in marketing the dealership.  Tv advertising is going to get your message across to the masses and in fact when they are in the market for a car they might consider you.  Radio advertising is going to attract those customers in the car rushing to lunch or soccer pratice. Billboards only work in high traffic area, the amazing fact is all of these advertising mediums are for broad marketing, with the internet leads you are directing your advertising dollars to more of a ” sniper” approach. It is a fact that 85% of all car buyers will access they internet to do research before they make their final decision. What you are getting when you purchase internet leads is contacting that customer before they start to visit dealerships  you become the point of information for them versus the person in whom they hide informaition from. If in fact you provide these customers with accurate and honest information you can have a customer for life.

 

 

 

 

 
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