When attempting to sell a financed automobile, there are various significant components that require consideration. Navigating the sale of a car with an outstanding loan may seem difficult, but armed with the proper knowledge and approach, it can be accomplished. In this comprehensive guide on how to sell a financed vehicle, we will delve deep into various aspects of selling your car while still owing money on it. You’ll learn about understanding your loan situation by contacting your lender for payoff amounts and reviewing Truth in Lending Act disclosures. We will also discuss determining the ..read more

Are you an independent car dealer in the United States looking for a reliable financing solution? Vantage Finance provides auto dealerships with innovative and comprehensive solutions to help them tackle their F&I needs. Auto dealer financing is complex, but working with Vantage Finance can make it easier than ever before. Learn more about the benefits of auto dealer financing, how to secure it, and why choosing Vantage Finance makes sense. Table of Contents: Benefits of Auto Dealer Financing Increased Cash Flow: Improved Customer Satisfaction: Understanding Auto Dealer Financing Vanta ..read more

Indirect lending is an effective and efficient way for independent dealers to finance their vehicles. With Vantage Finance, independent dealers can quickly access the financing they need without having to go through a tedious procedure of obtaining loans from traditional financial institutions or lenders. Indirect lending offers independent dealers more flexibility when it comes to financing options and can help them get the best deal possible on their vehicle purchases. In this blog post, we’ll discuss what indirect lending is, why independent auto dealers should consider using it, potential ..read more

As an independent used car dealer, offering financing to your customers is a great way to increase sales and customer satisfaction. Financing used cars can help you make the most of each sale, while also giving potential buyers more options when it comes to purchasing their vehicle. In this blog post, we’ll discuss some of the benefits that come with financing used car dealers as well as how understanding credit scores and interest rates are important in securing funding for these vehicles from banks or private lenders. We’ll also look at ways you can manage risk when offering financial soluti ..read more

GAP insurance is designed to be protection for drivers when they purchase a new vehicle. It is advantageous in most situations for buyers to purchase GAP insurance when they purchase a vehicle, but they might not be aware of it or the benefits of having it. Dealerships will want to offer GAP insurance to buyers in most cases and will want to make sure they can explain what it is, what it covers, and how it benefits the customer. By selling it when it’s needed, dealerships can also see a number of benefits. What is GAP Insurance? Insurance may not cover everything in the event a car is totale ..read more

4 Marketing Strategies for Overcoming Inventory Shortages Reports show that the demand for vehicles has surged over the past year. Though the market slowed a bit during the pandemic, people who decided to wait until things returned to normal to purchase vehicles are now ready to take the plunge. At the same time, a growing number of people who own aging vehicles are realizing they need to upgrade. Under ordinary circumstances, this would be welcome news for dealerships. As we stand right now, though, it’s a bit of a problem. Production slowdowns in the automotive industry during the pandemic ..read more

Leasing cars has historically been a great way to drive newer vehicles, change out a vehicle for a newer model every couple of years, and enjoy a vehicle without worrying about major repairs once the vehicle gets old. However, at some point, buyers will consider whether or not they should purchase a leased car. With everything happening right now, it may actually be a great idea to buy the leased car, especially if any of the following applies to the buyer.  If You Like the Car Buyers who like the car will want to consider buying it at the end of the lease. They’re already comfortable dri ..read more

Vehicles are in high demand these days with American consumers seeking out both new and used models. Ordinarily, that would be welcome news for the nation’s dealerships. After all, high demand typically means higher sales. In turn, generating more satisfied customers leads to positive reviews and valuable word-of-mouth advertising. That brings in even more business and sparks even higher profits. Of course, as so many of us are painfully aware, we’re not living in ordinary times right now. It seems the post-pandemic world is quite a bit different from the one we lived in before COVID-19 took i ..read more

Used-car sales have been outpacing new car sales before the pandemic and more so this time – with no signs of stopping. Prices for used cars continue to rise while demand still keeps on growing. Your independent auto dealership may be in a prime position to earn more, but are you taking advantage of the opportunities? Auto financing for independent dealers is one of the most significant income sources after car sales. However, not everyone in this business is using this. Most auto finance companies for used car dealers have a high barrier to entry. As a result, many dealerships have to face th ..read more

A recent study shows that more than 280 million registered vehicles are currently in the United States. This data is a clear indicator that running an auto dealership remains profitable as ever. However, not every business in this niche can meet its sales quota despite the consistent demand. Auto financing for independent dealers continues to be one of its top income sources. But you need to apply the proper techniques to secure a deal in most of your transactions. Your F&I team is vital in boosting your sales numbers. While the F&I manager holds an enormous responsibility in securing ..read more