With the shortage of sources for subprime consumer auto financing, alot of used auto dealers lending their own money (in-house financing, BHPH) to increase their sales and put more people into cars that need them. This can be a very profitable business model if the right risk mitigation and credit practices are employed. Banks are tight not only with consumers these days but also in lending to auto dealers. My firm has experience and likes lending to BHPH dealerships to allow them to increase their BHPH portfolio and increase their overall bottom line. If this is something you'd like to explore, call me at the number below.
Tyler Butsko | Account Executive
Commercial Finance Advisory Team
Culver Capital Advisors, a division of Culver Capital Group, Inc.
Direct: 714.689.9421 | Fax: 888.806.0482
TButsko@culvercapital.com ¦ www.culvercapitaladvisors.com