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Old 12-19-2006, 04:54 AM
sdsusanne sdsusanne is offline
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Are you talking about "Buy Here Pay Here" for financing customers? That would be concentrating on the sub-prime business.

You can finance them yourself... if you have a pile of working capital lying around. I know that many of the BHPH dealers purchase the cars at auction for very low prices, and many times accept what they have in the car for a down payment. Therefore, the working capital needs are pretty well met, and the income comes in from the weekly payments.

I also know that there are many, many lenders which specialize in sub-prime auto lending. A web search should yield quite a few.

If you are not concentrating on the sub-prime market, but on the normal used (pre-owned) market, you will be able to get financing help from local, as well as national banks. You should be able to meet with each of their indirect lending departments, and they should help you out.
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