Originally Posted by KimPossible
Who are you guys using right now? What product line to do sell? Many of the banks are doing subvention right now for certain product lines. I can think of 10 deep sub-primes that you should be using and another 10 near primes. That doesn't even include your equity lenders. I do know of 1 sub-prime & 1 prime bank that are funding ***** right now, but any high volume dealer should be getting quite a bit of slack. How many F&I managers to you have? What is your turn right now? I know that most banks do business in TN - its not a blue law state or anything. Plus, Nashville is one of the big car boom towns right now. I know our buying centers in TN are doing quite well.
Ford, Lincoln, Caddy, Nissan, Infiniti,Mitsubishi, Kia...no high $$$ lines right now, although Infiniti is almost there the way they have BLOWN up.
Our biggest sub-prime is Santander..they seem to buy ANYTHING but there fees are awful, but this is the case with most...We have 2 Fi Managers in each building, so 16 total right now, our highest volume lot does about 140-180 cars a month...and about 65% being sub-prime its challenging
