Sub-prime Car Leasing
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  1. #1
    Senior Member Reputation points: 217975
    Join Date
    Feb 2017
    Posts
    3,346

    Sub-prime Car Leasing

    How do the clients with awful credit get a car lease?
    Answer 1: Pay cash - Which means their options are limited
    Answer 2: Get a horrible rate on their lease
    Answer 3: Wait for credit repair

    ANSWER 4: No credit check leases. Background check to make sure there's no horrible DMV history or serious criminal history. Just income verification of $5 for every $1 needed to borrow.

    A colleague of mine is the direct lender, so he'd love to bring on brokers on for this. I'm not sure the broker points yet.

  2. #2
    Member Reputation points: 817 Jplummer's Avatar
    Join Date
    Oct 2014
    Location
    Indianapolis
    Posts
    75

    The car market is too saturated with subprime lenders to consider messing with it. Not worth your time. Unless you are working on high line cars. Again you will spend a lot of time to make very little money!!!
    Jim Plummer
    Quality Leasing Co., Inc.
    A Tom Wood Automotive Company
    Office: 317-253-4415
    Direct: 317-845-8768
    Fax: 317-688-6420
    Cell: 317-512-9618
    www.qualityleasingco.com

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