DealersEdge Professional Forums

Posted: **Thu Aug 30, 2007 5:05 pm**

Does anyone have any good information on any companies providing financing options for service work? For example I was with a Ford store at one time and we had a 90 days same as cash program that Ford had set up with GE card services. I am with a Mazda store right now and Mazda doesn't have any programs currently in place for this. Any idea or suggestions?

Thanks!

Posted: **Thu Aug 30, 2007 5:22 pm**

Wells Fargo Bank offers unsecured 90 days same as cash financing.

I just dropped the program after 4 -5 years, alot of denials, maybe 1 out of 10 would be approved-which isnt really surprising considering!!!!!

I did find it to be a good option at one time, but it just got to be alot of work for a very little return. We had to submit the application and fill out all the terms and have the contract signed and filled out properly or they wouldnt approve.

Posted: **Fri Aug 31, 2007 11:59 am**

Chrysler - Dodge & Jeep have a credit card in place that works good for 50% of the customers that ask for credit terms.

Posted: **Fri Aug 31, 2007 8:24 pm**

Don't your customers choke when they see the 36% interest rate? At least that's what it is out here from Wells Fargo...

Posted: **Mon Sep 10, 2007 1:28 pm**

Check with your sales dept. buisness office.
Many times they will know which companies offer what you are after.
We used a finance company years ago but all the paperwork we had to do was just not worth it.
Most people can put it on their
credit card(s).