Subprime Auto Lenders & Auto Finance Companies Directory
Top Subprime Auto Finance Companies
Below we have listed some of the top Subprime Auto Lenders in the country that will work with both independent and franchise dealerships.
We will do our best to keep this information current as well as increase the list further to provide dealers with a proper resource. We have posted sample Letters of Credit Approval from two of our Subprime Auto Lenders. You can view them at: Letter of Credit 1 and Letter of Credit 2
Please feel free to contact us regarding any updated information you may have or any additional subprime auto lenders companies that you may recommend.
Subprime Auto Lenders Company Directory
Ac Autopay’s acquisition program assists auto loan originators better manage their consumer auto loan portfolios, primarily through the “Bulk Acquisition” of auto portfolios along with custom “Payment Stream” and “Floor Plan” financing options.
Unlike other acquisition companies that only purchase performing accounts, AC AUTOPAY has the flexibility to price and purchase all accounts in your portfolio, regardless of status. AC AUTOPAY purchases portfolios from credit unions, banks, independent finance companies and dealerships nationwide.
For more information
Website: https://www.autopay.com/
Contact Ken Terkel
Phone (720) 961-4074,
Email: kterkel@acinvest.com
AMAC’s trademarked Buy Here Pay Here in a Box™ program is an all inclusive solution for dealers looking to grow or enter the BHPH business.
The program provides a Line of Credit for financing receivables, floor planning for inventory, free online access to data management software including comprehensive management reporting, and several more value added services.
For more information
Website: www.acemotoracceptance.com
Phone: 704.882.7100 Ext 7509
AFS Acceptance is an established, full-service auto finance company serving franchise and independent car dealers’ subprime financing needs since 1996.
The company’s tiered program, specializing in open bk’s, equity deals and everything in between, gives dealer partners a complete set of pricing options.
With dedicated account managers providing responsive guidance and support, AFS helps its Dealer Partners fund contracts quickly and sell more automobiles.
Based in Fort Lauderdale, AFS services the following states: Al., Az., Ca., Co., Fl., Ga., Id., Ill., In.,Ky., La., Md., Mi., Mn., Mo., Nj., Nm., Nc., Oh., Ok., Or., Pa., Sc., Tn., Tx., Ut., Va. and Wa.
For more information
Website: www.afsacceptance.com
Phone: 1-877-223-3254
American Credit Acceptance (ACA) is a complete sub-prime automotive finance company providing capital solutions to dealer partners across the nation. ACA offers point of sale financing, lines of credit and bulk purchases. Our line of credit and bulk purchase services are offered through Spartan Financial Partners.
ACA starts with a commonsense lending approach for our dealer partners and end with an affordable payment program for our customers.
We strive to be the leading provider of financial solutions in the sub-prime automotive market.
For more information
Phone: 866-202-6912
Website: www.americancreditacceptance.com
Automotive Credit Corp.
26261 Evergreen Road; Ste. 300
Southfield MI 48076, (248) 359-2672
Website: www.automotivecredit.com
Main Contact: Michael Opdahl (COO)
Auto Use offers Floorplan Financing on a national basis and Sub Prime Retail Financing in select states.
For more information
Phone: (800) 737-9780
Website: www.autouse.com
Operating in the following states: IL, IN, MI, MO
Blackhawk Finance
2340 S River Rd., Suite 400
Des Plaines, Il 60018
Website: www.blackhawkautofinance.com
Capital One Auto Finance
Phone: (800) 543-8085
We provide capital to “Buy-Here, Pay-Here” dealers and Independent Finance Companies. Our competitive bulk purchase program is simple and straight forward.
Our mission is to create a mutually dependent partnership that allows our clients to accelerate profits through the sale of their “In-House Loans”.
For more information
Contact J. Danny Rodas, V.P. Marketing and Business Development
Direct 877-591-2792 ext 913, Cell 714-768-7632
Email: danny@cfsnow.com
Website: www.cfs-capitalgroup.com
For more Information
Columbus Finance Inc.
3050 East Main Street, Columbus, OH 43209
Phone: (614) 236-854, (614) 236-5590
Website: www.columbusfinance.com
Since 1991 CPS has been providing franchise and independent dealers with consistent and profitable subprime solutions.
Our 7 proven programs offer generous advances and cover a wide spectrum of credit including thin files, low FICO’s, open CH 7’s, recent repos, and delinquent mortgages.
We approve more people so you can sell more cars!
For more information:
Website: www.hityournumbers.com
Phone: 800-304-6812
For more information:
(800) 873-0512
Website: www.creditacceptance.com
For more information:
Phone: (888) 853.9402
Website: www.dealertrack.com
For more information:
Diamond Finance Co., Inc.
50 Jericho TPKE, Suite 200
Jericho, NY 11753, (888) 536-6500
For more information:
Equity Auto Finance
2718 W. Oakland Park Boulevard
Fort Lauderdale, FL 33311
Phone: 800-683-1095
Website: www.equityautofinance.com
Exeter Finance Corp. is a specialty auto finance company headquartered in Irving, Texas.
We work with thousands of franchised and independent dealers across the country to offer credit-challenged consumers the opportunity to finance a vehicle as well as take advantage of tools such as a free financial education course.
Our commitment to dealers and consumers has resulted in rapid growth and expansion since being founded in 2006.
For more information:
Website: www.exeterfinance.com
For more information:
Phone: (866) 889-6495
Website: www.fifsg.com
Flagship is a nationally licensed, full-service subprime auto lender and loan servicer. Flagship purchases loans from a large assortment of Franchise and well-established independent dealers across the United States.
Its core management team has been originating indirect auto loans for nearly 30 years and is committed to providing the highest level of service and value for its dealers.
For more information:
Website: www.flagshipacc.com
Phone: 1-800-707-0114.
For more information:
Friendly Finance Corp.
6340 Security Blvd., Suite 200
Baltimore, MD 21207
Phone: (800) 872-2877
Doing business in 47 states (not in HI, NY or Alaska). Operation facilities in Greenville, SC, Atlanta, GA and Phoenix, AZ.
For more information:
Website: www.glsllc.com
GO Financial is a subprime lending program that provides underwriting, financing, and collections.
Dealers receive up-front capital and a share of the payment stream. The interactive GO Portal provides instant approvals and flexible deal structures.
GO has no sign-up fees and loans are non-recourse.
For more information:
Phone 888-GO-Financial
Website: www.gofinancial.com
Heritage Auto Finance (HAF) is a subprime auto finance company serving franchise and independent car dealerships. HAF “Green Lights” more loans, on more vehicles to help our dealers provide better financing option.
HAF was founded in 2010, and currently services dealers in Alabama with plans to expand to other Southeast states. We have no minimum credit scores and provide competitive advances on high mileage vehicles.
Provides auto financing and refinancing, as well as informative tools that help with the car-buying process.
Those tools include mobile apps, finance calculators, a dealer network, car reviews and resources, and an auto finance glossary.
Headquartered in Dallas, Texas, RoadLoans.com has helped shoppers of all credit types get instant decisions and pre-approvals for auto loans since 1997.
For more information
Phone: (888) 276-7202
Website: www.roadloans.com
Lobel Financial is a sub-prime to non-prime auto finance lender, providing dealers instant online approvals 24/7, with local branch service and support.
With over 35 years of auto-financing experience, Lobel Financial provides both independent and franchise dealerships the tools they need, and the flexibility to approve most customers that visit their dealership.
Doing business in many states.
For more information:
Phone: 800-871-8051
Website: www.lobelfinancial.net
Corporate Website: www.lobelfinancial.com
Prestige has been helping dealers and individuals rewrite the definition of “success” in special finance since 1994.
With no minimum score and no minimum down payment requirements, generous advances and low fees, open 7, open 13, and double bankruptcy funding’s, live buyers for make-sense approvals, and automatic rate drops for good customers.
Prestige offers a wide variety of financing solutions for individuals and dealers across the nation.
For more information:
Phone 1-800-98-GoPFS
Website: www.GoPFS.com
Regional Acceptance Corporation, part of BB&T Dealer Financial Services, is a national auto finance company.
We are consistently ranked as one of the top non-prime auto finance companies in America. To better serve you and your customers, we offer flexibility in structuring deals, reliability, responsiveness and consistency.
Our associates are well trained, competent and relationship focused. We are always available to offer you and your customers the highest level of service. Please allow us to earn your business today.
For more information:
Phone: 866 833 1677
Website: www.regionalacceptance.com
RoadLoans.com is a direct-to-consumer product of Santander Consumer USA
For more information:
Website: www. RoadLoans.com
For more information:
Phone:(866) 933-0663
Website: www.routeone.com
Seven Lynx Financing is a specialized subprime indirect auto lender and licensed to do business in the state of Florida.
Offering a wide spectrum of programs for consumers with distressed credit such as recent repos, foreclosures, low FICO’s and bankruptcies.
We provide our dealer partners with a “common sense” approach and are flexible with credit decisions.
For more information:
Phone: 888-597-5969
Website: www.sevenlynxgroup.com
Skopos Financial makes tough, deep subprime auto loans easier to finance for franchise dealers nationwide.
Leveraging its sophisticated, patented iLender technology and visionary management team, Skopos provides a streamlined process for dealers to finance customers with credit scores of 600 and below.
For more information:
Phone 214.520.4600
Website: www.skoposfinancial.com
SAFCO is licensed in the following states: Alabama, California, Colorado, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Michigan, Mississippi, Missouri, Minnesota, New Mexico, New Jersey, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas and Virginia.
For more information
Website: www.GoSAFCO.com
Spartan Financial Partners specializes in providing capital solutions for BUY HERE PAY HERE dealers and Independent Auto Finance companies.
We accomplish this in two ways by Bulk Acquisitions and Lines of Credit.
Through a Bulk Acquisition, we purchase all or a portion of a dealer’s portfolio; this allows for a quick cash injection into the dealer’s business.
Whereas a Line of Credit is secured by the dealer’s auto receivables; this allows for portfolio growth while the dealer continues to service their customers.
Our goal is to understand each client’s capital needs and provide a customized solution to match their objective.
For more information
Phone: 855-233-3605
Website: www.spartan-partners.com
For more information:
Trac Lending LLC
4839 Carrington Circle, Sarasota, FL 34243
Phone: (877) 964-TRAC (8722) ext 701
Fax: (877) 965-TRAC (8722)
Email: slevin@trac11.com
Website: www.traclending.com
U Drive Acceptance Corporation (UDAC) was formed for the purpose of originating and servicing primarily subprime automobile loans with a geographic focus on the mid-western states of the USA.
U Drive Acceptance Corporation is a culmination of 25 years of business in the subprime auto loan business.
The company was created as the related finance company to its sister company New Start Financial that has been in business since 1990.
The company has grown to become an auto financing source for both franchise and independent dealers in the Midwest that seek to secure financing for customers that fall in the non-prime category.
UDAC’s reputation for local service and customer support has gained us market share in the four states we currently operate in, Iowa, Minnesota, South Dakota and Missouri.
For more information:
Phone: 712-258-0269
Website: www.udriveac.com
Address:
U Drive Acceptance Corporation
P.O. Box 3107, Sioux City, IA 51102
A program for EVERY customer, and a commonsense decision on EVERY deal. Nonprime financing since 1996. United Auto Credit – Driven to make a difference. Don’t miss another deal—contact us today!
For more information
Address:
United Auto Credit
1071 Camelback, Ste. 100
Newport Beach, CA 92660
Phone: 866-300-5053
Website: www.upfc.com
Email: Marketing@unitedautocredit.net
Vehicle Acceptance Corporation
Available in the following states: AL, AR, AZ, CA, CO, FL, GA, HI, IA, IN, MS, NC, NM, NV, OH, OK, PA, TN, TX and VT
For more information
Website: www.VACorp.com
Veros Credit is a privately held automotive finance company that specializes in the acquisition of non-prime and sub-prime motor vehicle retail installment contracts from franchise and independent automobile dealers.
Veros Credit, headquartered in Santa Ana, CA, has been operating for over 20 years and has branch locations throughout CA, and nationwide coverage via the Veros Credit sales team which provides local personalized service.
For more information:
Email: dealers@veroscredit.com
Website: www.veroscredit.com/dealers.html
Wells Fargo Dealer Services is one of the nation’s leading auto finance lenders and the #1 used car lender. With regional offices serving 47 states, we offer an integrated financial services solution designed for the dealer
community.
We provide a broad credit spectrum of lending to the auto industry, real estate and floorplan financing, and an array of commercial banking services through Wells Fargo Bank, N.A. We offer F&I aftermarket products and services through Warranty Solutions®, a member of the Wells Fargo family of companies.
Wells Fargo Dealer Services has relationships with over 11,000 auto dealers.
For more information:
Phone: (800) 559-3957
Website: www.WellsFargoAutoFinance.com
Website: wellsfargodealerservices.com
Westlake is a full-spectrum auto finance company, providing dealers instant online approvals with local rep support.
With over 25 years of auto-financing experience, Westlake gives both independent and franchise dealerships the tools needed to easily finance every customer that walks into the showroom.
Doing business in all 50 states!
For more information:
Phone: 888-8-YES-YES
Website: westlakefinancial.com
Wisdom Financial is a subprime sales finance company based in Great Neck, NY and is licensed/authorized to conduct the business of originating automobile loans sourced from a network of dealerships located in selected states across the United States of America.
Wisdom’s niche includes but is not limited to:
(1) approving customers with previous BKs, auto-charge off, prior repossession and foreclosure; self-employed; first-time buyers; zero credit score.
(2) financing current model year and older vehicles up to 12 years old; up to 150,000 miles; rebuilt salvage; lemon law buyback; TMU.
For more information:
Phone: (516) 829-7570
Website: www.wisdomfinancials.com
We have 17 years experience in providing 100% Quality Subprime Leads for the Automobile Industry
Our Amazing Tools Help You Sell More Cars!
Why Stealth Drop Voicemail?
Virtual Prospects Marketing’s Stealth Drop Voicemail helps dealerships monetize sitting data & revisit past clients/prospects by directly delivering a message geared towards their needs
Does your staff work every lead proficiently? Make things easier on your sales staff by having them answer incoming calls of warm prospects
What Should Our dealership Say?
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Let customers know about a buy back promotion you’re running, a sale, or even a free oil change. Anything your targeted sales or service data will be interested in to get them into your dealership!
The Best Time to use a Stealth Drop?
Our professionals at Virtual Prospects Marketing have drafted and deployed enough successful Stealth Voice Drops to generate revenue for our clients that we will figure it out for you based on list size.
Virtual Prospects Marketing will tailor specific dates & times you may or may not during the campaign.
