Credit-Challenged Consumers Getting Cars Through Special Finance Programs

FOR IMMEDIATE RELEASE

New York, NY – November 21, 2011 – With today’s troubled economy, consumers with poor credit are a mostly untapped group of potential customers in the car industry. They get frustrated going from car dealership to car dealership putting more hard inquiries on their credit reports and not getting any closer to purchasing a car. Some dealerships, however, are opening their own special finance departments to get sub-prime clients into a car while still making a profit at the same time.

After opening a special finance department, many dealerships have seen a huge return on investment (ROI). Special finance departments alone often bring in hundreds of thousands of dollars gross profit monthly, usually with a 50 percent net profit on the monthly gross.

Additionally, these new customers will need to maintain their newly purchased cars. It is likely that they will stop by the dealership’s service and parts center, once again getting more return on their investment.

Dealerships are looking to special finance companies like Special Finance Group to start or supplement their special finance department and bring in more clients. While each of these companies works differently, Special Finance Group works within the dealership, and their special finance experts manage the department and bring in an additional 200 to 300 clients every month.

The two biggest advantages that Special Finance Group has over other third-party special finance companies is their company guarantee and founder Todd Campanella’s years of experience in special finance. The company guarantee listed on the website states, “We guarantee the integrity of each and every deal we assemble. If any lender will not fund a contract on a vehicle we delivered to a customer, SFG will buy the contract or write a check for any loss associated with the recession concerning the specific deal.”

Founder Todd Campanella also personally stands behind that guarantee in his letter which is also available on the website. He cites his 14 years working in special finance and his “dedication to compliance, ethical business practices and…keeping the dealership’s best interests in mind.”

Companies like Special Finance Group are a win-win for consumers and dealerships alike. Consumers with challenged credit can have a better chance of a dealership working with them, and dealerships get more potential customers which cannot be understated in today’s economy with people hesitant to commit to large purchases.

 

Contact:
Rachel Godfrey
info@specialfinancegroup.com
Phone: 212-239-7270

####

Image: nongpimmy / FreeDigitalPhotos.net