Go Financial Shares Six-Month Update on Indirect Subprime Lending Program Rollout
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PHOENIX — Go Financial recently highlighted the successful
launch of its indirect subprime lending program to franchised and independent
dealers.
In six months, the company indicated it partnered with
dealers in 27 states and became licensed in 40 states. Early results exceeded management's initial
expectations.
"Dealers have really responded well to the combination of
up-front advances and sharing in the payment stream through our pooling
program," Go Financial president Colin Bachinsky said.
"They like that Go Financial was created from experience running
the DriveTime model, a national used-car dealership group that understands the
challenges dealers face trying to grow their business," Bachinsky insisted.
As the company continues to add volume, Go Financial has
been exploring new ways to include benefits for dealers.
Go Financial recently announced it is including overnight
shipping for original documents as a benefit to Go Dealer Partners. By
providing prepaid overnight shipping labels, dealers can save money and speed
up their funding time.
In August, Go Financial plans to add inventory integration
as an enhancement to the Go Portal.
Dealers can filter and search their inventory to find the best match for
their customer based on a variety of options, including down payment, upfront
profit or customer payment.
Bachinsky insisted the interface will help dealers find
vehicles that meet their customer's needs, while maximizing profit for their
store.
"We are always looking for ways to make the dealer
experience more streamlined. We think that Go Financial's unique non-recourse
end-to-end solution allows a dealer to focus on selling more cars," Bachinsky
stated.
Go Financial is currently accepting dealer applications with
no sign-up fee.
For more information, visit gofinancial.com or call (888)
463-4626.