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Who uses sub prime auto leads?

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Anonymous

12y ago
Updated: 8/20/2019

Sub prime auto leads are usually taken from a person who has poor or non-existant credit. They will go to a car dealers website and fill out financing to see how much they qualify for before applying for a car loan.

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Wiki User

12y ago

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Related Questions

What are the leads for sub prime?

Sub prime leads offer auto loans to almost all potential car buyers. These loans are mainly geared towards people who have been passed over by other loaners because of bad credit. These are considered one of the best loan options for people with poor credit.


What does sub prime mortgage leads mean?

Sub prime mortgage leads are potential mortgages for people who are not an ideal candidate for a loan. This can be because of a poor credit history, recent bankruptcy or low paying job.


What institutions offer sub-prime auto loans in Saskatchewan?

The Wells Fargo in Saskatchewan offered sub-prime loans at least a year ago. Check to see if they still offer them for three or five year auto loans.


Where could one find a sub prime auto loan?

A sub prime auto loan would be well found at any popular bank or dealership. USAA Auto Loans is a good pace to start looking, as well as banks for those who have good to high credit scores.


Shop And Compare To Save?

When purchasing a new or used car, most people will need to take out a loan to finance the majority of the purchase. Unfortunately, for people with bad credit or little to put down, getting a loan can be difficult and the only option are sub-prime auto loans, which come with high rates. Luckily, there are a couple ways to get better rates on sub-prime auto loans. The first way to get a good rate on a sub-prime auto loan is to get financing through the auto dealer. Many auto dealers have financing departments, which act as banks for their customers. Since the bank will be motivated to sell the car, they are often willing to give a customer a more affordable sub-prime auto loan. The second way to get a good rate on a sub-prime auto loan is to search online for rates. While many traditional banks don't offer sub-prime auto loans, there are still a few that do. By searching online and comparing rates offered by different banks, you could find and compare the best deals available.


Why sub-prime crisis is called as Sub-prime?

It is called "sub-rime" because the holding of sub-prime (low credit quality) debt precipitated the crisis.


Can a mortgage become sub prime?

No. It begins life as a sub-prime mortgage.


What does Regional Acceptance do?

Regional Acceptance Corporation is an auto finance company, specializing in indirect sub-prime automotive financing and prime-to-near-prime portfolio acquisitions. They are owned by BB&T, a financial services company.


Can you hook a 600watt auto amp to a 1200watt auto sub?

You can, but the Sub will not put out its full sound power.


What is the difference between a prime contractor and a subcontractor?

The prime contractor is contracted by the end customer. Sub-contractors are contracted by the prime contractor or other sub-contractors.


What are sub primes?

Sub prime can be used in two aspects 1. Sub prime customer - A customer who does not have a great credit history and does not have the income to pay the monthly mortgage payments on the loan he is asking for 2. Sub prime Loan - A loan that is granted to a sub prime customer If you have a monthly income of $10000 and you ask for a mortgage loan with monthly payment of $4000 then you are a good customer If you have a monthly income of $4000 and you ask for a loan with monthly payment as $10000 then you would be a sub prime customer


What is a sub-prime and Alt-A loan?

A sub-prime loan is a type of loan that is offered to those individuals that have poor credit histories and/or have a relatively high risk of default. Sub-prime loans tend to be costlier in terms of closing costs, fees and APRs than traditional (prime) loans. An Alt-A loan is a type of loan that is offered to those that don't qualify for prime loans, but who have a better risk profile than those in the sub-prime category. Alt-A loans are costlier than prime loans in terms of fees and APRs, however, they are not as costly as sub-prime loans.