Home Equity FinancingThe Home Equity ATM Machine is a DealerTrack recognized program that allows you to access the equity in your customer’s home to use as down payment, additional down payment, or pay in full for the vehicle in fifteen minutes or less. In addition, the system allows you to utilize this process for customers who have a credit score as low as 580. The Problem Many consumers do not have enough cash for down payment to purchase a new or used vehicle, and have a significant amount of trade-in negative equity. Most people who own homes do have home-equity. But that equity has not been readily accessible for use as down payment, additional down payment or as a means to purchase the desired vehicle outright. The Solution By utilizing information that is already in your DMS system, and a few extra clicks of a mouse, you have the ability to access the customer’s home equity in fifteen minutes or less. Plus...the loan interest may be TAX DEDUCTIBLE. This same opportunity is available to your credit challenged customers. It can work for anyone who owns a home, has equity of at least $10,000, and a credit score of 580 or higher. Now imagine if you could have prospects showing up on your lot, asking about this product that can yield exceptional grosses. To find out how, call a representative today! Back to Home Page |
