Technology can help you:
Everyone is reducing staff and biting the bullet. How can your managers and people continue to do it all with a much smaller staff? What if you lack the special finance expert you think you need to run this business?
The kind of tool you need is one that can function as “special finance in a box.” Technology can do the work of a seasoned special finance manager, just much faster. You need a tool that can calculate the potential profitability of your entire inventory and the LTV’s on every vehicle in your inventory. Let’s face it, lenders aren’t just looking at the credit situation of the customer but at the underlying collateral as well! Knowing where you stand in each and every piece of inventory can help you get more deals approved. You can’t do all of that in your head.
You also need a tool that also calculates accurately the front end gross and the back end as well so you maximize every opportunity you get.
You need a tool that can make it easy for any of your managers to handle the subprime deal – with simple, intuitive process so the brain damage is eliminated! Now more than ever, it is crucial to capture the opportunities your store gets. Get a tool that does multiple iterations and eliminates the hassle and imprecision of calculating deals in your head – things like roll back, payoff, down payment, variable changes, etc. This will save you time and money.
Technology can make subprime easy. Contact me if you would like to hear about our new product, DeskIt™. We designed it with all the issues you face in mind. “It does the work, you make the money!” Subprime should be easy with solid fundamentals and technology working for you. You need every advantage you can get in this market!
Check out www.deskit.com for a quick look!
