|
We offer two ways to help you maintain cash liquidity in your business. We provide Individual Loan Financing, as well as Bulk Loan Portfolio Financing for dealers that carry their own contracts . If you are interested in either program, read details below. |
|
Challenge Financial purchases Indirect Sub-prime Automobile Contracts from Independent and Franchise Dealerships in California and Arizona. Our goal is to be the Sub-prime Finance Source of choice for each Dealer we do business with. We believe in providing superior Customer Service First for both our Dealers and their customers. Dealers can expect same day approvals, quick funding, a dedicated Dealer Representative, and a full service local office to ensure prompt action on all contracts.
We appreciate the importance of treating your customers with the same respect you do, so that your customers become loyal repeat customers. We know this is only possible if they have a positive experience with Challenge Financial. |
|
This is our traditional dealer financing method. Under this program, we purchase individual loans from dealers at time of origination. We start with standard buying program terms, which ensure that your loans perform. As you build a good loan performance history with Challenge, we are then able to tailor a program that fits your specific market. This means more flexible financing options that meet the needs of your customers. You get more approvals and sell more cars. We have found our best success comes when we develop a close relationship with our dealers. If you are looking for a better working relationship with your finance company, contact us to join our Dealer Network. |
|
For more information about this service: |
|
Indirect Loan Financing |
|
Challenge also purchases In-House Receivables! If you hold loans in-house, Challenge will purchase some or all of your loan portfolio. This can generate cash for your operations, while reducing or removing your need to maintain an in-house collection staff. Allowing you to do what you do best—Sell Cars! Some of our customers are “Buy Here / Pay Here” dealers that hold loans in-house as a regular part of their business, but use our service as a way to control cash flow. Other dealers are forced to hold loans that do not qualify at time of origination. With adequate seasoning, these loans can be sold to Challenge. |
|
For more information about this service: |
|
In-House Receivables Purchasing |
|
Your Customer is Our Customer |
|
Dealer Finance Options |