The benefits are practically automatic with a system like this!

Founder, Sam Russell, began developing this business system, after years in the auto financing industry. It worked then and works even better today after 15 years of fine-tuning. The system supports two sides of the business: traditional used car sales that are bank financed by a third party, and the specialized Buy Here/Pay Here (BHPH) program. Here are just a few components of the excellent business system that will be working for you as an Automatic Car Credit Franchisee.

Automatic Car Credit locations
High-traffic and high-visibility are the two essential characteristics of the ideal Automatic Car Credit location. Franchise locations can be in prime metropolitan or secondary markets. Facilities are most often about half an acre, allowing for display of an average of 40 used cars and trucks. The office ranges in size from 2,000 to 4,000 square feet, divided into a reception area, three or four sales offices, plus an area for the administrative functions. The ideal location has a garage or carport for vehicle prep and maintenance.

Automatic Car Credit Teams
The Automatic Car Credit Team is led by the Franchisee who manages two or three sales representatives, one receptionist, one financial record keeper, and one or two lot technicians.

What fuels every deal is the knowledge and business savvy of the sales representatives. They must know the auto finance market, have a solid understanding of the cost point/sale point for every car on the lot, and have the ability to match the client to a vehicle he or she can afford. Unlike most dealerships, the people at Automatic Car Credit really work as a team to make clear, clean transactions that engage customers in a long-term relationship.

The Automatic Car Credit Program
The company has developed a clear and effective program that each franchisee will leverage in their own business. The program has been designed to identify and establish the relationship between initial cost of used car versus down payment versus risk. Key components include:

• Sources for current pricing within used car marketplace
• Vendors of used cars including wholesalers, auto auction companies and other independent car dealers
• A marketing program targeted specifically to the secondary finance consumer
• Price points for the used cars that fit the customer profile for Automatic Car Credit
• The elements of used car financing – both traditional bank financed or Buy Here/Pay Here
• Information on Federal and State compliance issues.
• The sales process, from initial contact to completed sale with all required paperwork

And new Franchisees will learn everything they need to know about the type of customers, the type of vehicles, the price points and financial equations that make Automatic Car Credit such a leader in a very well defined niche.

The Buy Here/Pay Here (BHPH) Loan Program
In addition to used car sales that are bank financed by a third party, each Franchisee will create a portfolio of BHPH loans to finance select vehicles sold at the location. Most of these vehicles retail for less than $5,000.

BHPH customers purchase both the car and the loan from the Automatic Car Credit Franchisee. And, as the name implies, most customers return to the location once or twice a month to pay for their loans in person. This frequency of contact, in addition to the trust built throughout the entire process, creates a positive relationship between customer and sales representative.

The Automatic Car Credit Pre-Approval Process

One of the outstanding features that makes life easier for customers and sales representatives is the highly refined pre-approval process. It’s so simple, yet has an extremely high (99%) approval rate because of the skillful way the process is managed by experienced sales representatives.

Step 1: Customer completes the application form in one of three ways: by phone, online, or by coming into the store.

Step 2: The application is reviewed by an Automatic Car Credit representative

Step 3: The representative calls the customer with next steps