Actually there is no generally accepted definition of what Special Finance is. You might have heard it referred to as “Sub-Prime” or even “Non-Prime” financing. Special Finance deals are usually associated with credit challenged clients and do not ordinarily meet with the lending policies of prime lending institutions.
At certain dealerships, customers are filtered at the front door and are often not even given an opportunity to be approved. These customers, once identified, are directed to leave to secure a qualified co-signor or to secure a more substantial down payment.
Here at East Coast Car Loans, with a growing credit challenged market segment, we are connected with many lenders have diversified and specialized offering these customers an opportunity to re-establish their credit and more importantly, become mobile again.
If you have any other questions, leave a comment below and we’ll get back to you 🙂