The credit crunch from several years ago appears to have subsided somewhat as many new companies have surfaced in the subprime auto industry. Compared to six years ago the sources of capital have flip flopped. Upwards of $1 billion of new capital has entered the business in the last three years. In the long term this may not be totally positive – the increased competition has allowed some traditional buy-here, pay-here customers to drive new cars. While this temporarily takes away business from some buy-here, pay-here dealers – the common sentiment is that the customer will return soon. The increased competition … [Read More...]
“When I needed capital to grow my business, SDA was there. Great service by people who truly understand the BHPH industry.”
Darla Booher, Greer, SC
“I have been doing business with SDA for approximately nine years. The difference with SDA is they are small enough to give me individual dealer attention but large enough to handle all my capital needs. Their service is extremely fast and efficient, I have never had to wait on funding of a vehicle. SDA’s staff
“It took two years for SDA to get my business, but once I made the switch, I wondered why I had waited so long!” There truly is a difference in the way SDA does business."