SAN DIEGO – CU Lending Solutions said it is introducing its program aimed at selling older, higher mileage cars on the east coast.
The program is a full cycle process where auto dealers sell older, higher mileage cars -- where the dealer is the seller of vehicles and the financing source for the sold vehicles. The dealer sells the vehicle and SureFundIt does all the back-end; collections, customer service, and risk management on behalf of the dealer. After three customer payments are received, SureFundIt offers the dealer’s loans for sale to both institutional and private investors; providing the dealers with faster cash liquidity than collecting payments for the full term.
SureFundIt provides dealers a deep sub-prime lending partner with significant experience servicing the needs of the sub-prime customer base, giving them confidence to capture an ever growing market.
