Please give my readers a history of Franks Auto Credit. How long has your car dealership been in business?

We have been in business since 1995 serving the Greater Hartford and Connecticut Community. We’ve created a local presence as a quality, friendly, affordable Buy Here Pay Here Dealer in Connecticut. Here at Frank’s, we understand that bad credit can happen to good people – we understand that and treat our customers that way.

How are 2014 sales?

In the summer of 2013 we invested in a new Website and an ongoing Digital Marketing Campaign consisting of Search Engine Optimization and Pay Per Click (Google AdWords) campaigns that have proven to be quite effective by generating new customer awareness. This new marketing campaign, along with continued high-quality customercare has helped our sales grow significantly for the 2014 year.

Where do you see the BHPH business 10 years from now?

We’re always striving be Connecticut’s premier BHPH dealer, we feel we’ve made such an impression in the Hartford County area. Ideally, we would love to see ourselves as the top Buy Here Pay Here Dealer in Connecticut’s other counties (New Haven, Litchfield, Tolland and New London Counties). We want to continue to be the quality solution for the many that have faced financial hardship and credit damage.

Does your dealership primarily sell domestic or foreign used cars? Or would you say it’s a mix of both?

We try to provide a mix of both Foreign and Domestic vehicles as well as a number of vehicle types, styles and models to cater to any type of car buyer there is.

If a person has just declared bankruptcy and they want to buy a vehicle, what do you suggest they do?

We strive to work around our customers financial situations – even if it involves bankruptcy, we can still help!

Should a consumer run their own credit report before they purchase a used car?

An informed customer is a happy customer, it’s always helpful if the consumer understands their situation before coming in to work with Frank’s – either way, we will help them understand their current Credit situation when they submit their application.

Should a consumer bring any documentation with them before they walk into the car dealership?

Yes, we suggest they bring the following documentation:

• 2 Current Pay Stubs from your Employer
• A Phone Bill from where you reside
• A Valid Driver’s License
• Also, if possible, it would save the customer and ourselves some time by filling out our Online Applicationbeforehand

If you’re divorced and as a result of that divorce have bad credit, what tips would you offer the consumer on how to obtain a loan?

We do offer a Co-Applicant option on our Credit Application that may help in such a situation. As long as the other requirements are met then you should be good to go!

What are some common buy here pay here misconceptions the public should be aware of?

There a great number of common misconceptions about Buy Here Pay Here Dealers. Just like a number of used car dealers many people think the dealer is always trying to get something by the consumer. We pride ourselves in separating our business practice from those negative assumptions by being an honest, customer-friendly, fair-priced dealer that can (simply put) helps you purchase a quality, used vehicle if you’ve fallen on hard times financially. We do our best to educate our buyers to understand that there is an option if your credit score has fallen below the industry standard by shopping at Frank’s.

Franks Auto Credit
Facebook
BBB
Twitter

This is our thirty fourth interview in our “1000 Interview Challenge” If your interested in an interview, please contact me.

This interview was conducted by Shane McC. Shane currently is attending RISD studying computer programming. He enjoys traveling and plays hockey. He played for the Boston Junior Bruins of the EJHL during the 01-02 season. You can follow him on Google+

Please give my readers a history of Auto Mart. How long has your car dealership been in business?

Auto Mart was founded in 2012. We opened Auto Mart after 40+ years of combined experience in the new car industry. We noticed a large gap existed in the ability to sell customers with deep second chance credit.

Does your dealership primarily sell domestic or foreign used cars? Or would you say it’s a mix of both?

We sell a pretty equal mixture of domestic and foreign used vehicles.

If a person has just declared bankruptcy and they want to buy a vehicle, what do you suggest they do?

If your bankruptcy is cleared, that day you have quite a few options. If you just declared bankruptcy it makes things more difficult. There are a small handful of second chance banks that will finance someone and a buy-here-pay-here lot willing to gamble could help you. If you declare chapter 13, you would need a letter approving the purchase from your trustee.

Should a consumer run their own credit report before they purchase a used car?

Yes, before any major purchase actually. Many times there are errors on your report that someone can fix. For example a car that you purchased and had to give back that is still reporting, a repo that is still reporting open or a tax lien that is delinquent that you have a payment arrangement for. Even with bad credit these things can make it much easier or harder to buy a car.

Should a consumer bring any documentation with them before they walk into the car dealership?

Yes. Always bring your most recent 2 pay stubs, any award letters or your last 3 months bank statements if you don’t have the other two. You also need to prove where you live, a utility bill or phone bill works. And most dealerships need references any more, usually 3-10.

If you’re divorced and as a result of that divorce have bad credit, what tips would you offer the consumer on how to obtain a loan?

It doesn’t really matter how you attack it, contract law supersedes divorce law. So no matter the credit situation resulting from a divorce your in the same boat.

What are some common buy here pay here misconceptions the public should be aware of?

There are quite a few, the main thing to realize is that every car dealership is different. One might have high mileage, older cars, one might have exotics. Since buy-here-pay-here’s rules and polices are set by the individual owner, every dealer is completely different. I suggest consumers shop around until they find a fit for them.

Auto Mart Nevada
Facebook
Youtube
Google+
Yelp
BBB

This is our thirty second interview in our “1000 Interview Challenge” If your interested in an interview, please contact me.

This interview was conducted by Shane McC. Shane currently is attending RISD studying computer programming. He enjoys traveling and plays hockey. He played for the Boston Junior Bruins of the EJHL during the 01-02 season. You can follow him on Google+

Please give my readers a history of Southside Motors. How long has your car dealership
been in business?

Guy: Mike and I opened Southside Motors in February of 2008. We felt the community would be best served by a new and independent Rent to Own dealership.

Does your dealership primarily sell domestic or foreign used cars? Or would you say it’s
a mix of both?

Guy: We definitely carry a mixed inventory of domestic and foreign used cars, minivans, SUVs, and crossovers available to Rent to Own or for sale.

If a person has just declared bankruptcy and they want to buy a vehicle, what do you
suggest they do?

Mike: Depending on how serious the situation is, a person might want to consider a dealership that offers Rent to Own, which doesn’t require a credit check and isn’t affected by things like prior repossessions, bankruptcies, or a poor employment history.

What’s the difference between RTO(Rent To Own) and BHPH?

Mike: BHPH dealerships have discretion in their lending practices, but they still have many of the same restrictions that any other lender would have, limiting the types of customers that they’re able to serve. Southside Motors’ Rent to Own (RTO) program, on the other hand, isn’t a loan. It’s a long-term lease with no credit check, manageable payments, and no cancellation penalties.

Should a consumer run their own credit report before they purchase a used car?

Mike: The Rent to Own program involves no credit check, so our customers don’t need to worry about that. However, a person should check his or her credit report periodically, regardless of whether making a large purchase like buying a car, just to make sure that all of the information is accurate. In fact, the federal government mandated several years ago that each of the three credit bureaus has to provide one annually for free.

Should a consumer bring any documentation with them before they walk into the car dealership?

Guy: Don’t forget your driver’s license, of course, and if you’ve got insurance already, bring the card along. Over 30 different insurance companies are acceptable under the RTO program. However, if you need to get insurance, we can help. The program also requires a list of references, which protects both us and the customer.

If you’re divorced and as a result of that divorce have bad credit, what tips would you offer the consumer on how to obtain a loan?

Again, we would recommend that someone in circumstances like that consider a Rent to Own dealership to avoid the need for a credit check.

What are some common buy here pay here misconceptions the public should be aware of?

Mike: Not being a BHPH dealership, we can’t really comment on misconceptions of that aspect of the industry. However, if you’ll let us address concerns people may have about Rent to Own… Our RTO agreements are underwritten by a nationally-recognized company, who holds us to a high standard of accountability. In addition, we’re subject to the same PennDOT licensure, certification, and training requirements as any other dealership and its staff, so customers remain thoroughly protected.

Southside Motors
Facebook
Google+
Yelp
BBB

This is our thirtieth interview in our “1000 Interview Challenge” If your interested in an interview, please contact me.

This interview was conducted by Shane McC. Shane currently is attending RISD studying computer programming. He enjoys traveling and plays hockey. He played for the Boston Junior Bruins of the EJHL during the 01-02 season. You can follow him on Google+