Buy-Here / Pay-Here Dealerships

Flamingo Financing Company ("Flamingo") takes pride in serving a segment of our industry that has been well-served in the past by the State of Florida's Buy-Here, Pay-Here dealerships. Similar to the paper your dealership has been originating for years, we specialize in purchasing loan contracts that prime or sub-prime lenders typically have deemed too risky. We believe, however, that your ability to offer financing solutions to every person desiring to purchase a vehicle from your dealership is vital to success in today's highly competitive market.

With cash flow pressures increasing because of soaring vehicle prices at the auctions and with the desire to hold a limited number of higher-priced vehicles to drive walk-in traffic, many Buy-Here, Pay-Here dealers now utilize outside lending sources to "cash-out" a segment of their loan portfolio. Flamingo offers a committed long-term relationship, with point-of- sale purchasing, that enables your dealership to realize profit from day one and to enjoy the benefit of a future stream of cash payments without accepting a large discount at time of sale.

Since inception, Flamingo has worked hard to provide Buy-Here, Pay-Here dealers with superior customer service. Our Underwriting Department is open seven days a week to process your loan applications, and it specializes in quick approval (usually within 60 minutes) and rapid funding. A Manager of Dealer Relations, based in your local area, is there to aid you in the process from submission of an application through funding of a loan. We understand flexibility is critical to success in the sub-prime market, and thus we underwrite each loan on a case-by-case basis.

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