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Dealer-financed sales have been in
existence in the United Sates since
1915. Since inception it has been the
business of Used Car Dealers
in all parts of the USA, in
all markets, in big cities and in small
towns. During the past several years
there has been a tremendous growth in
sub-prime auto financing. Credit
turn-downs, increasing new and used
vehicle pricing and the increased number
of working class poor is expanding the
market for inexpensive, dependable
transportation in the USA. A
growing segment of the car market is
looking for basic, reliable, effective
transportation. At the same time,
conventional financing is beyond the
needs of these customers. National
statistics show that the average age of
a sub-prime customer is thirty-five
years old. They are typically in the
lower middle class or working poor of a
given local economy. Even though the
income levels of our customers vary,
they are generally the people who work
every day and do not have savings. They
live from paycheck to paycheck and, in
many cases, are overextended
financially.
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