BETTER THAN SUBPRIME CAR SALES LEADS

READY TO SWITCH YOUR SUBPRIME AUTO LEAD PROVIDER? TRY LEADLOCATE INSTEAD

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WHY SUBPRIME AUTO LEADS MAY NOT BE AS GOOD AS ADVERTISED…

As a car dealership owner, sales manager, or salesperson, you are constantly looking for people who are in the market to buy a car. And even though you use local advertising to bring in buyers who qualify for prime loans, this still isn’t enough business. This is where subprime car sales leads come in.

What are Subprime Car Sales Leads? Subprime auto leads are the names and personal contact information of people who are currently looking for a car but have poor enough credit that they cannot get a traditional loan. However, they do have good enough credit to get a subprime car loan. A subprime car loan is a higher interest loan that requires a larger down payment from the buyer and is paid over a longer period of time.

This allows a person with bad credit to buy a car. They fill out an application online with their current information, which can include their email address, physical address, phone number, and current employer. This information is then sold to local car dealerships through a lead broker so the salesperson can contact them and get them to purchase a car.

Why Would Dealerships Consider Buying Subprime Car Sales Leads? - Subprime car sales leads open up a whole new market for car sales. What could possibly be better than having local leads of people who qualify for subprime car loans and are motivated to buy a car? For a car dealership that needs sales, buying subprime car sales leads seems like a great idea. However, the information these companies are promising to sell you may not only be unhelpful but may also be inaccurate.

3 Problems You Will Encounter When You Buy Subprime Car Sales Leads

1. One of the things that these sales leads companies will tell you is that the sales leads in your area will only be sold to you exclusively. This may be true in theory, but what you may be buying is a list of names that have already been sold to every dealer in your state.

This is because auto sales leads companies get their leads from many, many different websites where a person who is desperate to get a car loan will give their information over and over to different application sites. So many local dealers will be contacting these people, whose names have been given out to other sales leads companies and sold to many other dealers over and over again as these people apply for loans on different websites.

2. Another problem is the accuracy of the information. People with bad credit tend to move a lot and often get their phones shut off. So by the time you get the information, you probably won’t get a hold of anybody. Remember, these people are all running from creditors like you.

3. Finally, the sales leads company also has no way of knowing whether the person has purchased a car somewhere else, or if their situation has changed and they are no longer looking for a car, because the sales leads may be several months old or more. And there is also no guarantee this person has any money to make car payments, anyway.

Be Careful When Buying Subprime Auto Leads - Here’s a final thought: In your area, how many people with bad credit do you think are looking for a car right now that you can actually help to make a purchase today? Do you have a ballpark figure? If so, when a lead company promises to give you many more leads than what you know is out there, they are probably giving you leads that are not as good as advertised.
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GET YOUR LOCAL LEADLOCATE CAR SALES LEADS MARKET ANALYSIS

New & Used Pre-Owned Only
Yes No
Individual Dealership
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WE CAN HELP YOU FIND QUALITY LEADS OUTSIDE OF SPECIAL FINANCE AUTO LEAD WHOLESALERS

A subprime auto finance lead application is a loan app to finance a purchase of a vehicle. It is usually offered to customers who have a poor credit rating or limited credit history. The subprime loans have higher interest rates then other types of loans and may also have prepayment penalties if the borrower decides to pay off the loan before the maturity date. Since subprime borrowers often have limited options, they are prepared to settle for any financing terms to buy a car.

In recent years, the subprime auto loan lead market exploded as many car dealerships sought out customers who were willing to pay higher interest rates on car purchases. These customers are called subprime auto leads due to the fact that their auto credit application would be rejected by mainstream lending institutions. But if you are a car dealership looking for subprime car sales leads, these customers could be your perfect target market.

To a dealership, higher profitability is a given benefit of subprime car loans. The customers who agree to these types of loans are willing to pay higher interest on top of the no-negotiation price of the vehicle. Many finance auto lead providers use networks of websites to capture customers information and then resell that information to participating car dealers. The biggest problem that you will encounter if you chose to work with special finance leads is fake contact information. Because credit application websites are optimized to capture as many leads as possible, some applicants don’t take the process seriously and enter wrong contact information to “test” the application results. This fake submission in then sold to you as a lead.

This is why we caution our clients on investing their entire marketing budget into special financing auto lead programs. Even though lead providers might have good intentions on generating quality sales leads for your dealership, clients filling out these lead forms might not.

Our solution is very different from special finance leads. Rather than trying to convince potential buyers to fill out a form on a credit application website, we find people who are already in-market. We do this by looking at all the people selling their current vehicle on a local classified website or social media signaling a buying or trading behavior. Your dealership will then reach out to these car sale leads and invite them to your store for a trade-in appraisal and a new replacement vehicle presentation. Life changing events happen all the time, and if your dealership is willing to invest a little bit of effort in working with these customers, you can dominate your local market.

 

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We will pull selected leads based on your local 20-50 mile sales zone, targeting loyalty, conquest, and trade intent listings.

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You get a personalized landing page that can be used to market yourself to LeadLocate leads as well as other 3rd party leads you generate.

MARKET YOURSELF WITH AN INTERACTIVE WEBSITE LANDING PAGE THAT ALLOWS YOUR CLIENTS TO SCHEDULE APPOINTMENTS WITH YOU.


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MARKETING TOOLS

Included with every account are some of the most powerful email, voicemail, and text message marketing automation tools.

SEND TEXT MESSAGE BLASTS TO YOUR LEADLOCATE CUSTOMER LISTS TO GENERATE MORE APPOINTMENTS AND CLOSED DEALS!


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Tiered of retyping same messages? Our template system that allows you to store templates so that you can quickly send communications.

SAVE AS MANY TEXT OR VOICE TEMPLATES AS YOU’D LIKE! ALL TEMPLATES ARE AVAILABLE FOR USE ON DESKTOP AND MOBILE VERSION.


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Send inventory or introduction videos to your clients in seconds and stand out from the rest of the crowd fighting for their attention!

EASILY FILM FULL FEATURED VIDEO WALKAROUNDS AND TEXT/EMAIL THEM TO YOUR CLIENTS IN A MATTER OF SECONDS USING YOUR SMARTPHONE.


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You get all the tools mentioned on the website in one monthly subscription fee. Plus no long-term commitments or cancellation fees!

NEVER BE SURPRISED BY YOUR BILL AGAIN! ALL OF OUR SERVICES ARE PAY-AS-YOU-GO WITH NO AUTO* BILLING OR AUTOMATIC RENEWALS.


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LIST PROSPECTING

You can generate sales from our lead feeds as well as import your own lists to contacts and prospect using our marketing tools.

USE OUR MARKETING TOOLS TO FIND LIVE SALES LEADS FORM YOUR OLD CLIENT LIST. FIND FORGOTTEN BUYERS AS EASY AS 1-2-3.


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LEADS TO PHONE

Lead replies are automatically pushed to your phone for easy access and follow-up. Plus record videos and upload photos all from your phone.

WITH QUICK ACCESS PAGES, YOU NEVER MISS AN OPPORTUNITY TO MAKE A SALE. ALL LEAD COMMUNICATIONS ARE AVAILABLE ON THE DESKTOP AND YOUR MOBILE PHONE.


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DEDICATED SUPPORT

You get a dedicated point of contact to ensure you receive the best training and support possible. No gimmicks and no runaround.

SAVE TIME BY COMMUNICATING WITH A SINGLE POINT OF CONTACT AT LEADLOCATE. NO MORE CALLING UNINTERESTED CALL CENTERS FOR SUPPORT.


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SPEND YOUR TIME ON SOMETHING BETTER THAN OUTDATED SUBPRIME AUTO LEADS

Being involved in auto sales can be a tricky position as you seek to find customers that are willing to purchase a new or used vehicle. Over the last few years, subprime auto leads have come to the forefront of the auto industry, giving salespeople a chance to target those who are interested in purchasing a vehicle and providing the tools to do just that. While there are huge benefits to going this route, it’s also becoming obvious that subprime auto leads may not be as good as advertised. Keep reading to discover if subprime auto leads are right for you, or if your team needs to take an alternative direction to targeting potential customers.

What are subprime auto leads? Subprime auto leads or special finance leads are lists of potential automobile buyers provided by a company. These special finance leads provide the names and contact information of individuals who are interested in purchasing a car but do not have good enough credit to secure a loan. When working with subprime auto leads, the salesman contacts the individual and then offers to sell them a vehicle with financing that will meet their specific needs. Special finance leads generally require customers to provide a higher down-payment along with higher interest rates. The benefit of special finance leads is that the consumer gets a vehicle while the salesperson receives a larger amount of money spread out over time.

Why should you consider subprime auto leads for your dealership? Special finance leads are, in theory, a fantastic option for dealerships. Not only do they provide a list of potential customers who are desperate to purchase a new car, but they ensure that the dealership can bring in extra money since they will be the ones financing the purchase with higher interest rates.

LeadLocate is a Clear Choice

You need to be willing to prospect if you want to be successful with LeadLocate. Our sales leads are in-market customers looking to sell, trade, upgrade, trade-in their current vehicle.

Why should you NOT buy subprime auto leads for your dealership? While the lure of higher interest rates and better sales certainly is appealing, there are several reasons why these special finance leads should be avoided. Although most companies ensure that you’re the only one who will get the names of these potential customers, truth is that the lists are generally passed around to all dealerships in the area – you’ll be contacting the same individuals who have already spoken with countless other salespeople. Also, the information generated through subprime auto leads is often outdated and worthless. People with bad credit often change phone numbers and addresses to escape other creditors; by the time you receive their information, it will have likely changed. While special finance leads seem like a great option for dealerships, in the end they generally cost more than they are ever worth.

We are proud to offer dealerships with a better option for targeting and connecting with potential buyers. Rather than collecting outdated information about those with bad credit, we use software that searches the internet for those who are in the process of selling their current car. Individuals who are selling their vehicle are usually looking for something new. We gather their contact information so that you can target them and offer them a trade-in-deal.

While special finance leads seem like a great option, they provide poor results. Use our software to generate leads that will truly make sales and help your dealership generate revenue!
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STILL HAVE QUESTIONS?

If you are looking for a sustainable automotive lead generation solution, you have to give us a try. Our software will help you buy local inventory and sell more cars at your dealership.

CALL OR TEXT: 844-788-7757
LOS ANGELES 9AM-6PM (PST)

We cover all of the United States with above average performance in high population areas.
Contact us today to set up your account or to chat about your car sales goals. Call or text us at 844-788-7757.
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Image

BETTER THAN SUBPRIME CAR SALES LEADS

READY TO SWITCH YOUR SUBPRIME AUTO LEAD PROVIDER? TRY LEADLOCATE INSTEAD

Image
Image
Image

WHY SUBPRIME AUTO LEADS MAY NOT BE AS GOOD AS ADVERTISED…

As a car dealership owner, sales manager, or salesperson, you are constantly looking for people who are in the market to buy a car. And even though you use local advertising to bring in buyers who qualify for prime loans, this still isn’t enough business. This is where subprime car sales leads come in.

What are Subprime Car Sales Leads? Subprime auto leads are the names and personal contact information of people who are currently looking for a car but have poor enough credit that they cannot get a traditional loan. However, they do have good enough credit to get a subprime car loan. A subprime car loan is a higher interest loan that requires a larger down payment from the buyer and is paid over a longer period of time.

This allows a person with bad credit to buy a car. They fill out an application online with their current information, which can include their email address, physical address, phone number, and current employer. This information is then sold to local car dealerships through a lead broker so the salesperson can contact them and get them to purchase a car.

Why Would Dealerships Consider Buying Subprime Car Sales Leads? - Subprime car sales leads open up a whole new market for car sales. What could possibly be better than having local leads of people who qualify for subprime car loans and are motivated to buy a car? For a car dealership that needs sales, buying subprime car sales leads seems like a great idea. However, the information these companies are promising to sell you may not only be unhelpful but may also be inaccurate.

3 PROBLEMS YOU WILL ENCOUNTER WHEN YOU BUY SUBPRIME CAR SALES LEADS

1. One of the things that these sales leads companies will tell you is that the sales leads in your area will only be sold to you exclusively. This may be true in theory, but what you may be buying is a list of names that have already been sold to every dealer in your state.

This is because auto sales leads companies get their leads from many, many different websites where a person who is desperate to get a car loan will give their information over and over to different application sites. So many local dealers will be contacting these people, whose names have been given out to other sales leads companies and sold to many other dealers over and over again as these people apply for loans on different websites.

2. Another problem is the accuracy of the information. People with bad credit tend to move a lot and often get their phones shut off. So by the time you get the information, you probably won’t get a hold of anybody. Remember, these people are all running from creditors like you.

3. Finally, the sales leads company also has no way of knowing whether the person has purchased a car somewhere else, or if their situation has changed and they are no longer looking for a car, because the sales leads may be several months old or more. And there is also no guarantee this person has any money to make car payments, anyway.

Be Careful When Buying Subprime Auto Leads - Here’s a final thought: In your area, how many people with bad credit do you think are looking for a car right now that you can actually help to make a purchase today? Do you have a ballpark figure? If so, when a lead company promises to give you many more leads than what you know is out there, they are probably giving you leads that are not as good as advertised.

WE CAN HELP YOU FIND QUALITY LEADS OUTSIDE OF SPECIAL FINANCE AUTO LEAD WHOLESALERS

A subprime auto finance lead application is a loan app to finance a purchase of a vehicle. It is usually offered to customers who have a poor credit rating or limited credit history. The subprime loans have higher interest rates then other types of loans and may also have prepayment penalties if the borrower decides to pay off the loan before the maturity date. Since subprime borrowers often have limited options, they are prepared to settle for any financing terms to buy a car.

In recent years, the subprime auto loan lead market exploded as many car dealerships sought out customers who were willing to pay higher interest rates on car purchases. These customers are called subprime auto leads due to the fact that their auto credit application would be rejected by mainstream lending institutions. But if you are a car dealership looking for subprime car sales leads, these customers could be your perfect target market.

To a dealership, higher profitability is a given benefit of subprime car loans. The customers who agree to these types of loans are willing to pay higher interest on top of the no-negotiation price of the vehicle. Many finance auto lead providers use networks of websites to capture customers information and then resell that information to participating car dealers. The biggest problem that you will encounter if you chose to work with special finance leads is fake contact information. Because credit application websites are optimized to capture as many leads as possible, some applicants don’t take the process seriously and enter wrong contact information to “test” the application results. This fake submission in then sold to you as a lead.

This is why we caution our clients on investing their entire marketing budget into special financing auto lead programs. Even though lead providers might have good intentions on generating quality sales leads for your dealership, clients filling out these lead forms might not.

Our solution is very different from special finance leads. Rather than trying to convince potential buyers to fill out a form on a credit application website, we find people who are already in-market. We do this by looking at all the people selling their current vehicle on a local classified website or social media signaling a buying or trading behavior. Your dealership will then reach out to these car sale leads and invite them to your store for a trade-in appraisal and a new replacement vehicle presentation. Life changing events happen all the time, and if your dealership is willing to invest a little bit of effort in working with these customers, you can dominate your local market.

GET YOUR LEADLOCATE LEADS MARKET ANALYSIS

New & Used Pre-Owned Only
Yes No
Individual Dealership

SPEND YOUR TIME ON SOMETHING BETTER THAN OUTDATED SUBPRIME AUTO LEADS

Being involved in auto sales can be a tricky position as you seek to find customers that are willing to purchase a new or used vehicle. Over the last few years, subprime auto leads have come to the forefront of the auto industry, giving salespeople a chance to target those who are interested in purchasing a vehicle and providing the tools to do just that. While there are huge benefits to going this route, it’s also becoming obvious that subprime auto leads may not be as good as advertised. Keep reading to discover if subprime auto leads are right for you, or if your team needs to take an alternative direction to targeting potential customers.

What are subprime auto leads? Subprime auto leads or special finance leads are lists of potential automobile buyers provided by a company. These special finance leads provide the names and contact information of individuals who are interested in purchasing a car but do not have good enough credit to secure a loan. When working with subprime auto leads, the salesman contacts the individual and then offers to sell them a vehicle with financing that will meet their specific needs. Special finance leads generally require customers to provide a higher down-payment along with higher interest rates. The benefit of special finance leads is that the consumer gets a vehicle while the salesperson receives a larger amount of money spread out over time.

Why should you consider subprime auto leads for your dealership? Special finance leads are, in theory, a fantastic option for dealerships. Not only do they provide a list of potential customers who are desperate to purchase a new car, but they ensure that the dealership can bring in extra money since they will be the ones financing the purchase with higher interest rates.

Why should you NOT buy subprime auto leads for your dealership? While the lure of higher interest rates and better sales certainly is appealing, there are several reasons why these special finance leads should be avoided. Although most companies ensure that you’re the only one who will get the names of these potential customers, truth is that the lists are generally passed around to all dealerships in the area – you’ll be contacting the same individuals who have already spoken with countless other salespeople. Also, the information generated through subprime auto leads is often outdated and worthless. People with bad credit often change phone numbers and addresses to escape other creditors; by the time you receive their information, it will have likely changed. While special finance leads seem like a great option for dealerships, in the end they generally cost more than they are ever worth.

We are proud to offer dealerships with a better option for targeting and connecting with potential buyers. Rather than collecting outdated information about those with bad credit, we use software that searches the internet for those who are in the process of selling their current car. Individuals who are selling their vehicle are usually looking for something new. We gather their contact information so that you can target them and offer them a trade-in-deal.

While special finance leads seem like a great option, they provide poor results. Use our software to generate leads that will truly make sales and help your dealership generate revenue!

STILL HAVE QUESTIONS?

If you are looking for a sustainable automotive lead generation solution, you have to give us a try. Our software will help you buy local inventory and sell more cars at your dealership.

CALL OR TEXT: 844-788-7757
LOS ANGELES 9AM-6PM (PST)

IT'S TIME TO TRY SOMETHING DIFFERENT

Our winning prospecting strategy will help you drive real customers to your business! Let us help you revolutionize how you sell, buy, and trade in your market. CALL 844.788.7757