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| Below is a list of our most frequently asked questions. These are helpful tips that may be useful to you as you
make the decision to become a CPS dealer. |
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| Q: I heard CPS buys aggressively, but are hard to fund with. |
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| A: CPS wants to fund the deal we approve. The biggest problem we have that slows funding or may cause a
returned contract is (1) overstated income, and (2) overstated job time. |
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| Q: Do we need a dedicated Special Finance Department to work with CPS? |
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| A: No. Most stores are successful using CPS as long as they complete an accurate credit application including
correct income and job history. |
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| Q: What are a few of your program niches? |
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A: A few of CPS product niches are:
• No minimum FICO score
• True First-Time Buyer Program — ghosts OK
• Freshly discharged BK with no re-established credit
• Up to 99,999 miles
• No prior auto credit needed
• Kelley or NADA — dealers choose |
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| Q: What type of dealer support do you offer? |
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| A: CPS has experienced marketing representatives that not only know our program, but know the subprime business. Most of our
marketing representatives come from the retail auto business and really know how to support your dealership's subprime efforts. |
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| Q: How do I sign up with CPS? |
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| A: Just contact the CPS Marketing Department at 1-800-304-6812 and we’ll get you in touch with one of our
helpful representatives. |
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| Q: How flexible is CPS? |
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| A: If the deal has merit, CPS is quite flexible. We’ll re-evaluate system turn-downs or make exceptions on price and
deal structures when warranted. |
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| Q: How fast are CPS call-backs on applications submitted? |
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| A: CPS processes about 97% of applications through our automated decision engine. That means you'll receive
virtually instant call-backs. |
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| Q: How long does it take to get a deal funded |
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| A: On a clean package with all the "stips", it takes a couple of days for us to finish our verifications. Unfortunately,
many contract packages arrive incomplete or information is inaccurate and that slows down the funding process. |
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