CPS is active with franchised and non-franchised dealers. The CPS non-franchised dealer program has seven program offerings, from our nonprime “Preferred” and “First-Time Buyer” programs and everything in between.
To qualify as a non-franchised dealer, you need to be in business for at least two years and possess a facility and inventory that meets CPS requirements. Additionally, non-franchised dealers need to provide:
Three months current bank statements
Current financial statement
Copy of current DMV license
Current dealership photos
Majority owner personal guarantee of titles
Satisfactory credit history on each owner
Highlights of the non-franchised dealer program include:
Advance of 115%+++ to a maximum of 125%
Up to 99,999 miles
Reserve on four programs
Low $1,400 minimum income
Terms to 60 months
Low fees and APR
To get started, contact your CPS marketing representative or the CPS Marketing Department at 1-800-304-6812.