Cramer Toyota of Venice announces record sub-prime auto loans funded in March 2011

Cramer Toyota of Venice announces record sub-prime auto loans funded in March 2011. A record number of Cramer Toyota customers were financed through non-prime or sub-prime sources last month. According to General Manager Richard Bond. “We believe that tax return money in the consumers pocket combined with the general state of the economy has allowed a surge in the sub-prime business.” Cramer Toyota of Venice has a great relationship with a lender named Gulf Coast Auto Credit. This lender will lend to customers with foreclosures and even bankruptcies.
Cramer Toyota of Venice recognized long ago that traditional banks and finance companies with the current government regulations and restrictions could no longer service customers that had lower credit scores. “I believe that in the future this type of lending will continue to be a bigger part of our business” Said Bond. Cramer Toyota of Venice has been working with Gulf Coast Auto Credit for almost two years and continues to see this business grow. Bond reports, “Gulf Coast Auto Credit is our largest sub-prime lender. Their ability to lend to customers that no other bank can is providing customers with bad credit reliable transportation in the Venice market”. Cramer Toyota of Venice is currently looking for ways to increase its used car inventory so that it can continue to offer this valuable service to the citizens of Venice.