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Auto Sales and Special Finance Manager/Partner - Sioux Falls

Company: U Drive Acceptance Corporation
Location: Sioux Falls
Posted on: February 25, 2021

Job Description:

Overview Are you a self motivated automobile sales person desiring to strike out on your own but need help? We are looking for a self-directed individual with a minimum of 5 years' experience in the Automobile Sales field. This position will offer opportunities for growth and the opportunity to buy equity in the company at its inception and to earn additional equity through performance goals that are achieved. We prefer the candidate to have an initial investment for equity of $50K.We will provide the additional capital needed to startup and maintain the store. Ideally we will sell an average of 50 vehicles per month financed by our related finance company. We will grow a $10-15MM portfolio of active loans to subprime and nonprime credit applicants that need reliable transportation and help reestablishing their credit. The special finance manager (SFM) structures car deals for clients with subprime credit that fall outside the conventional system, in compliance with special finance lender guidelines and auto dealership policy, resulting in quick funding, and a high level of customer satisfactionResponsibilities Include The Following* Know and implement dealership policies and procedures.* Maintain a clean and organized office.* Communicate all problem deals to management immediately.* Address missing stipulations communicated from lender immediately.* Adhere to a standard of professional ethics and be respectful to customers.* Be knowledgeable of state regulations regarding finance and the fair credit reporting act.* Interact with appropriate departments.* Train and supervise sales staff.* Purchase needed inventory* Structure deals in accordance with lender and dealership guidelines.* Book out deals accurately.* Perform credit interview, prepare credit application with the customers.* Verify accuracy of all material information on the credit application and submit to lender.* Maintain confidentiality of customer information* Maintain a call-in log and contracts in transit log (funding package).* Train administrative personnel how to assemble funding packages.* Review funding packages prior to mailing.* Show and demo vehicles when necessary.* Design and place advertising for special finance.* Analyze credit reports* Maintain dead file for inactive deals.* Prepare weekly and monthly reports as requested by management.Requirements5 plus years experience in a managerial role in Auto Sales or FinanceBenefitsCompetitive payplan with performance based bonusesOpportunity to be a partner in a growing enterpriseHealth Insurance3% IRA matchPaid Holidays and Vacation

Keywords: U Drive Acceptance Corporation, Sioux Falls , Auto Sales and Special Finance Manager/Partner - Sioux Falls, Sales , Sioux Falls, South Dakota

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