{"id":63,"date":"2013-07-30T12:09:06","date_gmt":"2013-07-30T17:09:06","guid":{"rendered":"http:\/\/efgintelligence.com\/subprimepoint\/?p=63"},"modified":"2013-11-04T16:31:17","modified_gmt":"2013-11-04T22:31:17","slug":"faced-with-economic-lemons-lemonade-sure-tastes-good","status":"publish","type":"post","link":"https:\/\/efgintelligence.com\/lendingcurve\/faced-with-economic-lemons-lemonade-sure-tastes-good\/","title":{"rendered":"Faced with Economic Lemons? Lemonade Sure Tastes Good."},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/efgintelligence.com\/subprimepoint\/wp-content\/uploads\/sites\/4\/2013\/10\/Steve-Klees-Blog-Headshot.jpg\"><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" data-attachment-id=\"184\" data-permalink=\"https:\/\/efgintelligence.com\/lendingcurve\/five-keys-to-success-for-sub-prime-lenders-when-expanding-to-new-markets\/steve-klees-blog-headshot\/\" data-orig-file=\"https:\/\/i0.wp.com\/efgintelligence.com\/lendingcurve\/wp-content\/uploads\/sites\/4\/2013\/10\/Steve-Klees-Blog-Headshot.jpg?fit=214%2C338&amp;ssl=1\" data-orig-size=\"214,338\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Ellen E. Martin&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1383582262&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Steve Klees Blog Headshot\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/efgintelligence.com\/lendingcurve\/wp-content\/uploads\/sites\/4\/2013\/10\/Steve-Klees-Blog-Headshot.jpg?fit=189%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/efgintelligence.com\/lendingcurve\/wp-content\/uploads\/sites\/4\/2013\/10\/Steve-Klees-Blog-Headshot.jpg?fit=214%2C338&amp;ssl=1\" class=\"alignright size-full wp-image-184\" alt=\"Contributing Author: Steve Klees\" src=\"https:\/\/i0.wp.com\/efgintelligence.com\/subprimepoint\/wp-content\/uploads\/sites\/4\/2013\/10\/Steve-Klees-Blog-Headshot.jpg?resize=214%2C338\" width=\"214\" height=\"338\" srcset=\"https:\/\/i0.wp.com\/efgintelligence.com\/lendingcurve\/wp-content\/uploads\/sites\/4\/2013\/10\/Steve-Klees-Blog-Headshot.jpg?w=214&amp;ssl=1 214w, https:\/\/i0.wp.com\/efgintelligence.com\/lendingcurve\/wp-content\/uploads\/sites\/4\/2013\/10\/Steve-Klees-Blog-Headshot.jpg?resize=189%2C300&amp;ssl=1 189w\" sizes=\"(max-width: 214px) 100vw, 214px\" \/><\/a>As President Obama and Congress nail out budget sequestration for 2013, businesses across the country are scrambling to determine how this will affect their productivity.<\/p>\n<p>Political Pundits are anticipating the sequester will cost the economy upward of one million jobs in 2013 and 2014. While this might make you cringe when thinking about possible affects to the sub-prime auto loan market, it\u2019s important to remember that coming out of a recession, there is pent-up demand.<\/p>\n<p>According to recent stress tests conducted by Fitch Ratings, the U.S. auto market can withstand a hypothetical recession and material declines in used vehicle recovery rates. However, rather than just trying to withstand economic hardships, your competitors are looking for ways to turn those stresses in their favor.<\/p>\n<h4>How do you stand-out from the crowd among F&amp;I managers beyond low interest rates?<\/h4>\n<p>Consider the following scenario.<\/p>\n<blockquote><p><em>An F&amp;I manager has a customer who qualifies for financing through your institution and a competitor. While the competitor\u2019s rate is slightly higher, they also offer complimentary consumer protection products that make their loan more stick (not to mention the opportunity to make money through upsell). Which rate do you think the F&amp;I manager will sell?<\/em><\/p><\/blockquote>\n<p><strong>Structuring your loans with F&amp;I products that reflect current economic conditions and consumer needs not only make it easier for finance managers to sell, but also:<\/strong><\/p>\n<ul>\n<li><span style=\"font-size: 13px;\">attract and retain dealership partners;<\/span><\/li>\n<li><span style=\"font-size: 13px;\">increase year-over-year auto loan volume and financial control;<\/span><\/li>\n<li><span style=\"font-size: 13px;\">expand per month income;<\/span><\/li>\n<li><span style=\"font-size: 13px;\">reduce default rates; and,<\/span><\/li>\n<li><span style=\"font-size: 13px;\">decrease repossessions and collection costs.<\/span><\/li>\n<\/ul>\n<p>With over 35 years in administering consumer protection products and working hand-in-hand with dealers across the U.S., <a title=\"EFG Companies\" href=\"http:\/\/www.efgcompanies.com\" target=\"_blank\">EFG Companies<\/a> knows how to structure your loans to be more attractive in the F&amp;I office with F&amp;I products custom-tailored to match your dealership-partner\u2019s demographics.<\/p>\n<p><a href=\"http:\/\/www.efgcompanies.com\/who-we-serve\/for-financial-institutions\/sub-prime-lenders.aspx\" target=\"_blank\">Find out<\/a>\u00a0how EFG can turn economic stress into increased revenue streams today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As President Obama and Congress nail out budget sequestration for 2013, businesses across the country are scrambling to determine how this will affect their productivity. Political Pundits are anticipating the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":98,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[29,16],"tags":[21,20,18,159,160,10,19,22,17,6,5],"class_list":["post-63","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner","category-economy","tag-auto-loan-financing","tag-auto-loans","tag-economic-stress","tag-efg-companies","tag-fi","tag-finance-insurance","tag-indirect-lending","tag-sequestration","tag-steve-klees","tag-sub-prime","tag-subprime"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/efgintelligence.com\/lendingcurve\/wp-content\/uploads\/sites\/4\/2013\/07\/Lemonade-Blog-Slider.jpg?fit=760%2C250&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7ht2K-11","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/efgintelligence.com\/lendingcurve\/wp-json\/wp\/v2\/posts\/63","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/efgintelligence.com\/lendingcurve\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/efgintelligence.com\/lendingcurve\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/efgintelligence.com\/lendingcurve\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/efgintelligence.com\/lendingcurve\/wp-json\/wp\/v2\/comments?post=63"}],"version-history":[{"count":13,"href":"https:\/\/efgintelligence.com\/lendingcurve\/wp-json\/wp\/v2\/posts\/63\/revisions"}],"predecessor-version":[{"id":190,"href":"https:\/\/efgintelligence.com\/lendingcurve\/wp-json\/wp\/v2\/posts\/63\/revisions\/190"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/efgintelligence.com\/lendingcurve\/wp-json\/wp\/v2\/media\/98"}],"wp:attachment":[{"href":"https:\/\/efgintelligence.com\/lendingcurve\/wp-json\/wp\/v2\/media?parent=63"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/efgintelligence.com\/lendingcurve\/wp-json\/wp\/v2\/categories?post=63"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/efgintelligence.com\/lendingcurve\/wp-json\/wp\/v2\/tags?post=63"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}