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6 November 2019

Business

It's prime-time for non-prime loans

Did you know 30% of Canadians cannot get bank or OEM financing approval for their new vehicle?

Often these consumers may have a high level of credit, but given their risk factors , require, at least in the short-term a non-prime lending solution.

TransUnion reported a 4.2% increase in consumer credit balance in Q1 of 2019. It just so happens that the auto industry is one of the largest markets where this growth is taking place.

Good news for Canadian dealerships.

66% of all Canadian consumers seek financing directly from a dealership. This is 10% above the global average, signaling a huge opportunity in the non-prime market for car dealers.

The opportunity to capitalize on this consumer market is a great way to generate more business and sales volume. It takes very small changes in how a dealership handles these customers to start seeing a very large increase in revenue.

That’s where we come in…

LendCare provides your business with full circle financing solutions that fit everyone’s needs. We don’t make you jump through hoops to get your sub-prime customers approved and have less conditions than your traditional lending options. We get you lightning-fast approvals right at point of sale, then direct deposit your funds within a few days of you booking the deal.

LendCare gets you paid and takes care of everything that comes after. We are the perfect solution for catering to all your customers, regardless of their credit score, while helping you maximize profit and customer retention.

Don’t believe us? Send us your declines today and see for yourself how LendCare will change the way you view credit potential.


COVID-19 & Toronto Humane Society Fundraiser

COVID-19 & Toronto Humane Society Fundraiser

We understand that this is a challenging time for all of us, as we navigate through this new normal. While we are all impacted during this COVID-19 pandemic, we are maintaining a solid support system for your needs. At LendCare, we make it our priority to ensure that we continue to operate at full capacity and provide our partners and customers with the care they deserve.


Toronto Humane Society Fundraiser Information

We cannot thank you enough for all you’ve done to help animals in need. With your help, we have raised over $15,000 in just 4 days! We ask you all to keep the donations coming, and LendCare will match, dollar for dollar, up to another $5,000 for the Toronto Humane Society! With your support, we can reach $25,000 or more for this great cause.


Every dollar you give helps the Toronto Humane Society reach its $100,000 goal to cover the veterinary costs of pets that have been surrendered due to the financial impact of COVID-19.


We double-dog dare you to donate generously, and help us exceed our goal, yet again! No donation is too small.


Click the HERE to donate, directly to the Toronto Humane Society. We thank you in advance for your support!