More Approvals Start with the Right Approach

Want more approvals and faster funding? Dealers who work closely with NuFin often see higher conversion rates by following a few proven steps. Here are seven ways to increase your auto loan approvals using NuFin’snon-prime financing platform in 2025.

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1. Pre-Qualify Before Submitting

Start with NuFin’s soft pre-qualification tool. It tells you whether the customer meets basic criteria before submitting the full package.

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2. Submit Complete Applications

Missing paperwork slows everything down. Use a checklist to ensure all documents—like proof of income and car valuations—are included upfront.

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3. Choose the Right Vehicles

Vehicles priced appropriately based on wholesale value improve Loan-to-Value (LTV) ratios, increasing your chance of approval.

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4. Monitor PTI Ratios

Use NuFin’s PTI calculator to make sure your customer’s estimated payment fits within the allowed Payment-to-Income range.

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5. Communicate With NuFin

Have a question about a deal? Reach out early. We’re here to help resolve issues before they cause delays or rejections.

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6. Educate Your Customers

Set realistic expectations with your customers about loan terms, timelines, and what documents they’ll need.

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7. Review and Adjust Your Process

Track your approval rate and look for trends. Dealers who improve processes see higher approval rates over time.

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Partner with NuFin for Higher Approvals

NuFin makes it easy to fund more non-prime customers quickly and efficiently. Apply these tips and watch your approvals grow in 2025 and beyond.

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