RETHINK SUBPRIME

DRIVE profitS & REPEAT BUSINESS

Dealers want an easy way to deliver a great vehicle to any customer, regardless of their credit history. Adding a leasing option gives dealers the flexibility to deliver these cars with shorter terms and attractive payments. Dealers using our leasing program benefit from efficient funding, competitive advances and the opportunity to re-sell returning lease customers. Keep your customers happy and develop a reputation for offering great cars with shorter terms. Most importantly, keep your customers coming back to YOUR dealership! Learn more about our program benefits below.

2010

Founded by Don Foss

20+

Dealers Enrolled

8

States Covered

‍key to a fresh
Start

FAST EASY
APPROVALS

Our advanced online system allows you to price a lease in seconds, and track the progress of that lease through the funding process.

COMPETITIVE
advances

Our competitive advance program (coupled with customer down payment) typically allows dealers to realize healthy profit at lease delivery.

REPEAT
BUSINESS

Customers who lease are expected to return to the originating dealership at lease-end, meaning another sales opportunity for you.

inventory
Listings

CARite dealers can list vehicles on CARite.com. This allows customers and dealers to easily select and price the right lease for their needs.

SYSTEMS
INTEGRATION

Brite Financial and our supporting origination system is already integrated with several industry leading software providers.

EFFICIENT
FUNDING

Dealers enjoy fast funding with complete and accurate deal packages. Our team is here to support you and serve you.

Shorter terms & longer drives

The full Brite leasing program is available in CARite branded dealerships across the United States. Brite is now also available to some select non-CARite used car dealerships. Brite provides premium used car dealers with an effective, far and competitive way to deliver more vehicles through a great leasing program.

Inquire Now

In 2014 , according to Edmunds.com, over 60% percent of auto loans were for terms over 5 years. With Brite our available terms are two to four years. In addition, customers taking delivery of their lease through CARite locations have options to exit their lease early in certain circumstances.  

RETHINK SUBPRIME

BETTER CARS. EASY DELIVERIES.
Provide
Customer Info

Our system scores the customer and deal structure based on our proprietary risk model.

SELECT CAR
& Terms

Our system fully integrates with your inventory management system.

Review
& Submit

Our system calculates your delivery and potential portfolio profit easily and clearly.

Dealers want an easy way to deliver a great vehicle to their subprime and near-prime customers. Adding a leasing option gives dealers the flexibility to deliver these cars with shorter terms and attractive payments. Dealers using our leasing program benefit from efficient funding, competitive advances and the opportunity to re-sell returning lease customers. Keep your customers happy and develop a reputation for offering great cars with shorter terms.

true partners in leasing

TECHNOLOGY DRIVEN PARTNERSHIP

Dealers use our CARS system to find the right lease for their customers. The system allows dealers to easily provide customer information, select an available vehicle, and adjust lease terms. Based on the information provided, the system automatically calculates how much money the dealer makes at delivery.

Profit AT
Delivery

Brite pays you an advance up-front. This, coupled with monies received from the customer, is typically enough to make a competitive delivery profit.  The advance is calculated based on the risk profile of the customer, the vehicle selected, and the structure of the actual lease (term, down payment, etc).

Profit Over
Time

Every lease you deliver goes into a pool. As Brite collects on each lease in this pool, 80% of collections (less any applicable fees) pays back your advance. When the balance of the pool is fully paid off, 80% of all remaining eligible collections are then payable to the dealer as 'portfolio profit'.

Flexibility For Your Business

Flexible financing

Making it easy isn't just about our systems, it's about our underwriting criteria and polices as well.

flexible income sources

Stable income is always preferred. However, our program allows for fixed income and unemployment income. Our minimum job time is just enough to get at least one pay stub.

various credit histories

Your Brite leasing customers can have bad credit or no credit. We accept first-time buyers and we can work with bankruptcy chapter 7 and bankruptcy chapter 13.

Job time & Employment

Your customers can be self-employed, working in a temporary employment situation, or in a standard W-2 position. As you might expect, we value stable employment.

additional situations

We can work through situations where customers have multiple repossessions and/or multiple open vehicle loans or leases on their credit reports.