Dealer Information

Contact a Lotus representative today @ 800-871-8589 to see how we can help you close more deals.

Once you are signed up, we accept applications through Dealertrack as well as fax and email. You can also refer your customers to our website directly and they can apply before they even get to your dealership to see if we can get them an approval. We review the collateral along with the customer, therefore we request that a vehicle is submitted with the application. We do not make cash calls.

Our underwriting process is straightforward and once we receive the completed loan package, we typically fund in 24 hours. You can complete loans on your forms if you have an F&I department, or we can send you the pre-completed forms and you will just need to get signatures and collect any other stipulations, a checklist is included with each deal for your convenience.

We do offer provisions for back end products as well. We also do not require any reserve. The approved amount you receive from us is the same amount as the funding check you will receive, pending all underwriting requirements are met.

Contact us today to find out how we can help you close the deals that others cannot! We look forward to hearing from you.

Who qualifies for a Lotus Loan?

  • Applicants should have 6 months on the job and a minimum of $1,500 monthly income
  • We cannot approve applicants with previous repossessions or auto charge-offs
  • Collateral must be within the last 10 model years and under 150,000 miles
  • We lend on title and non-title collateral (UCC will be filed)
  • We require proof of income (last check stub)
  • We usually fund between 80-90% of NADA retail value