FAQs

BankHunter is the auto finance industry’s first patented, machine-learning software to instantly match a car buyer’s credit application to the best terms for the deal.

The current auto loan placement process is painfully slow, inaccurate and costly.

Dealers use a lender rate book, guess where to place the deal, or simply submit the applications by default to the captive lender. 

Credit approvals run 30% nationwide, 30-60% at dealerships, and 93% with BankHunter.  With BankHunter, you never miss an opportunity to convert a shopper into a buyer.

Approvals average 93 minutes or more at dealerships.  Don’t forget, over 30 years in the car industry, we have seen the numbers in many dealerships.

More importantly, we’re on your team, helping you make more money with a more efficient process.

That’s why we created BankHunter, where approvals average just 10 minutes.

Get your customer an approval in 10 minutes, and your front-end sales can increase by as much as 20%.

Get your customer into Finance in under 20 minutes, and they will spend up to $750 more per copy.

Whether A-tier or Subprime credit, whether you’re working with 8 banks or 80, you will benefit immensely from using BankHunter.  

Step into the computer age and keep your customers smiling.  They will reward you for it.

The BankHunter Advantage

Approvals in 10 Minutes

Increase Approval Rates by 50% or more

Instantly Qualify Customers

Source the BEST INTEREST RATES 

Compare Multiple Term Options in Minutes

Increase contracted deals by as much as 20%

BankHunter instantly sorts and ranks all available lenders based upon the specifics of YOUR customer’s car deal.

Once the credit application is submitted to the top lender or two, they typically approve the loan within 10-minutes.

Pre-Approval vs Approval

Some companies advertise approvals that are in fact pre-approvals.  And some are merely lead generators.  BankHunter is currently building a true prequalifier–with a car shopping budget–that it will release shortly.

This will allow you to service the customer from the outset, and maintain fidelity as they return to have you place the loan with BankHunter.

The BankHunter pre-approval will help customers to shop.  The BankHunter loan placement algorithm helps you seal the deal.  Immediately.

All the while providing your F&I Manager with multiple finance options within minutes. 

Give the lender what they want to see, and your approvals come fast and furious.  Want to make more money?  Turn an interested buyer into a financed one quicker, and they will reward you by spending more.

Auto Finance at Hyperspeed…that is BankHunter!

Great! 

Across the entire credit spectrum–Prime to Subprime–BankHunter cuts credit decision times by 98%, and helps the dealer (or loan facilitator) to immediately source the lenders with the best terms.

A 680 isn’t the same with every lender, not even close.  And neither is an 800.

Lender guidelines are nuanced, varied, and change regularly.  Sorting through them is much faster and more accurate with a computer.  But we already know this, don’t we?

As a dealer, you want to remove all the guesswork, and maximize your profit as you control the deal.  As a lender, you want accurately matched applications submitted as quickly as possible.  BankHunter brings your mutual needs together in a matter of seconds.

Whether your buyer has excellent credit, average credit, or subprime credit, use BankHunter to instantly source the best lender for your deal.

You’ll be very glad you did!

Yes!

Whether a buyer is purchasing the car personally, or in the name of their business, BankHunter can process the credit application.

Yes!

BankHunter is committed to providing access to car financing to all who qualify.  Your customer can apply with either an ITIN (Individual Taxpayer Identification Number) or a Social Security Number.

Yes, absolutely!

BankHunter can sort any lender guidelines, including Banks or Credit Unions that service a limited geographical area.