People with no transportation and bad credit don’t have many options, but the folks at South Beach Motors say they can help.
The new used-car lot in Pontoon Beach offers guaranteed financing, according to General Manager Paul Stamme.
“With enough money down, I can get them financing,” he said. “It’s good for people who don’t have the best of credit. Instead of going the ‘buy-here-pay-here’ route, we can help them reinstate their credit.”
People with good credit are also invited to check out the inventory.
Stamme, 45, of Granite City, is a friend of co-owner Thomas Williams, of O’Fallon, who also works as a railroad police officer. Stamme has been in the used-car business for 18 years.
Williams’ partner is Jim Ford, of Belleville, co-owner of Illini Recovery Inc. He made headlines last year when he was supposed to repossess the vehicle of an elderly Red Bud couple but instead set up a GoFundMe account and paid off their loan.
South Beach opened a month ago at 4120 Pontoon Road, the former location of a used-car lot operated by Koetting Ford, which sold out to Weber Ford.
“It had been successful before with Koetting,” Stamme said.
The South Beach owners renovated the sales building, which originated as a small home. They plan to carry 25 to 30 vehicles generally and 40 to 45 during tax season, when the used-car business gets a boost because of IRS refunds, Stamme said.
Vehicle prices range from $4,990 to $16,990, he said. “We’re trying to keep it budget-friendly.”