Those
dealers that do not have a financial solution for their customers, will
find great difficulty running their businesses, having to reduce their
profits to a very low margin. On the other hand, those that must
derivate their customers to financial institutions like banks, credit
unions or even most special financing companies, often will suffer the
bureaucracy and high credit requirements that characterizes these
institutions, generally resulting in the loss of viable deals.
The dealer submits a new deal for
processing, we reserve the right to turn down some deals but this happens
in very extreme cases, and a very high percentage of customers are
accepted, even with a history of previous repossessions, foreclosures, or
bankruptcies.
Initially we advance a sum a little over the
cost of the vehicle financed, the difference is funded every month
proportionally to what the consumer has paid. The dealer divides its
profit in two parts, the down payment which is kept immediately, and the
deferred earnings that will be collected monthly.
This way dealers get the benefit of
having their money available to repurchase inventory and focus in their
business, incrementing their chances of sale.
This system gives great control to
dealers, who can decide to whom and how much to finance.
In the event that an account enters in
default, we arrange repossession of the vehicle and Dealers are
responsible of making the pay off, generally within 30 days. (recourse)
We take care of collecting the accounts in our
offices and with specialized personnel, so dealers are able to maintain a
low overhead to conduct their business.
Apply now*
*This service is offered by invitation only,
however feel free to submit your application to let us know you are out
there and interested in doing businesses with us.
