Built around the Buy Here Pay Here model
Buy Here Pay Here gives independent dealers the ability to serve customers who may not qualify with traditional lenders, but carrying every retail installment account requires substantial capital and an experienced servicing operation. KtoB’s dealer financing program is designed to support that business model.
Traditional lenders can introduce bureaucracy and credit requirements that cause dealers to lose otherwise viable customers. KtoB offers a more flexible structure, including consideration of customers with past repossessions, foreclosures or bankruptcies.
Expand lending capacity without exhausting your capital
For dealers already operating a Buy Here Pay Here portfolio, KtoB’s co-financing program can extend the point at which available capital limits new originations. By sharing the capital required for each eligible deal, established BHPH dealers can finance more customers, keep inventory moving and continue growing their portfolio before their own funds are exhausted.
Dealers participating in the co-financing program earn all interest generated by their reserve percentage, preserving the return produced by the dealer-funded portion of each account.
How it works
The dealer submits a deal for processing. After approval, KtoB initially advances an amount equal to $1,000 over the financed vehicle’s MMR (wholesale market value). Remaining earnings are funded monthly in proportion to the consumer’s payments. The dealer keeps the down payment immediately and receives deferred profit over time.
This returns capital for inventory and moves account servicing to KtoB’s specialized team. Financing is with recourse; when an account defaults, repossession is arranged and the dealer is responsible for payoff, generally within 30 days.
Apply for considerationThis service is offered by invitation only.