WHY SELL TO US?
Here are 10 reasons why you should utilize our services:
- We represent all of the top banks, finance companies and investors in the buying market, which enables us to get you top dollar on your bulk auto loans.
- Timely funding is available to meet your immediate cash flow needs.
- We have no minimum or maximum portfolio restrictions.
- We have no vehicle or mileage restrictions and even purchase salvaged or rebuilt titles.
- We work with all payment frequencies: monthly, bi-weekly, semi-monthly and weekly.
- Our professional and courteous staff helps you built repeat customers.
- We purchase any auto portfolio from prime to deep sub prime (BHPH) including lease portfolios.
- We can liquidate your entire portfolio.
- We offer no recourse and no reserve programs.
- Our experienced sales team negotiates on your behalf which equates to higher advances.
As you all know, the buying market has changed drastically over the past 5 years in the sub prime automobile industry. The down economy has led to dealers and lenders alike closing their doors at unprecedented rates. We are happy to say, that despite the public perception, we represent lenders and programs that are every bit as aggressive as they were in years past. The more aggressive lenders are tightening up their processes and being more selective on whom they do business with. Here are some recommendations to prepare you for better success when selling your loans:
- Make sure your customer contact information is updated (most lenders conduct a customer interview on the accounts prior to purchase so this is key to maximizing the number of accounts purchased).
- Be prepared for a lender visit, especially on a first purchase. Most lenders want to meet who they are doing business with and want a first-hand view of the operation and underwriting practices.
- Flexibility is key, every dealer wants top dollar for their notes. Dealers who participate in the risk have the best chance of maximizing their advances on bulk purchases in this day and age. Dealers showing flexibility and a willingness to extend recourse or even utilize a recourse reserve, have a greater chance of reaching their target advances. This is not the practice of all lenders, but some of the more aggressive players in the market have taken these steps to reduce their risk.
