Automobile Notes portfolios

 

An automobile note is a promissory note secured by an automobile. We offer automobile dealers and finance companies the opportunity to sell these notes for immediate cash. Whether its for purchasing more inventory or just to reduce the risk level for securing sub-prime loans.

We can also arrange a point of sale funding system for dealers. This is a system in which notes are created by a dealer and immediately sold to funding sources to reduce the risk for dealers. This allows the dealer to offer financing to its customer without having to secure its own bank lines of credit.

 

What are the benefits of selling car paper?

 

It provides immediate cash without bank financing, with the dealer can use to purchase more inventory or open another location.
The dealer no longer has risk of non-payment from credit customers.
Placing auto loans with a funding source at point-of-sale allows the dealer to offer better credit terms to customers without securing a bank line of credit.