Past Auto Debt Portfolios for Sale
by Admin
Posted on 31-05-2023 04:47 PM
Arrow acceptance works with any dealer, independent auto finance company, or broker who is looking to sell performing retail installment auto, motorcycle, commercial trailer, or powersport vehicle portfolios. Unlike other companies that purchase buy here pay here notes, we don’t have limitations or restrictions on portfolio size, contract age, apr (yes, even 0%!), mileage, vehicle age, and we even buy salvage and branded titles.
We are a top buyer of bulk auto portfolios, including cars, motorcycles, commercial trailers, and even powersport vehicles, and our purchase programs are specifically designed for buy here pay here businesses. Our process is quick and easy, designed to get your business the quick cash it needs.
Guy o’brien is the founder and ceo of bull bridge capital, a broker in subprime auto finance. He was previously the face of innovate auto finance as the vice president of sales and marketing. Under his leadership, he implemented strategies to increase market share and “contemporize” the brand. Guy is recognized as a subprime auto expert and regularly speaks at national level industry conferences to educate the market on such topics as strategic selling, negotiating, and organizational issues that inhibit growth and performance. Here is a glimpse of what guy shared in the interview. “the buy here pay here (bhph) industry provides a great opportunity for the purchasing of bulk credit portfolios.
We are a top buyer of bulk auto portfolios that bhph businesses turn to for the sale of their portfolios again and again. Our process is fast and simple to get your business the quick cash it needs in one large lump sum that is quickly deposited into your account. We are proud to be a trusted and reliable partner that bhph businesses repeatedly return to when they need a quick influx of cash to meet their business goals. Discuss an offer.
What Is an Auto Loan Portfolio Sale?
Dealer capital partners with other industry experts to provide the level of consulting services you need and can afford. An initial assessment is conducted to identify areas of weakness or areas needing improvement in your business and to then develop a plan to implement improvements. Establishing policies, procedures, job descriptions and training for everyday bhph operations, ensure regulatory compliance in both sales and loan originations, establish proper accounting and data management systems (dms) and portfolio analytics encompass some of our consulting services offered.
Are you a buy here pay here dealer or independent auto dealer looking to sell your auto loans? if so, you have come to the right place. We also work with franchise dealers, auto finance companies and any other party interested in selling auto loan portfolios. We are the top buying source in the market when it comes to selling auto bulk paper. We specialize in all auto bulk portfolios ranging from prime auto paper to deep subprime auto loans (bhph). We represent all of the top industry buyers including non-strategic types (wall street investors and private equity groups).
Are you a buy here pay here dealer looking to sell your auto loans? we are a top buying source in the market when it comes to purchasing auto bulk paper. We specialize in in various types of auto bulk portfolios ranging in size from $25,000 to $10,000,000 loan portfolio purchases in deep sub-prime auto paper (bhph) as well as auto lease portfolios.
Why Are Buy Here Pay Here Loans Sold?
1. Make less money it seems the cost of increased cash flow is decreased profit. Note buyers purchase notes at a discount meaning you’ll get less money than if you collected the account yourself. Often, some of the money paid to you on an account is deferred until that account pays off. 2. Lost customer relationship when you ask dealers who have never sold notes why they have chosen not to do so, this is the reason cited the most, by a wide margin. They believe that, by treating them fairly and financing a car for them, the dealership has established a positive relationship with the customer.
Sale of auto loan portfolio is when a buy here pay here dealer sells off a batch of its loans, which gives the dealer more cash to fund additional loans. Auto loan portfolio sales are common in the buy here pay here industry.
Kip cochran 2020-05-13 01:48:28 being an educated seller helps make the process – and your decision – easier given the pandemic that has overtaken the country, buy here-pay here dealers are asking themselves an important question. Should i sell my notes? even if you have never sold bhph notes in the past, today’s circumstances have probably forced you to ask that question as you continue to manage your business in this economic storm. While we each have our own individual struggles as a result of the coronavirus pandemic, we are all facing the same storm. And that storm has made the decision whether or not to sell your notes more relevant today than it was even a few months ago.
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Auto dealers have two large assets – cars and loans. Agora is redefining the automotive finance market by serving as the central “hub” for buyers and sellers of automotive loans. Let us help give you liquidity by having buyers compete for your portfolios. No data sheets, no brokers, just connect securely via auto master. We have the tools to make sure you are getting the best deal and allow you to get back to doing what you do best – selling cars.
With the demand for subprime loans increasing, a growing number of banks and credit unions are turning to spireon’s gps technology. With our goldstar enterprise solution, financial companies are able to help consumers get into the vehicles they want and need, as well as support them in rebuilding their credit. All while managing their portfolio risk and protecting their profitability. If you’re an automotive lender, adopting spireon goldstar enterprise into your loan generation process can help you expand your loan portfolio to include those with fico scores that fall below the 700 mark. Of course, selling more loans is just the start.