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AUTOMOBILE NOTES
Auto Note Portfolios

Auto Note Portfolios are purchased without recourse to you, the dealer.  as no reserves are held.  You will be offered up to 90% of the principle balance. Two Hundred Thousand portfolio minimum required. Here is the information needed in order to evaluate and price the loans you wish to sell.

Criteria for portfolio acquisitions:
(please keep in mind that prices may or may not be affected if contracts are below the following.  In that event, a review is necessary to determine the price)

No APR required, 18% or higher preferred.

3-6 months seasoning preferred for monthly, semi-monthly, bi-weekly, and weekly contracts

Current accounts no later than 20 days past due

Please forward a random sampling of accounts (15-20 contracts), along with documents 1-5 (see at right), to our attention.  Upon review, you will be contacted to discuss the purchase. 

2. Copy of all contracts

3. Copy of Application

4. Buyers Order (collateral description)

5. Credit Bureau (ok without)