An surge is expected in 2012 for bankruptcies for both personal and business filings.
Tightening credit, ballooning car and house payments are both leading to an expanding bubble that will pop sooner than later for many South Florida residents. While foreclosures start to trickle through the banking pipeline, a new wave is expected to grow in the near future.
Small auto car lots known as Buy Here Pay Here dealers are looking to capitalize on this growth by selling off their note portfolios to bigger investors. This process is know as auto bulk sales or auto note sales.
Dealerships would normally sit and collect on these notes in a hopeful economy. But when the tide turns in the other direction and there’s economic uncertainty, dealerships look to liquidate these liabilities and get cash in hand and sell auto notes to investors.
Dealer Capital, LLC has seen a spike in their business in the past 6 months. With dealerships getting anxious that car owners may hit the financial wall and default on their payments, these dealerships head to auto note buyers like Dealer Capital.
If you are a buy here, pay here dealer looking to capitalize on investor interest and sell auto notes, contact Dealer Capital for a free portfolio review.