If you’re looking to get a lump sum of cash injected into your auto sales or financing business, selling your auto loans in bulk may be the answer. Selling loans in bulk is the alternative to holding on to the note and collecting small monthly payments.
Look to an auto loan buyer or buyer of auto notes for information and quotes. An experienced note purchaser or broker should be able to gather some information from you and appraise your bulk auto notes in only a few days.
Liquidating your notes can create plenty of opportunities for a small to medium buy here pay here lot. Most lots use in house financing to get potential car buyer with sub par credit into the vehichles. The time it takes to bill, collect and maintain this financing can be overwhelming for some small lot owners. Auto paper or note purchasers can make you an offer on your notes and have cash in your hand in less than a week.
Most note purchasers offer competitive rates for performing notes and also offer additional services to buy here pay here lots to help them operate a more efficient business.
Some of the additional services may include:
Dealership Credit Lines
GPS and Starter Interrupt Devices