We Pay Cash For Auto Loan Portfolios or car loans anywhere in the USA and fund in days.
We Buy Auto Loan Portfolios
What Makes A Salable Auto Portfolio
To The Auto Dealers:
I am frequently asked what makes a good salable auto loan portfolio. Generally speaking we are interested in portfolios with principal balances of about $50,000 to the sky is the limit. If your portfolio is close to this minimum we’d like to see it. A dealer can expect a bid from the low 70% to the low 80% to maybe the low 90% of the portfolio remaining balance. The following is a list of criteria that is preferred but if it is not included it won’t prevent us from buying your portfolio.
* We prefer loans where the cars have the GPS locators on them
* Loan interest rates are at or close to the state maximum
* Loans are paid monthly and for an original term of about 3 years
* Vehicle sales are at realistic values and include down payments of about 10%+/-
* Loans are being paid and are current (although we have a buyer for bankrupts)
The sale process is as follows:
* Dealer provides us with an email summary of their portfolio (available on request)
* If our preliminary bid is agreeable, we request dealer to put loans on our spreadsheet
* After review of our spreadsheet we will refine our bid to the dealer
* If this refined bid is satisfactory, we will ask for copies of the loan documents
* After final review of loan documents a firm bid is extended to the dealer
* If final bid is acceptable, the deal is funded within a few days.
* After funding, dealer is to send in the original documents (a checklist is provided)
With everyone’s cooperation, these deals can be funded in few days.
You sold it and carried the paper, now get your cash back... We buy auto loans, auto loan or lease portfolios nationwide.
Click To Email Us with questions on your auto portfolio
We Are Also Note Buyers
We Also Buy Private Mortgages, Trust Deeds, Land Contracts, Accounts Receivables etc.
We Buy Seller Carry-Back Loans
If It Gives You Regular Payments, We Will Give You All Cash Today
Call Us Toll Free (866) 935-3100
We buy seller carry-back notes on real estate or business sales anywhere in USA. If it give you payments, we'll buy it for all cash today.
Often a small business is sold with seller financing. We can provide all cash for seller carry-back financing.
I will send you a form to be completed and emailed back to our office in order for us to give you a quick cash quote on the purchase of your note.
We also buy accounts receivable from business accounts. We always try to minimize any discount to your note to maximize the net cash to you.
If our cash price to you is satisfactory, we will set up a closing at a title company or escrow company located near you to finalize the sale. These sales can be completed in just a couple weeks.
* Mortgages, Trust Deeds, Land Contracts, Wraps & AITD's
* Notes Created From Sales of a Business
* Business Equipment Notes, Lease Options & Leases
* Notes on Airplanes, Boats and most Personal Property
* Insurance Settlements , Pensions, Inheritance & Annuities
* Lottery Winnings, Mobile Home Notes & Divorce Settlements
* Accounts Receivable Financing - Factoring and Many Others Also
* Auto Loans - "Buy Here/Pay Here" Loan or Lease Portfolios
Get the consultant you need, at prices you can afford, contact us to learn more.
Any Regular Payments You Receive We Can Converted To ALL CASH For You In A Couple Weeks!
Click To Email Us with a question on a private note sale
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