Capital for the BHPH Dealer! - apogeeINVENT

Capital for the BHPH Dealer!

Thomas Hawkins Vice President

CAR Financial Services, Inc.

CAR Financial

CAR Financial has been and continues to be a provider of capital for dealers in the Buy Here Pay Here marketplace for over 25 years. We are licensed in 45 states and continue to evolve with our dealers and the surrounding economy to provide the best capital solutions and service through a single point of contact, while working with dealers to understand their specific needs.

Part of CAR's Mission is to provide capital where dealers need it most to help build and expand their business. CAR does this through a variety of products including:

Floor Plan

Bulk Purchases

Payment Streams ? (PIPP)

Payment Sharing Programs

Servicing

Dealer Challenges in BHPH

Drastically increasing costs The BHPH customer default rate Compliance

Differences in Capital versus Cash Flow solutions

Capital needs are generally one time events

Cash Flow solutions address an ongoing need that arises commonly within a specific dealer's model

Example BHPH Deal

2007 Nissan Altima 130K miles

Sale Price $7,000

ACV

$3,500

TTL

$420

Down Pmt $1,500

APR

24%

Term

24 Months

Payment $313 monthly

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