DEALERS
FINANCE/FUNDING SOLUTIONS
Dealer Solutions
At RilCorp. Brokerage we buy your Dealer Contracts
buy here pay here , auto notes for cash!
Get top dollar for your auto paper!
Do you have auto paper to sell?
Our job is to help you do more business
Because of our involvement. If
you sell more, we hope to increase our business. We have created
procedures that conserve time and effort so your staff can concentrate
on selling cars and collecting payments. We can provide funds in many forms besides Buy-Here Pay-Here Funding.
WE ALSO PROVIDE: Used Car Floor Plans. Business Loans, Sales Finance Contracts,
Equipment Leasing, Bulk Purchases of Accounts Receivable & Buy-Here
Pay-Here Contracts.
If your dealership does not currently have a BHPH program in place, RilCorp. Brokerage can offer, through many of its funding sources, a complete BHPH financing program.
If
your dealership lacks the financial resources or the willingness to
accept the additional risk starting your own BHPH operation, then this
alternative might be all that's holding you back from additional
profits.
This
program will make it possible to get lower credit score
customers financed. No longer will potential customers walk off your
lot and find a dealer down the street ready, willing and able to
finance such deals. This program is designed specifically for larger
independent dealers - those with sales exceeding 50 auto sales per
month.
NO RECOURSE! NO RESERVES!
We specialize in dealing with auto paper
Are you an Auto Dealer or Finance Company that creates auto notes, buy here pay here auto paper? Do you need CASH for inventory or for your business or personal use?
Sell your auto notes, auto paper to increase your CASH flow and reduce your risk exposure.
Let us show you how to increase your CASH flow without creating new debt, don't wait for your customer to pay you off, Or total your car. We get top dollar for your auto paper, buy here pay here auto notes. We can offer you the financial flexibility to compete in today's auto industry.
▪ VERY COMPETITIVE PRICING ! ▪ NO RESERVES! NO HOLD BACKS ! ▪ NO RECOURSE!
(1st payment default only ! )
▪ ALL MAKES, MODELS, even TMU, and SALVAGE titles!
ANY PAYMENT FREQUENCY ▪
SMALL POOLS WELCOME! NO MAXIMUM LIMIT !
*STANDARD DEALER PURCHASE with 3 MO. SEASONING
(Payment must be current - less than 15 days late)
SELL your auto paper bulk auto notes to us!
Important Note:
SSI
is ok unless its young customers getting ssi for their
kids.
Self
Employed Customers are ok
We
Don’t ask for Drivers License.
Basic
guidelines
Contracts
must have 90 days of payments paid.
Customers
must be current
If the customer has a job and can make the payments, sell them the car.
Keep the loan in house for 90 days.
Pool
20 loans or more every month and email or fax us the excel spreadsheet
with complete information.
We’ll pay for Good or Bad
Credit Contracts up to $.78 cents on the (net) dollar or more.
What are the benefits of selling your auto notes?
It does not create debt on your balance sheet.
It increases your purchasing power, enabling you to do more business.
Eliminates the need for bank loans or SBA Loans. Improves your credit rating, and gives you cash to meet your obligations.
Eliminates using equipment, real estate, or inventory for collateral.
Saves on your in-house staff costs.
Presents a professional image to your clients. Eliminates the need for venture capitalists or partners that share in decision making and profits.
Factor ALL of your receivables, or only the ones you choose. Stop factoring any time you choose without termination penalties.
Why would someone want to sell their auto note, bulk auto paper?
- You
can buy more with a dollar today than you will be able to five, ten, or
twenty years from now.
- People sell their income streams because they
realize that over time, the payments they receive will drop in real
value.
- Small payments over a long period of time have less buying power.
- A Lump Sum of cash today can provide you with financial stability and
flexibility. Purchasing Power!
Cash is worth
more today
than tomorrow!
To maximize your pay price for challenged credit buyers, just do the following:
1. Keep the gross balance under $6,000; lower balances yield higher cents/dollar prices. 2. Keep the term less than 36 months; lower terms yield higher pay prices.
3. Make sure the NADA left side trade-in value of the vehicle, including adds and deducts for mileage is at least 50% of the gross balance, higher averages yield higher prices.
4. Keep track of your records on an approved format i.e. Excel spreadsheet.
Selling Auto Note Compared to Keeping The Auto Note
This is an example:
Selling“The Note” – After 90 Days of Payments
A. Dealer cost of vehicle $3,000.00
B. Selling Price of vehicle $6,000.00
C. Down Payment received $1,000.00
Finance remaining balance at 24% for 27 months
D. Collect 3 payments of $241.00 each $ 720.00
E. Principle balance after 90 days $4,697.00
F. Advance at 80% of principal balance $3,758.00
G. Total Cash collected as a result of selling
“The Note” (C+D+F) $5,478.00
H. Subtract cost of vehicle $3,000.00
I. TOTAL PROFIT AFTER 90 DAYS (G-H) $2,478.00
Keeping“The Note”
A. Dealer cost of vehicle $3,000.00
B. Selling price of vehicle $6,000.00
C. Down payment received $1,000.00
D. Collect 12 payments of $241.00 each $2,892.00
E. Total cash collected after 12 months $3,892.00
F. Subtract cost of vehicle $3,000.00
G. TOTAL PROFIT AFTER 12 MONTHS
$ 892.00
The above examples are for illustrative purpose only.Actual sales price and total profit will vary from this example.
How to get started:
And overnight copies of the following documents for each account
to RilCorp. Brokerage at the address below:
Overnight address:
RilCorp. Brokerage
Attention: Bulk Purchases
Po Box 881321
Los Angeles Ca, 90009
Required Customer Documents
1. Credit Application
2. Retail Installment Contract
3. Current Payment ledger
4. Purchase / Buyers Order
