The auto loan note bulk purchase program from AutoNote Solutions is trusted by thousands of BHPH auto dealers looking to sell their auto notes for an instant cash payment.

For BHPH auto dealers, more lot traffic usually means more sales. More sales demand more inventory, which in turn demands more cash. Selling your auto notes with AutoNote Solutions will make your dealership financially liquid, profitable and ready to contend with subprime finance companies, credit unions and franchised dealers in this highly competitive marketplace by getting the cash you need to keep buying inventory and keep selling more cars.

The auto loan bulk purchase program from AutoNote Solutions is trusted by hundreds of buy-here pay-here auto dealers nationwide. We maintains close relationship with top financial institutions that offer the best quote for auto note portfolios. The following process outlines in detail our strategic approach to getting dealers a fast cash payment for their auto note paper throught our premier auto loan bulk purchase program:

First Step

Our team of well-trained professionals conducts market research to properly determine the best fit in terms of a dealer or finance company and as a prospective client for our company’s services.  Our strategy entails surveying potential clients to assist them in assessing their options with us to see if we have solutions that will effectively benefit their needs.  This course of action supports our clients understanding of the industry at the national and local levels.

Second Step

Our next step for our qualified clients entail requesting an electronic data file from them.  This file contains all of the relevant data fields on the client’s account receivables.  As a result of our work in this area, we arrange to use a feature known as DMS (Dealer Management Systems.) Should this feature not be available we have other means of obtaining that data to serve the same purpose (Such as a onsite evaluation where we will create a excel file manually) However, DMS is the most effective and preferred method and quickest data system to establish a price for the not receivables.

Third Step

Our third step entails evaluating the best fit for our qualified client and the potential buyers based on their needs and desires.  We look at the various programs geographically available in a specific auto market place.  Clearly, our job is to do much more than just submitting a portfolio for pricing to one of our buyers and then let the process proceed without our input and assistance to both parties (Our client and the prospective buyer) We approach this third step in the process by building a strong case for our clients. Our goal is to generate optimal results for our clients by negotiating in their best interest with our lenders.

Fourth Step

At the fourth and final step in the process, we ask our potential buyers to submit a letter of intent (LOI) within 24 to 48 hours upon receiving the file.  The scope of the LOI is to clearly indicate the rates and terms of the prospective agreement between our client and the buyer.  The next step at this stage of the process entails determining the buyer’s preferences after signing the LOI.  Some buyers may arrange to meet our client at the dealership or simply to arrange for sending essential documents that indicate the accounts for purchase.  Then the due diligence process is completed.  The final procedure focuses on completing the purchase agreement, which is then signed by the buyer and the seller.  Ultimately, the method of payment, usually a bank electronic wire transfer.  We advise our clients that the fourth step usually takes approximately 5 to 7 business days which ultimately depends if all dealer documents are received by lender and there are no exceptions in place.

PORTFOLIO REQUIREMENTS

REQUIRED DOCUMENTATION

If you currently do not use a DMS system (Dealer Management System), the following documentation is needed in order to evaluate the accounts in your auto note portfolio:

HAVE QUESTION ON HOW TO SELL YOUR AUTO NOTES?

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Frequently asked questions about auto note sales, when to sell and why to sell them. Learn more on how to turn your BHPH receivables into liquid cash to grow your business. If you prefer a personalized 1:1 session, contact us today to schedule a professional consultation by AutoNote Solutions.