ACC has recently completed the development of an ''AFFORDABLE'' loan management system for licensing to buy-here-pay-here automotive dealerships. The LMS has originations, loan servicing, collections and accounting modules. Interested dealerships should contact Frank Mercer at [email protected].
ACC Consumer Finance (ACC) is a LENDER, consulting and management firm that assists independent and franchise dealers in operating their own Related Finance Company. Prior to establishing this business relationship, ACC performs a thorough review of the dealership to determine whether the dealership is an acceptable dealership for a Related Finance Company. If the dealer is approved for inclusion in the ACC Related Finance Company Program, a Services Agreement is executed which governs the responsibilities of both parties in this relationship. The program is designed where the Dealer owns a Related Finance Company to finance some of the dealerships vehicle sales under a program designed where the Dealer is the seller of vehicles and their Related Finance Company is the financing source for the sold vehicles. ACC is assigned management responsibility for the dealerships finance company and provides the related finance company with an online portal to receive the applications from the dealership. Once the application is approved and the deal is contracted, the related finance company submits the contract package to ACC for contract loan validation, verification, servicing, collections, repossessions and portfolio risk management analysis of all contracts financed by the Related Finance Company. If the dealership needs liquidity and after the contracts have been serviced for 90 days CULS offers the dealer loan portfolio for sale.
Phone
(619) 375-1100
Fax
(619) 599-8170
Cell Phone
(619) 890-2440
Address
1870 Cordell Ct. Suite 104 El Cajon, California 92020
(1) ACC specializes in the indirect auto financing of Contracts originated by franchised and independent Dealers for moderate to high risk Borrowers. By purchasing Contracts, ACC provides an alternative source of financing for Borrowers who might not be able to qualify for traditional automobile loans or leases from prime financing sources. ACC’s business strategy calls for holding Contracts to maturity and in some cases to offer contracts for sale after seasoning. The ACC program is built on the premise that, by properly structuring the financing transaction and by performing a thorough credit evaluation of each borrower application, many of these potential borrowers can be profitably financed by ACC. This is accomplished by (i) making good credit decisions at the time the installment contract is purchased; and (ii) maintaining an effective loan servicing and collection operation
(2) ACC assists non-franchised auto dealers with setting up their Related Finance Company. Our services include ann ''A to Z'' solution with everything a compliant auto finance company needs. We make sure that the Related Finance Company complies with all Federal/State regulations/ laws and IRS regulations. We also partner with the dealership by providing a credit line for purchasing the contracts from the dealership by the Related Finance Company.
How We Got Started
ACC's Managing Member, Frank Mercer, has been involved with indirect auto lending for over twenty five years. While at Imperial Savings, Frank was the EVP of consumer lending of this 132 branch S&L. For the 10 year period while at Household Auto/HSBC, Frank built an $11.5 Billion auto portfolio and was involved in over $8 billion in asset backed securitizations. Frank knows how to run efficient auto finance companies with risk management as his primary focus.
Competes On
Convenience Expertise Price Service Selection Value