BULK ACQUISITION REQUIREMENTS:
- A minimum of 10 accounts submitted for evaluation.
- Accounts must have a remaining term of 36 months or less.
- Accounts must be aged at least 90 days (excluding pick-up payments).
- Most lenders will complete customer verifications prior to closing. Customers should have a working phone and verifiable employment.
MYDEALERCAPITAL.COM can buy seasoned (and non-seasoned) accounts. However, 90 days of age will ensure maximized pricing and minimal reocourse.
The preferred method to send documents for pricing is a “data dump” or Excel export from your DMS (Dealer Management Software – i.e. Finance Express, Frazer, etc). If no DMS system, the following document copies are needed in order to evaluate an account:
- Copy of Customer’s Credit Application.
- Copy of Bill of Sale/Buyer’s Order.
- Copy of Retail Installment Sales Contract.
- Payment History
Once a file has been submitted or documents have been sent, MYDEALERCAPITAL.COM prides itself in getting an offer back to you within 24-48 hours.