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Contact
Information:
722 Redemption Funding, Inc.
Address:
7901 Vine Street
Suite 200
Cincinnati Ohio 45216
Phone:
1-888-721-2800
Email:
support@722redemption.com
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AUTO DEALER: GETTING STARTED
Our wholesale replacement program allows for debtors to purchase a vehicle the same day they file for bankruptcy. This provides automotive dealers an excellent opportunity to increase your customer base.
To have success through our program, dealers should have a large special finance inventory and the ability to think creatively.
Our program works as follows:
- We approve your customers for a monthly payment.
- You then work with the individual within the guidelines to find a vehicle that fits into the approved payment.
- Once a vehicle is selected, you provide us the following stipulations: Buyers Order, Book Out Sheet, 3 references, Proof of Income, Proof of Insurance and Proof of Current Mortgage (if applicable).
- The balance to finance on your buyers order must not exceed 115% NADA trade-in value.
- We handle all of the contract work directly with the debtor and fund within 48 hours of receiving the contract back.
- For franchise dealerships, we can fund with the attached Guarantee of Title Form. For all others, we will need proof of our lien being filed before funding.
- No down payment is required. Given the financial situation of our customers, it is unlikely they will have more than tax and title as a down payment.
- No discount is charged.
Program Guidelines
Stipulation Sheet
Acknowledgement of Joint Marketing Fees
Guaranty of Title Lien
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