AMAC’s New Dealer Stimulus Program Helps Auto Dealers Expand Customer Base and Approve Non-Prime Consumers.

Sub-Prime Lender Launches New Dealer Incentive and Auto Financing Program to Help Auto Dealers Turn ‘Bad Credit into Good Profits’

MATTHEWS, N.C. – Ace Motor Acceptance Corporation (AMAC), a North Carolina-based sub-prime auto lender, announced today the launch of its new Dealer Stimulus Program. The initiative gives auto dealers more opportunities for increased sales and profit margins by expanding their customer base to include consumers with a 520 or higher Beacon score. The company’s standard program has no minimum Beacon score. The Dealer Stimulus Program offers several incentives, including access to 24/7 online approvals, and is available to independent auto dealers and franchise auto dealers in Delaware, Maryland, Virginia, North Carolina and South Carolina.

“Due to the stress of the economy on lenders, independent auto dealers and franchise auto dealers are experiencing increased difficulty getting approval for ‘non-prime’ customers,” said Wayne Garland, Director of Dealer Development. “The Dealer Stimulus Program is designed to help dealers move more inventory with increased profit margins.”

Founded in 1998, AMAC specializes in delivering integrated solutions for auto dealers’ secondary financing needs. The new Dealer Stimulus Program gives independent auto dealers and franchise auto dealers the opportunity to work with a greater range of secondary customers to increase dealership profitability. Each independent auto dealer and franchise auto dealer participating in the program is assigned a Dealer Development Representative. The program also includes anytime access to the AMAC’s user-friendly, online approval system, step-by-step training and direct access to underwriters when needed.

24/7 online approval is facilitated through AMAC’s AMAC Express, an efficient online program that delivers a number of benefits for auto dealers. AMAC Express gives approvals on customers under the Dealer Stimulus Program and AMAC’s standard programs. Once dealers are set up in the system, they have the ability to see the profit for each vehicle in inventory and contract customers before they leave the lot. They can submit applications at any time, including nights and weekends, when other lenders are closed. A fax-in program is also available for auto dealers who are unable to pull Equifax Credit or prefer to do business the old-fashioned way.

Under the Dealer Stimulus Program and all of AMAC’s programs, first-time buyers, self-employed buyers, and buyers who previously had good credit but have experienced a recent credit setback are eligible for financing. No credit, weak credit and bad credit applications are accepted. No minimum job time is required, and tax identification numbers are also accepted.

“If for some reason a customer’s application is declined by the system or the deal needs to be restructured, we encourage auto dealers to call us and let us work with them to find a way to get customers into an automobile,” said Stephanie Troxell, Director of Underwriting & Funding. “We are committed to working with auto dealers to provide comprehensive, personalized support and to help them increase profits, despite the economic downturn.”

AMAC’s Dealer Stimulus Program and its Sub-Prime Programs are currently available in Delaware, Maryland, Virginia, North Carolina and South Carolina.

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