Dealer Equity Advance Line (DEAL)
The DEAL program was developed for highly qualified dealers who have a need for intermediate cash flow. DEAL is a fixed term loan to the dealer which is secured by contracts pledged by the dealer. The dealer handles the account servicing and makes payments to CAR.
This program is offered to highly qualified dealers with a proven long term history in the BH/PH businesses. They must demonstrate financial security by providing detailed financial statements and static pool information on their portfolio.
Dealers can receive funding by pledging streams of payments from their in-house receivable base in intervals up to 12 months, and maintains their own underwriting criteria and keeps complete control of the collections.
How do I get started?
- Complete and submit a Dealer Information Profile
- Provide the last 2 years of business and personal financials
- Provide complete customer information and account history on accounts you wish to pledge in the DEAL
- Provide original documentation
- Contract & Title
DEAL is designed to:
- Improve cash flow for business needs
- Maintain complete control on accounts
- Retain back-end profitability
- Provide dealer long term flexibility
- Clean title in dealer possession
- Account is current
- Maximum monthly payment of $450
- All payment frequencies accepted
- Remaining term on contract is at least 2 times the interval being pledged
After the stream is complete you can:
- Pledge another stream of payments
- Sell the account entirely via our Bulk Purchase Program
- Keep the account and collect it
For more information
Contact your CAR representative
Or call 877-570-8857
Complete our online information request form or call 877-570-8857.