AUL & Ace Motor Acceptance Partner to Enhance BHPH in a Box Program
NAPA, Calif. — Service contract provider AUL Corp. and subprime lender Ace Motor Acceptance Co. recently expanded their relationship to boost a program that's been available since 2009, Buy Here Pay Here in A Box.
AUL and AMAC created a vehicle service contract program designed specifically for the AMAC BHPH in A Box program in what officials called an unprecedented move in the BHPH financing space.
The AMAC BHPH in A Box program is available to dealers in Delaware, Maryland, Virginia, North Carolina, South Carolina, Georgia and Tennessee. AMAC is forecasting expansion of this product into several neighboring states throughout this year.
"AUL truly appreciates the business relationship we have had with AMAC, and this new addition allows more dealers to offer vehicle service contract protection customers want," AUL chief operating officer Jimmy Atkinson said.
"The buy-here, pay-here space is a challenging one for service contracts and AMAC's innovative leadership is creating terrific opportunities for BHPH dealers," Atkinson continued.
AMAC director of business development Wayne Garland added, "We could not be more excited to have AUL Corp. on board with BHPH in A Box in 2012. AUL's partnership of BHPH in A Box compliments other services provided by AMAC such as capital funding and floor planning programs offered to buy here pay here dealerships.
"Since its launch, BHPH in A Box has been widely successful," Garland went on to say. "Through this new avenue with AUL Corp., we are confident that our unique secondary financing option will be a more complete program to our BHPH dealers."
Dealers wanting more information can contact AMAC at (800) 297-5618 or visit www.acemotoracceptance.com.