GLENDALE, Wis. — Built on a family foundation of more than
80 years in the franchised dealership business, a Wisconsin-based finance
company recently opened for business to serve independent buy-here, pay-here stores,
starting with $25 million in availability with a goal of expanding the
portfolio to more than $200 million  

The parent company is Braeger Financial Group led by David
Braeger, chief executive officer of Braeger Auto Finance Group.

The Braeger family has been in the car business in Milwaukee
for more than 80 years. The Braeger Automotive Group currently operates Ford
and Chevrolet stores.

Braeger explained this new finance company for independent
BHPH stores will be starting with $25 million in financing for independent BHPH
dealers across the country.

"We are confident that we will increase that portfolio to
over $200 million over the coming years," Braeger said. "BHPH automobile
dealers are having a tough time in their efforts to increase their credit
facilities through traditional bank lending and that is hurting the dealer and
the consumer. We are going to change that. 

"The most exciting part of this financing is that we are
going to allow qualified investment partners to take part in our financing via
a series of notes at extremely attractive interest rates between 8 to 10
percent annually," he continued.

Braeger also highlighted the company's non-traditional
finance model is enhanced by the strong background in underwriting and
predictive modeling by Rakesh Mishra, the company's head of analytics and underwriting,

Braeger said Mishra's strategy "has received a lot of
attention from various investment groups across the country and we are
confident that our finance model will only grow for qualified investment
partners looking for attractive returns in the alternative investment space.

"This is truly a win-win for the dealers, the qualified
investment partners and our company," Braeger went on to say.

A dealer already is having a positive experience with Braeger
Auto Finance Group. One of the first clients is Bill Kellagher, chief executive
officer of Drive Away Auto.

"David and his company have been instrumental in assisting
Drive Away to expand its capital structure, which has led to major direct and
indirect benefits to us and our customer base," Kellagher said.

"The indirect benefit to our customer base is immeasurable,"
Kellagher continued. "Braeger Auto Finance Group provides a service that is
incredibly beneficial for the growing number of independent BHPH auto dealers
across the country and their exponentially increasing customer base."

For more details about Braeger Auto Finance Group, visit
www.braegerfinancial.com or call (414) 847-6280.

Continue the conversation with SubPrime Auto Finance News on LinkedIn and Twitter.


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