Finance Express Highlights New BHPH Financing Offering
Normal
0
false
false
false
EN-US
X-NONE
X-NONE
MicrosoftInternetExplorer4
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-qformat:yes;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin-top:0in;
mso-para-margin-right:0in;
mso-para-margin-bottom:10.0pt;
mso-para-margin-left:0in;
line-height:115%;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:”Calibri”,”sans-serif”;
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-fareast-font-family:”Times New Roman”;
mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;}
LAS VEGAS — Finance Express unveiled what it's calling a "game-changing
way" to finance buy-here, pay-here dealerships.
The company highlighted FEX Fund can allow independent dealers
the financial flexibility to grow their business without the need to sell a
significant percentage of their cash flow to an outside third party.
Finance Express indicated dealers will remain in full
control of their receivables and also get the added benefit of immediate cash
flow on new BHPH contracts they finance and service.
"The FEX Fund program will allow a BHPH dealer to
significantly grow and control their loan portfolio and not be faced with the
tough decision to sell and have their BHPH portfolio ‘cherry picked' to provide
liquidity," Finance Express chief executive officer Dave Huber explained.
"The combination of the unrivaled technology of FEX DMS and
the financial strength of this prominent lender have combined to create a
program that will give independent dealers a platform to grow their business
and break through the financial barriers that have thwarted them in the past,"
Huber continued.
Store managers attending the 2012 NABD Conference hosted by
the National Alliance of Buy-Here Pay-Here Dealers can learn more about Finance
Express' new offering by visiting with company officials at Booth No. 227.
Finance Express Adds Prestige Financial to Lender Portal
In other company news, Finance Express entered into an agreement
with Prestige Financial on a joint initiative executive said will go live in
more than 20 states this month.
"We are excited and proud to team up with Prestige
Financial," Finance Express chief operating officer Michael Flashner.
"As the lending terrain has narrowed over the past few
years, dealers need a partner like Prestige, who can offer them flexible,
common-sense and consistent credit decisions," Flashner continued.
Prestige officials shared their reaction to new
relationship.
"This country is full of strong, independent operators who
spend their days helping people to buy affordable and reliable vehicles,"
stated Prestige chief operating officer Bryant Henrie.
"Finance Express provides an excellent way for us to support
these efforts with robust credit options typically reserved for franchised
dealerships," Henrie added.