MARBLEHEAD, Mass. — This week, FinCo Management — a provider
of deep subprime dealer financing — began offering its new HYBRID 50 program to
dealer partners with buy-here, pay-here experience.

FinCo explained that dealer partners can get funded up front
to cover their cost of vehicles along with a modest profit. Then, the partners
can make all of the profit margin after fees over time.

Company president Toby Reiley highlighted five steps dealer
partners do not have to complete in order for FinCo to offer financing to deep subprime
buyers, including:

1. Underwrite risk and prepare documents

2. Fund their portfolio

3. Operate their own in-house collections department;

4. Overhead of licensing and federal and state lending regulations
and compliance issues

5. Suffer deep discounts and/or large fees from other
lenders.

"Our dealer partners earn a full deep subprime profit
without the overhead, capital or legal resources required to run an in-house
finance department, and dealers don't have to suffer deep discounts or cash
recourse," Reiley said.

"We fund loans for customers with derogatory credit, no
credit, cash incomes or no Social Security number," he continued. "FinCo
provides the capital and handles the servicing, collections and repossessions,
thereby keeping the dealer partner fully compliant with lending
regulations. 

"We fund and manage your finance business and let you focus
on selling cars to people who deserve them," Reiley went on to say.

FinCo pointed out that dealer partners actively participate
in appropriately pricing the vehicle for BHPH type customers and verify that
the consumer can afford the vehicle payments.

"FinCo's consumer budget interview and verifications do take
some time, but they also cut out many repos," FinCo director of marketing John
Marlin said. "We help the dealer pick the right buyers, not just to take anyone
with a down payment. Being thorough on the front end definitely cuts losses."

Marlin pointed out dealers who are currently funding 50 to
200 contracts a year could see the largest impact on their bottom lines by
using FinCo.

"These dealers immediately appreciate the value that FinCo
offers," Marlin said. "In 24 hours, FinCo funds 50 percent of the amount
financed up to the wholesale value of the vehicle, plus the cost of the
warranty, VSI, GAP, and GPS, all of which FinCo sources for the dealer at cost.

"Once the advance and expenses are paid off, the balance of
the cash all flows to the dealer as collected," Marlin continued.

According to Reiley, first-time dealer partners can free up
$450,000 of cash flow on their first 100 vehicles by using FinCo versus their
own capital sources, assuming a vehicle with actual cash value of $5,000.

"FinCo's programs lower the lender fees and enable dealers
to build a reserve that protects their portfolio from future cash recourse
demands, thereby smoothing out the dealer pPartner's cash flow," Reiley said.

FinCo is currently licensed or approved in 29 states, but
will focus the roll-out of the HYBRID 50 in Southern states, including Texas,
Florida, Georgia and the Carolinas.

Experienced BHPH dealers interested in partnering with FinCo
can visit www.fincomanagement.com or call Marlin at (781) 639-6000 for more
information.

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