PHOENIX -

GO Financial announced on Monday that its first back-end pool payments began this month. 

Executives highlighted some of the early GO dealer-partners are seeing the benefits from their first pools maturing and now are receiving back-end pool payments based on the strong performance of their loans. 

The company also mentioned many of GO’s other early dealer partners with closed pools chose to take advantage of GO’s Cash Out Now option, whereby these dealers accelerated the payout of their pools years ago rather than waiting for their pools to mature. 

“Several of our dealers took advantage of GO’s Cash Out Now option over the past few years, and we always hear from dealers that they like this option, knowing they have flexibility to access their pool equity early if they need to. We refer to it as dealer peace of mind,” GO Financial president Colin Bachinsky said.

“These options provide additional flexibility for GO’s dealer partners to participate in the profits on performing loan pools,” Bachinsky continued.

Bachinsky went on to note that as GO’s portfolio continues to mature, more dealers will enjoy the benefits of receiving back-end pool payments.

“GO believes this milestone is just another example demonstrating that GO’s program provides the most profitable finance option for its dealers, and GO is proud to celebrate this achievement with its participating dealers,” the company said.