Get AMPed up with the Dealers Capital AMP program.

This program has been designed for used car dealers with a buy here pay here (BHPH) portfolio.  Dealers Capital advances up to 90% of your notes on day one making you immediately whole again.  By immediately freeing up capital you have tied up in your inventory you can then buy more vehicles for your used car lot.  This type of car note financing can help fuel growth for a growing used car dealership.

Dealers Capital has been providing car note financing services to used car dealers for over ten years.  The AMP program provides dealers with the funds needed to quickly grow to meet the changing demands of the marketplace.

AMP Program Details

  • Partial note funding up to 90% of the payments purchased
  • Credit lines of $100,000 to $500,000
  • No seasoning required
  • Dealer manages the customer relationship
  • Program is transparent to the retail customer
  • Improves cash flow and helps grow business
How the AMP Program works

A dealer has a customer who pays $300/month for 24 months.  Dealers Capital will purchase up to 50% of the remaining payments.

Example #1: 6-month purchase

$300 payment amount
  X 6 payments purchased
$1,800

$1,800
  X .80 Dealers Capital purchase rate
$1,440 funds available to the dealer

Example #2: 12-month purchase

$300 payment amount
 X 12  payments purchased 
$3,600

$3,600
 X .72 Dealers Capital purchase rate
$2,592 funds available to the dealer

 

With the AMP Program, you continue to collect from your customers, enabling you to maintain control of your accounts. Payments are forwarded to Dealers Capital for the length of the purchase, typically 6 to 12 months. At the end of the pay period the dealer receives the contract.

 

AMP Program Guidelines

  • Payment history is required for each month
  • Substitutions will be permitted
  • Repossessions must be paid within 10 days
  • Dealer must be in compliance with all state and federal laws
Dealer Requirements for AMP 

  • Dealer must have an accurate, computerized billing system
  • Dealer must be owner of current business for a minimum of two years
  • Acceptable industry references must be provided
  • Up to two years of company financial information must be provided
  • Advances on vehicles acquired outside of auctions will be based on either the actual purchase price or the average Black Book value with all adds and deducts including mileage.

For more information please visit Dealers Capital. 

   
   
Floorplan Financing
AMP-BHPH Note Program
 
  AMP Payment Advance
  Calculator
Dealer Requirements
Online Application
Account Access
 
 
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