Has anyone used Ace Motor Acceptance?

What is your opinion of the financingand what do you like dislike about doing business with them.

 

Thanks,

Todd

 

Views: 683

Comment

You need to be a member of Auto Dealer People to add comments!

Join Auto Dealer People

Comment by Stephanie L. Troxell on February 1, 2011 at 12:28pm

Ace Motor Acceptance Corp has been in business since 1998. We are located in Matthews, NC which is a suburb of Charlotte, NC. We are a sub-prime lender and buy loans in NC, SC, MD, VA and DE. We have 2 payment recourse on the first 10 deals for retail dealers. We offer programs that allow customers with up to 2 repossessions, open auto loans, past bankruptcies, charge offs etc the opportunity to purchase an auto.

We also have a Buy Here Pay Here Program for our dealers which offers them the capital they need to grow their BHPH business. While at the same time allowing them the ability to maintain a personal relationship with their customers by servicing their own loans.

 

 

Comment by Ben Misra (secondarypro) on February 1, 2011 at 9:32am

Ace Motor Acceptance is only in (NC, SC, VA, DE dealers only). Based on their website and is a recourse lender.

They do not specify what is the term of recourse.

 

Question to always ask lenders is how many contracts do they cash (fund) a month.

A small company will do less than 300.

A large company such as Credit Acceptance or Westlake Financial are funding over 5,000 a month.

Comment by Robert Thompson on January 31, 2011 at 6:07pm
Cant say that I am familar with them but I do recommend Credit Acceptance if you are looking for the ability to finance each and every customer that walks on to your lot. Have you talked to the local Market Area Manager in your area?

© 2014   Created by Greg Goebel.

Badges  |  Report an Issue  |  Terms of Service