Cash In
 

Cash-In insures your liability under your partial recourse agreement with a lender needed to secure financing, thereby permitting lenders to increase your customer's borrowing power by up to $3,000.

How does Cash-In work? Let's say your customer wants a car, a service contract and other add-ons totaling $14,000. Now suppose the bank will only authorize a loan of $11,000. What are your choices? You can eliminate the service contract or another add-on. You can put your customer in a less expensive model. Maybe you let the customer walk.

With Cash-In, there's another option: a $3,000 partial recourse agreement. The bank funds $14,000 and you insure the recourse agreement with Great American. The bank benefits: they have a new customer. Your customer benefits: they bought the car they wanted. Best of all, your dealership benefits. You just acquired a new customer without cutting your margins!

This product is underwritten out of our Home Office in Cincinnati. As a service, FIS will assist our agents in: making contact with the Underwriter, obtaining an Application, and presenting submission material for review by the Underwriter.


This page was last updated on July 14, 2003
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