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RVAcceptanceRV Acceptance will provide dealers who are frustrated with the limitations of factory lending programs with an unprecedented level of flexibility and access to alternative finance. RV Acceptance offers multiple levels of service to the dealership. We originate loans to customers who are unable to qualify for factory programs or who are looking for more options, allowing dealers to capture sales they may not have closed otherwise. Additionally, we can act as a remote finance office, performing customer interviews and selling the complete range of F&I products on behalf of the dealership. We will dramatically increase F&I revenue and reduce overhead in dealerships that prefer to keep their most experienced staff on the sales floor rather than in the F&I office. Here's How It WorksThe Buyer has decided to purchase a vehicle from a dealer. The buyer completes a credit application at the dealership. The Dealer will then print the application for signature and submit the application electronically to RV Acceptance. RV Acceptance will pre-qualify the applicant based on preliminary information and notify the dealer of the results; the dealer can then complete the sale. Meanwhile, RVAcceptance will submit the application to all possible lenders. Once approvals are confirmed, the best financing option will be chosen. Loan paperwork will be sent to the dealer in PDF format for the applicant's signature. The Bank will then complete the loan and disburse funds. RV Acceptance will use electronic methods whenever possible. This will include an online credit application to be submitted to RV Acceptance through a secure website, and will be printable as a PDF document by the salesperson for the buyer's signature. Bank approval criteria will be put into formulas and processed by a system to automatically run the credit report using the input from the application. All bank paperwork will be digitized to insure timely completion of the loan. The system will also offer real-time viewing of loan stages to the dealership. |