ASC Warranty

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  Our warranty solutions give the lender the opportunity to protect their investment, while controlling the process. Our lenders see less repos due to mechanical failure with a quality warranty product.   

Customer no longer has to choose between paying for a costly repair or make their car payment

Having a custom warranty with dealer making a modest profit means more deals written just for you - creating a better look to book, less competition, therefore lowering acquisition costs and increasing profit!

•  Mechanical failure is the cause of as much as 35% of repos
• Large deficiency balances due to non running vehicles 
• Customer has NO money for repairs.  Dealer has taken the last $$ available for down payment, even “picked” another $500.  
• No control over pricing
• Warranty is great solution, but how do we know if dealer pays for it?

• Allow dealer to sell your custom ASC warranty
• Easy to use
• Dealer makes reasonable profit and helps offset discount fees
• Lowers delinquency
• Reduces non-run / TRA at auction
• Lender withholds cost of warranty and pays direct - thus ensuring payment
• In event of cancellation, money goes back to lender

Subprime lenders usually lose a deal over $200-300

• Lender A does 10% discount
• Lender B does 9% discount
• Lender C does 8% discount and wins the deal - however loses yield
• Instead, keep your discount, but allow dealer to make money from ASC to offset fees
• You keep your % discount and still win the deal!  Even with keeping your discount higher, you will win the deal because they will make more money than the lender who cut to 8% but did not allow a warranty

• Any year, any car, any mileage!
•  Zero deductible
• Nationwide coverage
• Can take vehicle to any licensed  facility 
• Car rental
• Roadside Assistance
• Drivetrain to Factory Type Coverage available
• Power Sports
• 35 years in business!
• Warranties from 3 months to 8 years!

 Customer buys Dodge HEMI.  

Engine blows up after 4 weeks.   

Lender just gave dealer $12,000 for the deal

Reality says customer is not going to shell out $5,000 so soon after purchase

Under recourse:

Give it back to the dealer

 (we know how well that goes over)

Without recourse:  

Car runs non-op at auction with blown engine

Likely sells for under $1,500 

thus incurring a $11,000 loss

ASC paid for repair saving the loan!