The DEAL program was developed for dealers who have a need for immediate cash flow. DEAL is a fixed term loan to the dealer which is secured by contracts pledged by the dealer. The dealer handles the account servicing and makes payments to CAR.
This program is offered to highly qualified dealers with a proven long term history in the BH/PH businesses. They must demonstrate financial security by providing detailed financial statements and static pool information on their portfolio.
Dealers can receive funding by pledging streams of payments from their in-house receivable base while maintaining their own underwriting criteria and retaining control of the collections.