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Floorplan Program

MISSION STATEMENT
ABS Finance will provide superior service to our dealers that is unparalleled in the auto industry. We will conduct ourselves in a courteous, personable and professional manner at every opportunity. Our intention is to build goodwill with our dealers by developing long term relationships through competence, flexibility and innovation. The bottom line; we will do everything we can to help our dealers succeed in business.

ONLINE SERVICE
You can monitor your account online 24 hours a day 7 days a week --- check your account balance --- check your renewal dates and expiration dates.

120 DAY PAYMENT PLAN ;
Pick up cars today and pay for them 120 days later.
If you are approved for checks, you automatically qualify for our 120-day program.
You can buy a car at our auction and sell it before 120 days and never even have to use your own money.
No application necessary if you are already registered with ABS Auto Auctions.

FINANCE FEES

DRAW AMOUNT 1-30
DAYS
31-60 DAYS 61-90 DAYS 91-120 DAYS
$1,000 or less $120 $120 $120 $120
$1001-$2000 $130 $130 $130 $130
$2001-$3000 $140 $140 $140 $140
$3001-$4000 $150 $150 $150 $150
$4001-$5000 $160 $160 $160 $160
$5001-$6000 $170 $170 $170 $170
$6001-$7000 $180 $180 $180 $180
$7001- $8000 $190 $190 $190 $190
$8001-$9000 $200 $200 $200 $200
$9001-$10000 $210 $210 $210 $210
$10001-$11000 $220 $220 $220 $220
$11001-$12000 $230 $230 $230 $230
$12001-$13000 $240 $240 $240 $240
$13001-$14000 $250 $250 $250 $250
$14001-$15000 $260 $260 $260 $260
$15001-$16000 $270 $270 $270 $270
$16001-$17000 $280 $280 $280 $280
$17001-$18000 $290 $290 $290 $290
$18001-$19000 $300 $300 $300 $300
$19001-$20000 $310 $310 $310 $310

TESTIMONIALS

" I can buy all the cars I want when the right merchandise is available; I don't have to worry about winning too many cars."

" Sometimes I have $30,000--$50,000 in contracts waiting to fund and I need money to keep buying cars."

" Not having to pay curtailments is great. "

POLICIES AND PROCEDURES

1) FLOORING NOTIFICATION; When a dealer chooses to floor a vehicle, the dealer must notify Flooring Department prior to their arrival at the sale lot office. Phone calls by the lot attendants on behalf of the dealer will not be accepted. Once the dealer has made the call to floor a vehicle, the flooring process is started and said vehicle cannot be unfloored.

2) INSURANCE; Dealers must furnish a Loss Payee document in a timely manner. If not, dealers' flooring line will be suspended until insurance information is provided. ABS would greatly appreciate your cooperation in this matter.

3) EXTENSION / RENEWAL FEES; When an extension is requested, the dealer has 7 days to tender payment to ABS FINANCE. Please be prompt letting us know if you want an extension, we cannot assume you want an extension and then bill you. Late renewal fees will cause your flooring line to be "frozen" from any further use, and all titles will be held by our office until payment is received.

4) FLOORING LIMIT; ABS Finance reserves the right to reduce flooring line limits. Little or no use by the dealer will result in a lowering of credit limit.

5) NSF CHECKS; If we receive a NSF check , dealer has 24 hours to replace it with a cashiers check. After 24 hours dealer is subject to vehicle repossession and or freezing of credit line. WE WILL HOLD ALL TITLES WHEN A NSF CHECK IS PRESENTED. A second NSF check will result in cancellation of flooring line. ABS Auto Auction may terminate your buying privileges as well.

6) REPOSSESSIONS; Involuntary repo will result in fees being charged to dealer, and an immediate filing on dealer's bond. Voluntary repo will result in a smaller fee charged to dealer. Dealer has 15 days from date of repossession to redeem vehicles.

EASY APPROVAL PROCESS
No application necessary if you are already registered with ABS Auto Auctions---Approval in 48 hours or less.

HOW TO SIGN UP

1) Fax last 3 months bank statements to 909-420-0045
2) Any questions call Sean Harmon at 800-378-0227 ext 315

 
ABS AUTO AUCTIONS
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Phone: 800.378.0227  Fax: 888.510.2400  email: info@absautoauctions.com

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