April 29, 2009
Pelican Resource Group Helps Dealers Manage Used Inventory
CHERRY HILL, New Jersey – Pelican Resource Group LLC, a provider of subprime lending services, launched Profit Over Time, a program that helps franchised
and independent dealerships meet the needs of consumers interested in used
vehicles.
Declining new
car sales, tightening credit standards, and lower consumer confidence have
industry experts predicting that more and more consumers will turn towards used
vehicles. The Profit Over Time program helps dealers meet the needs and
monetize a growing subprime customer base by helping to sell more used
inventory, make greater returns on wholesale-bound inventory, capture up-front
cash, and secure profit streams of duration.
“We eliminate
the need to think about the process of servicing and collections,” says Troy
Cavallaro, founder and president of Pelican Resource Group. “
Profit Over Time empowers dealers, at their own pace, to provide a car and a loan for every
customer – so they can focus on what they do best – sell cars and focus on
delivering a fantastic customer experience.”
Dealers can
sign up free for the Profit Over Time program. There is no waiting for loan pools to
fill before cashing in. For each deal, dealers keep customer down-payments
and all principal payments collected. Loan documents are submitted to
Pelican Resources Group with a fee to cover the mobile installation of a
collateral protection device.
Pelican
Resource Group manages all aspects of customer servicing, collections, and
full-scale collateral management, recovery and disposition. Servicing costs for
the program are covered by retained interest.
For more
information or to sign up for the program, visit www.pelicanresourcegroup.com or call 866-989-9688.