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Pelican Resource Group Helps Dealers Manage Used Inventory

April 29, 2009

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.

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