NAPA, Calif. — AUL Corp. announced an expansion of its service-contract relationship with with Ace Motor Acceptance Company (AMAC), a subprime finance source in Charlotte, N.C.
In 2009, AMAC rolled out “Buy Here Pay Here in A Box,” a secondary financing program designed for BHPH dealers. AUL then launched in partnership with AMAC a vehicle-service contract program designed specifically for the AMAC BHPH in A Box program on Jan. 1.
"AUL truly appreciates the business relationship we have had with AMAC, and this new addition allows more dealers to offer vehicle service-contract protection customers want. The buy here, pay here space is a challenging one for service contracts and AMAC's innovative leadership is creating terrific opportunities for BHPH dealers," said Jimmy Atkinson, AUL COO.
The AMAC BHPH in A Box program is available to dealers in Delaware, Maryland, Virginia, North Carolina, South Carolina, Georgia and Tennessee. AMAC is forecasting expansion of this product into several neighboring states throughout 2012.
"We could not be more excited to have AUL Corp. on board with BHPH in A Box in 2012,” said Wayne Garland, director of business development. “AUL Corp.'s partnership of BHPH in A Box compliments other services provided by AMAC, such as capital funding and floorplanning programs offered to buy here, pay here dealerships."
For more information, visit www.acemotoracceptance.com.