NAPA, Calif. — Pelican Auto Finance LLC, a finance source specializing in deep-subprime auto finance, has selected AUL Corp. to be its national vehicle service contract (VSC) provider. The partnership brings together the two companies’ strong field representation and dealer base.
"Pelican is growing and making an impact nationwide, and AUL is a natural complement to our offering that we feel that customers and dealers will see as a value-add and just another reason to choose us," said Troy Cavallaro, CEO of Pelican Auto Finance.
Currently in the national roll-out phase, both AUL and Pelican said they believe the VSC offering they developed together will add business to the portfolios of both companies. To date, dealer response has been strong, with the two companies noting that an “unprecedented number” of dealers have signed up to take advantage of the new program.
"The timing couldn't be more perfect," says Pelican COO and Chief Compliance Officer Joel Kennedy. "We at Pelican are constantly looking for ways to improve our customer experience, and an AUL service contract is a great offering that we firmly believe will have meaningful impact."
Jimmy Atkinson, COO of AUL, added: "We at AUL believe that there is a terrific alignment between our companies. Pelican has a terrific platform and our focus on the claims experience complements their value added approach to the dealer lending space."