NASHVILLE, Tenn. — Lead provider SMA Alliance Inc., through its wholly owned subsidiary, USAutoplex, is developing a platform to provide subprime auto financing to the branch’s vehicle buyers. The platform, called Autoplex Credit, will soon be launched through USAutoplex's exclusive agreement with Credit Union Dealer Network.
This new platform will provide dealers with subprime financing at low interest rates and a service contract offering six months to one year of coverage. The network will also feature an inventory merchandising site.
"With subprime lending increasing in 2012, offering a financially advantageous option for our dealer clients and their buyers fits into the SMAA business model of service excellence,” said Timothy Stephens, CEO of SMA Alliance. “Offering this platform to dealers will assist in securing each dealer's share of the 89 percent of vehicle sales that are financed yearly.”