We have several direct contacts with investors who purchase sub-prime auto loan portfolios or auto lease portfolios. Please find, below, the general characteristics which such portfolios should have in order to be eligible for purchase by our investors.

Click below for information about the buying of:

prime auto loan portfolios

Basic criteria for sub-prime auto loan portfolios:
  • Auto loan portfolio size: at least $5 million or greater. Virtually no maximum amount.
  • Credit scores: at least 525 FICO
  • No current bankruptcies
  • Our auto loan portfolios can not contain automobiles that have been repossessed.
  • Autos should be within an age-range of 5 years from current date.
  • Seasoning of contracts should be at least 6 months.
  • Payment histories should be anywhere from good and current to as much as 90 days delinquent. Pricing is definitely affected downward with ongoing delinquencies.
  • Autos should have been verifiably owned by one previous owner.
  • The buyer holds a reserves holdback of up to 20% for anywhere from 90 days to 120 days after each loan is purchased. This, minus any collection or repossession/resale costs, is sent back to the loan seller.
  • Interest-rates attached to the contracts should be at or near 18% for best-case scenario pricing.
  • All down payments that have been recorded in the spreadsheet should be verifiable.
  • The seller must provide normal representations and warranties relating to the borrowers and the automobiles that secure the contracts


SUB-PRIME CREDIT AUTO LOAN PORTFOLIOS PLEASE SUBMIT IN EXCEL FORMAT WITH THE FOLLOWING HEADERS
  • Account #
  • Borrower/Leases
  • City
  • State
  • Zip code
  • Contract Date
  • Orig. Term
  • Orig. Lease/Loan Amount
  • Lease/Loan Balance
  • Deposits
  • Payment Freq.
  • Payment
  • Monthly Payment
  • Maturity Date
  • Vehicle Cost
  • Rate
  • Year
  • Make
  • Model
  • VIN #
  • Mileage
  • Date Last Paid
  • Credit Score
  • Payments Made
  • Days Past Due
  • Paid through Date
  • Last Payment $
  • Remaining Term
  • Book Value
  • Late Charges Due
  • Late x 30 days
  • Late x 60 days
  • Late x 90


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BARCLAY ASSOCIATES - Cherry Hill NJ
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