Qualify more customers. Make more sales.
At PFS, we don’t want to replace the lender you’re currently working with. Our purpose is to evaluate customers on a case-by-case basis, and provide affordable loans for those good customers who may have been unfairly turned down by other lenders. With our common-sense approach to funding contracts, we can help you close 5-10 more deals per month, by providing loans that are affordable for your customers and profitable for you.
PFS offers three programs designed to increase your monthly sales.
We have no limitations on mileage or model year. We have a $3,000 minimum loan size, no maximum loan size, and each loan is structured to meet the customer’s budget and needs.
Which program works best for your business?
STANDARD
Buying Guidelines
- All FICO® Scores considered
- 1 year at residence and job
- $1,500 gross monthly income (DTI 50% net to debt, PTI 25% net)
- Positive recent installment credit history
- No recent repossession
- Minimum 10% or $1,000 down (whichever is greater)
Loan Structure
RATES:
– 15.9% to State Max
TERMS:
– Less than 25K miles – up to 72 mos.
– Less than 50K miles – up to 60 mos.
– Over 50K miles – Negotiable
ADVANCE:
– Up to $2,000 over Clean NADA Trade-in or Clean Black Book
– New car advances up to 90% of net invoice
– Plus Value Added Products
DISCOUNT:
– $500 to $1,000, or as mutually agreed
FIRST-TIME BUYER
Buying Guidelines
- All FICO® Scores considered
- 1 year at residence and job
- $2,000 gross monthly income
- $2,000 down payment (cash or trade equity)
- Prefer customer to have owned (not financed) a vehicle with copy of title in his/her name and verifiable insurance
Loan Structure
RATES:
– 17.9% to State Max
TERMS:
– Max term 48 months
ADVANCE:
– Up to $1,000 over Clean NADA Trade-in or Clean Black Book
– Plus Value Added Products
DISCOUNT:
– $500 to $1,000, or as mutually agreed
PFS PLUS for Platinum Dealers**
Buying Guidelines
- Min 580 FICO® Score
- 1 year at residence and job
- $1,500 gross monthly income (DTI 50% net to debt, PTI 25% net)
- Minimum $1,000 down payment
- Make and model restrictions apply
- Final approvals subject to credit profile and PFS credit policy
Loan Structure
RATES:
– 13.9 to 19.9%
TERMS:
– Less than 50K miles – up to 72 mos.
– Less than 60K miles – up to 60 mos.
– Less than 90K miles – up to 48 mos.
– Over 90K miles – Negotiable
ADVANCE:
– Up to 130% LTV Clean NADA Trade-in or Clean Black Book
– New car advances up to 100% of net invoice
– Includes Value Added Products
DEALER COMPENSATION:
Flats between $150-$600 paid on funded deals over $10,000 contingent on deal size, credit profile & PFS credit policy (NO CHARGEBACKS)
DISCOUNT:
– $195
**Franchise and high volume independent dealers may qualify for Platinum status. Ask your local PFS rep for more information.
Who We Are…
Convenient, with 50+ locations in 11 states:
No lender with our business model is in as many places. We maintain relationships with over 2,500 automobile dealers in Alabama, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, South Carolina, Tennessee, Texas, and Virginia.
Experienced, with 25 yearsin the business:
You don’t reach a quarter century unless you’re doing things right. We look forward to serving you for another 25 years and beyond.
Better Business Bureau Accredited:
We’re proud of our A+ rating, which recognizes a business for trustworthiness and quick, comprehensive responses to customer issues.
Partnered with GWC Warranty:
We are proud to partner with GWC Warranty to offer GWC vehicle service contracts to our dealer partners as a way to increase customer satisfaction and expand product offerings.
Active in Industry Associations:
We are proud members of the following organizations: National Automotive Finance Association, American Financial Services Association, and National Independent Automobile Dealers Association.
- We offer a competitive advance relative to “clean” black book or NADA trade-in value
- We are willing to finance self-employed customers with three months of bank statements that meet our credit standards
- We offer a First-Time Buyer Program
- We do not have any mileage, year, or model restrictions
- We are connected with Dealertrack® and RouteOne®
- We offer value-added product opportunities in addition to the advance
Ready to get started?
No fee