Autobank is today one of the largest and most established independently and privately owned auto finance companies in South Florida. Autobank is a full-service automobile finance company that lends money to finance the purchase of pre-owned cars and light trucks to individuals with limited or poor credit histories.
Autobank purchases and services used car retail installment sales contracts generated through a network of automobile dealerships located in Florida, Texas and North Carolina. The typical contract purchased by Autobank has a term of thirty-six months, an average rate of 25% (APR) with its underlying collateral being a four to six-year-old vehicle.
The entire process and operation of the business, including loan processing and approval, purchasing, funding and loan servicing is conducted from a centralized location in Plantation, Florida.
Amongst some of Autobank’s main competitive advantages are its highly personalized dealer services and underwriting capabilities. Autobank’s dealer relationships are further strengthened by the promptness with which it processes and funds contracts, as well as the depth and flexibility of its lending programs.
Autobank’s boutique approach provides the highest degree of personalized service to its dealership base by marketing, underwriting, purchasing and servicing contracts and by providing a single source of contact to meet the dealer’s sub-prime financing needs. |
