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A new Investment Protection Option for the consumer.  VRP ADDS FEE INCOME: VRP® adds FEE INCOME within existing cost structures (sold directly by bank representatives already interfacing with the car dealers). This income from the sale of VRP® should impact the bottom line directly on the AUTO LENDER’S financial statement.  ERS HAVE MORE OPTIONS: With VRP®, the LENDER has the option of keeping the existing loan in place, through substitution of collateral, or retiring it as is typical when a vehicle is totaled depending on consumer pay history.  CUSTOMER RETENTION: LENDERS are able retain customers with good pay history, better collateral, and lower loan to value potential with VRP®.  IMPROVED LOAN TO VALUE: Customers have a cash benefit that can be applied to a new loan or used to acquire a newer vehicle that is suitable for substitution of collateral. In either case, the loan to value ratio is lower due to VRP®.     |
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