Sub-Prime Financing
P. A Lending (Lending area: OH, IN, KY, and TN)
Dealers must be in business for 2 years minimum with 25+ inventory
FICO | Nonprime to Subprime – Non-Recourse |
Interest Rates | 9.99% – 24.99% (Avg. is 11%-15%) |
Discount as low as | $99 (Avg. is $299-$499) |
Reserve | Up to 2%, 70/30 split |
Max Term | 75 months |
Max LTV | 155% All in based on Clean Trade |
Max Loan | $35,000 |
Min Loan | $5,000 |
Minimum Monthly Income | $2,000 from one source, additional $1,000 for joint |
Max Backend4 | – Minimum 36/36 full service agreement5 (max $2,500 or 4×4 -$3,000)
– GAP, minimum 150% LTV coverage (state cap or max $850)
– Cancellable products (max $2,000) |
Tiers, buy rate and fee will be based on credit quality. Decisions are not based on scoring.
(Average scores range from 530-620)
Each applicant is evaluated by their stability, ability and willingness to repay the loan.
Term | Max Mileage | Term Ext – $325 |
75 | 25,000 | N/A |
72 | 50,000 | 75 |
60 | 75,000 | 66 |
48 | 100,000 | 54 |
36 | 125,000 | 42 |
All reserve is subject to chargeback in the event charge off /payoff occurs before three full payments are made.
LTV is based on NADA clean trade in value
New vehicles (untitled, max 5k miles): 105% LTV and used vehicles not in book (max 15k miles): 90% LTV (NOT discounted for rebate money!)
First time buyer must have minimum $2,500 per month
May not exceed max LTV or approved backend
Vehicles over 90k, min 24/24 powertrain (max $1,500 or 4×4 $2,000) – No commercial vehicles, trucks one ton or more, discontinued models, Mini Coopers, conversion vans, salvaged/ flood titles or vehicles over 10 years old
We also consider:
First Time Buyers
Customers with One Prior Repossession (no current year)
Open Ch7 Bankruptcy (After mtg.)
Open Ch13 Bankruptcy (Must be in plan 12mo.)
Self-Employed (Bank Statements / Tax Returns)
To enroll contact Alpha Omega Group, LLC at: (855) 264-4968 (AOG-4YOU)
