RIVERDALE, Ga., Aug. 30, 2012 /PRNewswire-iReach/ -- Despite current economic conditions, the business of subprime finance is booming, as evidenced by the expansion of one of Georgia's largest automobile lenders.? Automobile Acceptance Corporation (AAC) has provided indirect lending to prime and subprime automobile buyers since 1989. ??AAC today announced the addition of five branches (two BHPH dealerships, two franchise dealerships, one service center) to their existing 26 branches.? Prudent lending standards and a strong focus on collections helped AAC grow a single location to 31 locations over the course of 23 years.? Automobile Acceptance Corporation's Chief Executive Officer, Robert Culver, attributes this success to a strong staff, honest business practices, and superior software.
The Automobile Acceptance Corporation family of companies, which includes Auto Smith and Auto Tune, has relied upon Advanced Business Computers of America's (ABCoA) Dealer Management Software (DMS) since 1993. ?ABCoA's software manages all aspects of AAC, from servicing a portfolio of over $135 million in receivables to allowing over 100 users concurrent access to the sales, finance, and service operations.? "It is our pleasure to congratulate Automobile Acceptance on their success, and acknowledge the fact that even during these tough times ? if your mind is in the right place and you stick to the core principal of fairness ? you will succeed," says Shad Hedy, Chairman and President of ABCoA. ?In fact, Hedy observes most of his customers thriving during these difficult economic times ? not simply as a result of increased subprime applicants, but because ABCoA's software helps operators focus on the fundamentals of the special finance business model. ?Industry-leading collections tools reduce delinquencies, and integrated accounting handles the specialized auto finance niche while also gaining the maximum tax benefit allowable by the IRS.? "We thank AAC for the opportunity to serve their needs and earn their trust," concludes Hedy. ?Using the right software helped AAC reach 31 branches; ABCoA promises to continue facilitating AAC's growth for years to come.
About Automobile Acceptance Corporation:
Automobile Acceptance Corporation (AAC) is a Georgia-based sales finance company that provides indirect auto financing for car buyers with all types of credit. ?Founded in 1989, AAC has funded over $1 billion in automobile installment contracts. AAC is proud to work with independent and franchise dealerships, and strives to make the funding process as easy as possible.
About Advanced Business Computers of America, Inc:
Advanced Business Computers of America, Inc. (ABCoA) is a privately held company with over 5,100 customers across North America.? Founded in 1983, ABCoA provides total software solutions to the independent automotive dealership, subprime finance and auto finance industries.? Setting industry benchmarks and providing unparalleled customer service has remained the core focus of ABCoA since its inception.? For more information on ABCoA or its Dealer Management Software products, visit www.abcoa.com or www.dealpack.com.
Any and all company and product names may be trademarks of the respective companies with which they are associated.
Media Contact: Darrell Ake Automobile Acceptance Corporation, 800-954-9322, info@autoacceptance.com
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SOURCE Automobile Acceptance Corporation
Source: http://www.businessrevieweurope.eu/press_releases/subprime-finance-company-flourishes
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