Floorplan Program

MISSION STATEMENT
ABS Finance will provide superior service to our dealers that is unparalleled in the auto industry. We will conduct ourselves in a courteous, personable and professional manner at every opportunity. Our intention is to build goodwill with our dealers by developing long term relationships through competence, flexibility and innovation. The bottom line; we will do everything we can to help our dealers succeed in business.

ONLINE SERVICE
You can monitor your account online 24 hours a day 7 days a week --- check your account balance --- check your renewal dates and expiration dates.

THREE DIFFERENT FLOORING PROGRAMS
1) 90 DAY PAYMENT PLAN ;
Pick up cars today and pay for them 90 days later.
If you are approved for checks, you automatically qualify for our 90-day program.
You can buy a car at our auction and sell it before 90 days and never even have to use your own money.
No application necessary.

FINANCE FEES

2) 7 DAY BOOKSHEET PLAN
Vehicle will be delivered to dealer's lot within 48 hours after close of sale.
No hold-check necessary
This plan is custom designed for wholesalers .
Front Line Units can be very expensive and that can eat into your cash supply---Use our money and buy with confidence and ease.

FINANCE FEES

3) OUTSIDE FLOORING PLAN
Low on cash---You can borrow on your inventory
Don't take your car to the auction and sell it for a loss just to generate cash
Are slow funding finance companies putting you in a bind ?
We will pay you in 24 hours***

PROGRAM GUIDELINES;
You may floor vehicles that you already hold title on provided that:

1) Vehicle was not purchased from an ABS new car store

a) Acceptable deal: purchased from wholesaler, private party, trade in, live auction or non ABS new car dealer.

1) 4 cyclinder vehicles - 80%
2) 6 cylinder vehicles - 65%
3) 8 cyclinder vehicles - 50%

a) Furnish current book sheet with title.
b) ABS Finance will pay funds to used car dealer only (no third parties )
c)Do not "power book" vehicles or your flooring line will be terminated.

a) ABS Finance issues funds to used car dealer 24 hours after dealer provides flooring fee, title, and booksheet
b) Dealer can overnight title to ABS Finance or bring title in personally

4) We reserve the right to refuse to floor vehicles outside our ABS sale
system

5) Vehicle must be in sellable condition-not in need of repairs

BUY NOW-------PAY LATER

Expand your inventory now—Buy the car you want when you need it---Don't let slow funding hold you back

TESTIMONIALS

" I can buy all the cars I want when the right merchandise is available; I don't have to worry about winning too many cars."

" Sometimes I have $30,000--$50,000 in contracts waiting to fund and I need money to keep buying cars."

" Your Outside Flooring Program enables me to raise money in 24 hours—I love that."

" I started carrying some of my own contracts and I needed some extra money, so I used your Outside Flooring to help my cash flow."

Your flooring is awesome now that you offer 90 days with no curtailments, that extra 30 days really helps."

POLICIES AND PROCEDURES

1) FLOORING NOTIFICATION; When a dealer chooses to floor a vehicle, the dealer must notify Flooring Department prior to their arrival at the sale lot office. Phone calls by the lot attendants on behalf of the dealer will not be accepted. Once the dealer has made the call to floor a vehicle, the flooring process is started and said vehicle cannot be unfloored.

2) INSURANCE; Dealers must furnish a Loss Payee document in a timely manner. If not, dealers' flooring line will be suspended until insurance information is provided. ABS would greatly appreciate your cooperation in this matter.

3) EXTENSION / RENEWAL FEES; When an extension is requested, the dealer has 7 days to tender payment to ABS FINANCE. If the extension fee is not received within 7 days, a $10 per day penalty fee will be billed to the dealer account. Please be prompt letting us know if you want an extension, we cannot assume you want an extension and then bill you. Late renewal fees will cause your flooring line to be "frozen" from any further use, and all titles will be held by our office until payment is received.

4) FLOORING LIMIT; ABS Finance reserves the right to reduce flooring line limits. Little or no use by the dealer will result in a lowering of credit limit.

5) NSF CHECKS; If we receive a NSF check , dealer has 24 hours to replace it with a cashiers check. After 24 hours dealer is subject to vehicle repossession and or freezing of credit line. WE WILL HOLD ALL TITLES WHEN A NSF CHECK IS PRESENTED. A second NSF check will result in cancellation of flooring line. ABS Auto Auction may terminate your buying privileges as well.

6) REPOSSESSIONS; Involuntary repo will result in fees being charged to dealer, and an immediate filing on dealer's bond. Voluntary repo will result in a smaller fee charged to dealer. Dealer has 15 days from date of repossession to redeem vehicles.

EASY APPROVAL PROCESS
If you are approved to buy cars with checks through the auction, then you are automatically approved for a credit line.
No application necessary---Approval in 48 hours or less.

HOW TO SIGN UP

1) Fax last 3 months bank statements to 909-420-0045
2) Any questions call Mark Frank at 800-378-0227 ext 315