The company does not originate loans. We only purchase vehicles from previously-underwritten (by a title loan company) customers that have a minimum traceable and verifiable payment history of at least three (3) months, but preferably 4-6 months. Unlike other assets, such as for example Real Estate or Corporate Bonds, our investment procedure does not rely on the performance of one large asset or company. Instead, it provides a portfolio of assets and multiple revenue streams, so that we can better tolerate moderate to possible severe economic, industry or regional failures, without jeopardizing an investment.
We will typically purchase vehicles at a price point where the current Blue Book Value of the vehicle exceeds our purchase price by at least 30% (70% LTV). In case of default, we can more easily perform a quick sale and still recover principal value plus earnings. All of our customers are required to maintain a current driver’s license, registration and full coverage insurance whether individually or by impound through us. This is enforced in underwriting, and by state tracking. We are either named as the party of financial responsibility on the vehicle with each insurer, or are directly insured. In most circumstances, we create opportunities for our drivers to participate in loyalty incentives, to increase and accelerate payoff.
This information is promulgated under the Jobs Act Rule 506 (c). This is not an offer to sell securities. Any person, entity, or organization must first be qualified by the company and read all of the offering documents and attest to reading and fully understanding such documents as well as undergo certain examinations to prove accredited investor status. Yield Management Systems, Inc. and its affiliates are not licensed securities dealers or brokers and as such, do not hold themselves to be. This website should be construed as informational and not as an advertisement soliciting for any particular purpose.