Additional Services—Auto Repair
Financing:
Contract
Funding Inc. also provides secondary finance services for
major auto repairs. The majority of repair financing is for
transmission rebuilds. This service is provided for consumers that
do not qualify for traditional bank financing. Procedures are
similar to used car financing. First lien position must be
available to Contract Funding Inc. All required
documents, including contract forms are provided to the repair
dealer by Contract Funding Inc. Dealer quotes are
provided on receipt of:
(1) Cash required by
dealer
(2) Credit application
(3) Vehicle description, including VIN and odometer
reading
(4) Proof of lien-free title
Maximum contract term
is 1 year and funding will not exceed the adjusted wholesale
value of the vehicle.