WhiteBox gets social (media)

Well not sure if we really get it, but we are on both  Twitter or on Facebook.  See you there?

The Whitebox Gross Program

Are you tired of watching your front and back-end gross walk out the door on every deal? Would you like to make an extra $500-$2000 on every contract?

• Tired of “Line 5″ calls from your captive and outside financial institutions?
• Challenged by Credit Union and outside financing customers?
• Tired of NOT being able to front-load ANYTHING because of the carry?

Whitebox provides a one-of-a kind, in-house financing and collections solution for aftermarket funding. “State of the Art” on the spot online contracting right in your office, complete with electronic signature pad. Our automatic contracting, collection and administrative program is designed to make you more profit!!

If you can sell it, we will carry it and collect for up to 24 months. We have a 99% acceptance rate and the best collections rates in the industry.

Our Customer collections are paid directly to the account of your choice by ACH. . We pay daily, weekly, or monthly. These payments can be split into multiple accounts, included percentage and flat fee amounts to agents, F&I managers, etc. Our motto is: “If you can sell it, we will carry and collect it”. Our program will allow the dealer to once again pre-install vehicle “adds” sold with an addendum sticker.

Examples Include:

Dealers are using Whitebox to sell “Mop and Glow” environmental products, Tire and Road Hazard, Window Etching, and added gross. Whatever your dealership wants to sell, we will carry it.

We can customize an in house VSC program for the dealer with an advance to you that will minimize any out of pocket “cash” expense, including commissions to your F&I staff. Once again, payments can be split between multiple payees or accounts, distributing funds differently each month as the dealer would like.

Dealer installed “Hard Adds”. Once again, we can custom fit a program for the dealer to sell and install low cost, high markup adds, without going “cash” backwards in hard cost installation.

We offer 3 month to 24 month financing with NO interest or fee to the customer. The dealer simply pays a small “One Time” fee for each contract that we manage.

Our Collections System

It does little good for the dealer to finance a product for a customer if it quickly cancels dues to non-payment. Whitebox combines applied technology with extensive experience in subprime and unsecured collections to provide superior collections performance for the dealer.

Front-end technology of the contracting and financing system is an important part of the success of a total collections system. Our electronic contracting insures accurate customer and banking data for the customer. We validate key customer and automobile information as data is entered. Important banking information including account validation, positive balance verification, and ACH acceptance, are all verified through our national checking account databases while the data is being captured and before a contract is signed. This results in identifying potential problem accounts before they sign a finance contract.

The Whiteform system also allows for maximizing collections on the backend. Our collections specialists have the flexibility to break charges into multiple payments, reschedule billing dates on a one-time or reoccurring basis. Whiteform tracks and can produce automated follow-up reminders and emails to customers regarding rescheduled payments.

Our 15 plus years of management experience in high volume, sub-prime collections insure that we maximize collections success and profits for the dealer.

Our Financing Solution

Whitebox has developed a unique approach to aftermarket financing. We customize our financing and payment solutions by working closely with the TPA, product provider, and dealership to develop a funding program that maximizes dealer profit. This allows us to provide unique financing and funding solutions for a wide variety of aftermarket products.

True Premium-based financing of VSCs – Our Whiteform software allows for customized, intricate management of collections and payment management. Whitebox has created the first true premium- based financing for VSC and other cancelable products. Fully secure and timely insurance premium payment, higher collection rates, and MUCH lower fees to the dealer insure a more profitable solution for dealerships.

Other programs and products that can be financed and collected include:

• Exterior and interior paint and fabric protection
• Wheel and tire programs (both cancelable and non-cancelable programs)
• Dent protection
• Dealer Captive Programs – Our dealer captive financing allows a dealer to reclaim significant gross dollars that he has left as uncollectable over the last 12 months.

Whitebox works with dealerships and TPA to provide innovative, highly collectable, low-cost financing solutions which result in the only thing that counts: more net profit to the dealership

Our Dealer Capital Finance Program

Would your dealership like to make an additional $500 – $2,000 gross per deal?

The last year has been especially difficult for Auto Dealers. Tight credit and frequent line 5 calls have caused a significant decrease in gross revenue on contracts.

Whitebox has developed an innovative financing and collections program targeted to assist dealers in recapturing additional gross revenue per deal. Our Dealer Captive Finance Aftermarket Program allows dealers to finance, carry and collect almost any aftermarket program or product for their customers. Whitebox will allow dealers to carry up to $2,000 additional dollars at a term of up to 24 months using this program.

Program Highlights:

• Allow customer to finance up to $2,000 additional gross. Terms range from 3 to 24 months.
• Flexible payout to dealers allows for daily, weekly, or monthly funding on individual or aggregated payments.
• Electronic contracting of the customer � The Whiteform system allows for generic or customized electronic contracting using our web-based Whiteform Processing System and electronic signature pad. Our system increases ease of use in F&I, reduced errors, and allows for more dealer profit.
• Superior collections � The core of the Whiteform system is its management of automated collections, tracking and processing. Any late payments or NSFs automatically get directed to our experienced collections staff for immediate, proactive collection.
• Flexible Payout solutions � Monthly payouts on collected fees can be divided and forwarded to any number of users or accounts allowing for immediate and easy payments to agents and F&I managers. Whiteform can customize a payout schedule that works for your business case.
• Simple to implement and use – Whiteform allows the F&I department to complete a transaction within 4 minutes. Whitebox manages the processing and remittance automatically, making dealer administration simple.
• Whiteform manages collection and payouts automatically based upon customized rules established by the dealer.

If a dealer can sell it, then Whitebox will contract, finance, and collect for you. A few uses include:

• Pure Gross
• Environmental and paint Protection plans
• Undercarriage coating
• Wheel and tire
• Etch

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