Vehicle Acceptance Corporation, sometimes referred to as VECO or VAC, was established in the late eighties to service the ever growing needs of independent used car dealers who were looking for ways to expand their purchasing power and business potential. This objective has proven to be a powerful tool for the dealer to turn from a cash strapped entrepreneur into a market leader.
We are here to grow your business; if you didn't grow, we would be out of business.
This finance company was founded with an objective to provide second-An American Companyhand financing to any dealer with good business ethics and with a desire to grow. This ideal has allowed us to open branch offices in Dallas, Texas; Atlanta, Georgia; Phoenix, Arizona; and Cleveland, Ohio - providing the opportunity for us to conduct business in all of the states in the United States of America.
The financing focus of Vehicle Acceptance Corporation revolves around used car financing, in the form of Bulk Purchases or Portfolio Purchases from independent used car dealers. The business includes customers that have done business with 'Tote- the- Note', 'Buy- Here- Pay- Here' and the independent used car dealers that service the Sub- Prime auto market.
In addition to the core purchasing business, we have developed programs that might be more appealing or advantageous to certain dealers. These programs include Note Servicing where the dealers retains ownership of their notes and allow us to collect payments; Cash Advance where the dealer is advanced a certain number of payments for a fee while retaining ownership, and a product for Arizona residents called Title Loans where the customer is advanced virtually any amount based upon the value of their vehicle.
With the advent of a new, more aware era in the business community, we at Vehicle Acceptance Corporation have stepped whole heartedly into the development of the most efficient methods to provide our clients with a superior product. Strategic investments in software development and asset allocation have proven to give us the distinct advantage of providing a superior product and impeccable service to our customers.
Providing the customer and dealer with the most satisfying experience in the receivable financing industry is our goal and we are up to the task. Our experience in the business of helping dealers has taught us a great deal. The fundamental lesson learned is that we benefit the most from the dealer who benefits most.
Having purchased or serviced well in excess of FOUR HUNDRED MILLION DOLLARS over the past 22 years, we have the experience and volume to establish confidence and peace of mind. Join those who have benefited the most from our success and consistency; the independent dealer.