Vehicle Acceptance Corporation

Vehicle Acceptance Corporation

Vehicle Acceptance Corporation

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VAC Press Releases

June 15th, 2011

	NIADA\VAC Press Release[http://www.vacorp.com/]
	Vehicle Acceptance joins the NIADA National Member Benefit Program June 15th, 2011 FOR IMMEDIATE RELEASE Vehicle Acceptance Corporation has been selected as an NIADA National Member Benefit Program partner. NIADA members now have preferred access to cash and service solutions that allow BHPH dealers to have a more effective finance department. DALLAS, TX (VAC) June 15th, 2011 – Vehicle Acceptance Corporation has joined NIADA’s National Member Benefit Program, providing members of the 5th largest trade association in the nation preferred access to capital and a professional collection effort. “Our mission is to provide the dealer with cash and easy ways to improve their finance department that are both cost effective and that add value. Partnering with NIADA allows VAC to improve that value for the dealer,” according to Mr. Jonathan Neubauer, the CEO of Vehicle Acceptance Corporation. Scott Lilja, VP of Member Services for NIADA states, “We are thrilled to have Vehicle Acceptance Corporation as an NIADA National Member Benefit Partner! VAC provides our BHPH members with outstanding cash advance and collection services which provide access to real time cash flow that is crucial to their ongoing profitability and customer loyalty. Vehicle Acceptance Corporation is a leader in the BHPH finance industry and a perfect fit for this NIADA Member Services solution.” VAC provides financial services that help auto dealers excel in the BHPH business. VAC has branch locations nationwide and is ready to do business with all used vehicle dealers. For more information on VAC programs and services, please contact Allan Couch at 1-214-828-4725 or visit http://VACorp.com/PR. For more information on the NIADA National Member Benefit Program, please visit http://www.niada.com/benefit_program.php. About NIADA The National Independent Automobile Dealers Association (NIADA), founded in 1946, has represented quality independent automobile dealers for over 60 years. NIADA provides valuable resources to member dealers, allowing them to become more successful within the used motor vehicle industry. NIADA members join a network of over 20,000 professional auto dealers who share a dream of financial prosperity for their businesses. NIADA is also a legislative advocate -- protecting business interests of independent auto dealers. The association is dedicated to providing industry education, information, services and benefits designed to prepare members for an ever-changing marketplace. About Vehicle Acceptance Corporation Vehicle Acceptance Corporation offers Cash and Service Solutions to all Buy-Here-Pay-Here dealers. VAC is a sub-prime automobile finance industry leader that has helped dealers create profitable portfolios since 1989. Headquartered in Dallas, Texas, VAC has offices nationwide offering Note Servicing and Cash Advances to new and used car dealers. CONTACT: Allan Couch, National Sales Director Vehicle Acceptance Corporation 214.828.4725 acouch@VACorp.com http://VACorp.com/PR
	VAC Press Release 06/15/2011 - PDF - 311KB[http://VACorp.com/news/pressReleases/2011/Press_Release_06142011_NIADA_JEN_Final.pdf]
	VAC Press Release 06/15/2011 - DOC - 128KB[http://VACorp.com/news/pressReleases/2011/Press_Release_06142011_NIADA_JEN_Final.doc]

June 6th, 2011

	Sub Prime Auto Finance News Press Release[http://www.subprimenews.com/]
	Vehicle Acceptance opens new branch office in Portland, Oregon June 6th, 2011 FOR IMMEDIATE RELEASE Vehicle Acceptance Corporation is announcing their newest branch office location in Portland, Oregon. The BHPH lender brings their cash and service solutions to dealers in the Northwest. DALLAS, TX (VAC) June 6th, 2011 -- Vehicle Acceptance Corporation is announcing their newest branch office in Portland, Oregon. This latest expansion of the nationwide sub-prime finance company is an indication of the confidence VAC has in the healthy Buy-Here-Pay-Here marketplace in the region. VAC entered this new market last year in anticipation of a new branch opening. “We are always looking for strong new markets and Portland is a very good fit for us strategically and logistically,” Ms. Sara Upton, Chief Operating Officer of VAC says in regards to picking the hub for the region. The Portland branch territory states include Oregon, Washington, Idaho, Montana, Wyoming and Alaska. “VAC is committed to being the BHPH dealer’s finance department. Having a local presence, very qualified staffing and clear lines of communication with our dealers add considerable value that is unique in the marketplace,” according to Mr. Jonathan Neubauer, the CEO of Vehicle Acceptance. The Portland office is now fully operational; new dealers and account management for the Portland territory has transitioned from the VAC Phoenix office. The new office will be led by Regional Manager Mr. James Cook. New dealers can contact Mr. Cook at 1-866-865-8326, or via e-mail at jcook@vacorp.com. VAC strives to provide to the Buy-Here-Pay-Here dealer financial solutions to excel in the BHPH business. VAC has branch locations nationwide and is ready to do business with all used vehicle dealers. For more information on VAC programs and services, please contact Allan Couch at 1-214-828-4725 or visit http://VACorp.com/PR. About Vehicle Acceptance Corporation Vehicle Acceptance Corporation offers Cash and Service Solutions for the Buy-Here-Pay-Here dealer. VAC is a sub-prime automobile finance industry leader that has helped dealers create profitable portfolios since 1989. Headquartered in Dallas, Texas, VAC has offices nationwide offering Note Servicing and Cash Advances to used car dealers. CONTACT: Allan Couch, National Sales Director Vehicle Acceptance Corporation 214.828.4725 acouch@VACorp.com http://VACorp.com/PR ###
	Oregon Dealers Association Website - 6/2011 Dealer Solutions Issue[http://www.ordealers.com/html/ce/pdfs/6-2011-issue.pdf]
	VAC Press Release 06/6/2011 - PDF - 168KB[http://VACorp.com/news/pressReleases/2011/Press_Release_06072011_Portland_JEN_final.pdf]
	VAC Press Release 06/6/2011 - DOCX - 56KB[http://VACorp.com/news/pressReleases/2011/Press_Release_06072011_Portland_JEN_final.doc]

February 22nd, 2011

	SubPrime Auto Finance News Press Release[http://VACorp.com/news/pressReleases/2011/SPAFN_02222011.pdf]
	Vehicle Acceptance Joins iMETRIK GPS Pay Share Program February 22nd, 2011 DALLAS and MONTREAL — Vehicle Acceptance Corp., a buy-here, pay-here dealership payment stream lender, recently expanded its relationship with iMETRIK Automotive Solutions by joining the company's recently launched Pay Share program. Executives explained Pay Share can allow a dealer to obtain a full featured GPS payment device, including starter interrupt, payment reminder and integrated back up battery for a one-time $39 stocking fee. The program then costs $10 per month for 16 months or until the receivable is sold to one of the program's partners. Management from iMETRIK contends that Pay Share can help Vehicle Acceptance better serve dealers that are in need of financing and collections services. Using iMETRIK's technology, iMETRIK executives believe Vehicle Acceptance can provide dealers with the tools required to maximize portfolio performance in a cost-effective manner. Furthermore, iMETRIK said it believes Pay Share is ideally suited to the BHPH model where the dealers or the lender pay for the device as they book the retail installment contract. "iMETRIK's Pay Share program is a very attractive way for the buy-here, pay-here dealer to get iMETRIK devices in all of their vehicles at a great price point," stated Jonathan Neubauer, chief executive officer of Vehicle Acceptance. "As we look to expand our cash and service solutions to more BHPH dealers, this program helps us place one of the best technology values in the market in many more vehicles, and at the same time hold down the expenses associated with devices for our dealers," Neubauer continued. "It's a great deal for everyone." Added Guy Chevrette, who is the president of iMETRIK, "Because dealers typically arrange for a payment stream at the point of sale, the addition of VAC to the Pay Share program means that many dealers will be able to step into our best technology and only pay the $39 stocking fee. "Once the dealer sets up the payment stream, they simply transfer the device to VAC and the payment by the dealer goes away," Chevrette went on to note. BHPH dealers and subprime lenders can sign up for the new program at www.imetrik.com/payshare or by calling (866) 276-5382.
	Vehicle Acceptance Joins iMETRIK GPS Pay Share Program - PDF - 6KB[http://vacorp.com/news/pressReleases/2011/SPAFN_02222011.pdf]

February 16th, 2011

	F&I Showroom Press Release[http://www.fi-magazine.com/News/]
	Vehicle Acceptance Corp. Joins iMETRIK GPS "Pay Share" Program February 16th, 2011 DALLAS/MONTREAL — Vehicle Acceptance Corporation (VAC), a buy-here, pay-here (BHPH) payment stream lender, is expanding its relationship with iMETRIK Automotive Solutions by joining the company's "Pay Share" program. Pay Share allows a dealer to obtain a full-featured GPS payment device, including starter interrupt, payment reminder and integrated back-up battery, for a one-time stocking fee of $39 and then an additional $10 per month fee for 16 months, or until the receivable is sold to one of the program's lending partners. "Because dealers typically arrange for a payment stream at the point of sale, the addition of VAC to the Pay Share program means that many dealers will be able to step into our best technology and only pay the $39 stocking fee," said Guy Chevrette, president of iMETRIK. "Once the dealer sets up the payment stream, he or she simply transfers the device to VAC and the payment by the dealer goes away." Pay Share will help VAC better serve dealers who are in need of financing and collections services. Using iMETRIK's technology, VAC will provide their dealers with the tools required to maximize portfolio performance in a very cost effective manner. Pay Share is ideally suited to the BHPH model where the dealers or the lender pay for the device as they book the retail installment contract. "iMETRIK's Pay Share program is a very attractive way for the BHPH dealer to get iMETRIK devices in all of their vehicles at a great price point," said Jonathan Neubauer, CEO of VAC. "As we look to expand our cash and service solutions to more BHPH dealers, this program helps us place one of the best technology values in the market in many more vehicles, and at the same time hold down the expenses associated with devices for our dealers. It's a great deal for everyone." BHPH dealers and subprime lenders can sign up for the new program at www.imterik.com/payshare or by calling (866) 276-5382.
	Vehicle Acceptance Corp. Joins iMETRIK GPS "Pay Share" Program - PDF - 20KB[http://vacorp.com/news/pressReleases/2011/FIShowroom_02162011.pdf]

February 14th, 2011

	Partnership Between iMETRIK and VAC brings $39 GPS Payment Device to Markethttp://VACorp.com/news/pressReleases/2011/Press_Release_IMETRIK_Pay_Share_FINAL_02142011.pdf]
	FOR IMMEDIATE RELEASE Vehicle Acceptance Corporation Joins iMETRIK GPS "Pay Share" Program DALLAS/MONTREAL – February 14th, 2011 – Vehicle Acceptance Corporation (VAC), one of the nation's leading Buy-Here-Pay-Here payment stream lenders, is expanding its relationship with iMETRIK Automotive Solutions by joining the company's recently launched "Pay Share" program. Pay Share allows a dealer to obtain a full featured GPS payment device including starter interrupt, payment reminder and integrated back up battery for a one-time $39 stocking fee and then $10 a month fee for 16 months, or until the receivable is sold to one of the program's lending partners. "Because dealers typically arrange for a payment stream at the point of sale, the addition of VAC to the Pay Share program means that many dealers will be able to step into our best technology and only pay the $39 stocking fee" said Guy Chevrette, President of iMETRIK. "Once the dealer sets up the payment stream, they simply transfer the device to VAC and the payment by the dealer goes away". Pay Share will help Vehicle Acceptance better serve dealers across the country that are in need of financing and collections services. Using iMETRIK's technology, VAC will provide their dealers with the tools required to maximize portfolio performance in a very cost effective manner. Pay Share is ideally suited to the BHPH model where the dealers or the lender pay for the device as they book the Retail Installment Contract. "iMETRIK's 'Pay Share' program is a very attractive way for the Buy-Here-Pay-Here dealer to get iMETRIK devices in all of their vehicles at a great price point," said Jonathan Neubauer, CEO of VAC. "As we look to expand our cash and service solutions to more BHPH dealers, this program helps us place one of the best technology values in the market in many more vehicles, and at the same time hold down the expenses associated with devices for our dealers; it's a great deal for everyone." BHPH dealers and subprime lenders can sign up for the new program at www.imterik.com/payshare or by calling 1-866-276-5382. About iMETRIK Automotive Solutions Inc: iMETRIK Automotive is a global leader in machine-to-machine (M2M) embedded wireless solutions that enables companies to reduce costs and increase control of remote assets. The company designs and manufactures compact devices with more processing power and faster wireless connectivity. Customers access the company's solutions through Internet-based web applications and reports using an open standard architecture. This architecture easily integrates customer information systems to allow ease of usage and instant data access. The company acts as a wireless carrier or mobile virtual network operator (MVNO) to complete its end-to-end quality delivery model. The company is consistently recognized, year over year, as one of the top 100 machine-to-machine (M2M) technology providers of importance and influence by Connected World magazine. For more information, visit www.imetrik.com. CONTACT: Mr. Joseph Joy, Director of Sales & Marketing iMETRIK Automotive Solutions Inc Tel.: 514-448-6407 ext. 2010 joseph.joy@imetrik.com www.imetrik.com ### About Vehicle Acceptance Corporation Vehicle Acceptance Corporation offers Cash and Service Solutions for the Buy-Here-Pay-Here dealer. VAC is a sub-prime automobile finance industry leader that has helped dealers create profitable portfolios since 1989. Headquartered in Dallas, Texas, VAC has 5 offices offering Note Servicing and Cash Advances to used car dealers nationwide. CONTACT: Mr. Allan Couch, National Sales Director Vehicle Acceptance Corporation 214-599-9510 (office) PR@VACorp.com http://VACorp.com ###

	iMETRIK / VAC Press Release 02/14/2011 - PDF - 27KB[http://VACorp.com/news/pressReleases/2011/Press_Release_IMETRIK_Pay_Share_FINAL_02142011.pdf]
	iMETRIK / VAC Press Release 02/14/2011 - DOC - 42KB[http://VACorp.com/news/pressReleases/2011/Press_Release_IMETRIK_Pay_Share_FINAL_02142011.doc]

November 15th, 2010

	Vehicle Acceptance publishes editorial in Used Car News[http://VACorp.com/news/pressReleases/2010/VAC_UCN_Editorial_11022010_Final.pdf]
	'Poor' economy is driving down delinquency Jonathan Neubauer, Vehicle Acceptance Corporation November 2nd, 2010 It seems counterintuitive to think that given the reported current state of the economy that delinquency would be at historic lows for the Buy-Here-Pay-Here industry. We see this news on a daily basis from various trade magazines, industry experts and from our own internal data. According to Chuck Bonnano with Leedom and Associates, their data shows 94.8% of their accounts are less than 30 days past due. Collections are very good right now for us and most everyone in BHPH. A plausible explanation might be that the economy is not quite as bad as it has been made out to be. Politicians and pundits cite stories for headlines causing the economy to appear to be in shock and crumbling, while in fact the vast majority of the economy is likely moving along at something a little closer to normal. Of course, I do not intend to minimize the pain of unemployment or disappointing business results, but it is typically never as good as it seems or as bad as it seems. According to the Bureau of Economic Analysis (NIPA Table 2.1, seasonally adjusted at annual rates), 3rd quarter 2010 personal income is at an all-time high of $12.5 trillion dollars, or roughly $40,392 per capita, only $537 less than the peak per capita in 2008. Employee compensation at $7.97 trillion is 1.4 percent below the 2008 all-time high of $8.08 trillion, but still an improvement of 2 percent over the low of $7.78 trillion in the first quarter of 2009. Personal saving is 2.7 times higher than it was in 2007, at $631 billion. Non-mortgage personal interest payments of $199 billion are 27% lower than the all-time high of $273 billion in 2007, which as a percentage of personal income is at a level last seen in 1977. The average American has been shocked by the continual massive crises, explosion in the size of our government, and the considerable coverage of every move. They have been shocked into being financially responsible- saving more, reducing personal debt, and working hard to keep their jobs seeing as though a new one is so hard to get. Mortgage and Credit Card debt write-downs and charge offs are also a part of the equation. These are conditions that reduce the financial stress on the consumer, making it easier to make their car payment a higher priority. As a Buy-Here-Pay-Here dealer, the gut reaction is to tighten underwriting standards because there is so much uncertainty in the economy. This is exactly what nearly every bank and credit union has done; interest rates are exceptionally low yet almost no one can qualify for a loan, and the underwriting procedure is exceedingly difficult for the customer to get through. There is a real opportunity today to allow a higher credit risk consumer into your BHPH portfolio. While many traditional lenders are shying away from the un-bankable consumer, our data is indicating that when they have a job and a sufficient down payment, they are going to be a better paying customer for you than they may ever have been in the past. Vehicle Acceptance allows you to reduce your cash in the deal and will advance on all customers- especially ones that have been shocked into being financially responsible. It is a great time to be in Buy-Here-Pay-Here.
	VAC DBJ Editorial 11/15/2010 - PDF - 106KB[http://vacorp.com/news/pressReleases/2010/VAC_UCN_Editorial_11022010_Final.pdf]
	VAC UCN Editorial 11/15/2010 - Word - 27KB[http://vacorp.com/news/pressReleases/2010/VAC_UCN_Editorial_11022010_Final.doc]

September 27th, 2010

	Vehicle Acceptance Corporation receives accreditation from the Better Business Bureauhttp://VACorp.com/news/pressReleases/2010/VAC_Press_Release_09272010_BBB_Accreditation.pdf]
	FOR IMMEDIATE RELEASE Vehicle Acceptance Corporation (VAC), a national Buy-Here-Pay-Here (BHPH) lender, has received accreditation from the Better Business Bureau (BBB) of Metropolitan Dallas with an A+ rating. DALLAS, TX (VAC) September 27, 2010 — The Better Business Bureau of Metropolitan Dallas recently approved VAC's application for accreditation with an A+ rating, the highest rating offered by the BBB. Accreditation was granted after a review by the bureau's board, VAC met the high standards of the BBB and its Code of Business Practices which represents sound advertising and selling and customer service practices that enhance customer trust and confidence in business. For more information about VAC programs, contact Allan Couch at 1-800-380-3882 or visit http://VACorp.com/PR. To review VACs Better Business Bureau profile and access BBB Reliability Reports™, visit www.bbb.org and search for Vehicle Acceptance. About Vehicle Acceptance Corporation Vehicle Acceptance Corporation offers Cash and Service Solutions for the Buy-Here-Pay-Here dealer. VAC is a sub-prime automobile finance industry leader that has helped dealers create profitable portfolios since 1989. Headquartered in Dallas, Texas, VAC has 5 offices offering Note Servicing and Cash Advances to used car dealers nationwide. CONTACTS: Mr. Allan Couch, National Sales Director Vehicle Acceptance Corporation 214-599-9510 (office) PR@VACorp.com http://VACorp.com ###

	Better Business Bureau Website[http://www.bbb.org/dallas/business-reviews/consumer-finance-and-loan-companies/vehicle-acceptance-in-dallas-tx-15000401]
	VAC Press Release 09/27/2010 - PDF - 137KB[http://VACorp.com/news/pressReleases/2010/VAC_Press_Release_09272010_BBB_Accreditation.pdf]
	VAC Press Release 09/27/2010 - RTF - 1.54MB[http://VACorp.com/news/pressReleases/2010/VAC_Press_Release_09272010_BBB_Accreditation.rtf]

September 13th, 2010

	Vehicle Acceptance Corporation named one of Subprime Auto Finance News Top 75 Companieshttp://VACorp.com/news/pressReleases/2010/VAC_Press_Release_09132010_Supbrime_75.pdf]
	FOR IMMEDIATE RELEASE Vehicle Acceptance Corporation (VAC), a national Buy-Here-Pay-Here (BHPH) lender, has been listed among the Subprime Auto Finance News Top 75 companies demonstrating the organization's continued presence as a subprime marketplace lending leader. DALLAS, TX (VAC) September 13, 2010 — SubPrime Auto Finance News, a leading news magazine of the used car industry, announced its Subprime 75 as part of the March/April 2010 edition. The Subprime 75 is an annual listing, based upon nominations and editor’s picks, recognizing a variety of leading companies in the subprime auto remarketing segment. This marks the second consecutive year VAC has made the distinguished list. “We work hard to provide programs and services that benefit the dealer who caters to the subprime consumer. We’re pleased Subprime Auto Finance News has recognized us once again as a segment leader,” commented Allan Couch, National Sales Director at VAC, on the listing. For more information about VAC programs, contact Allan Couch at 1-800-380-3882 or visit http://VACorp.com/PR. About Vehicle Acceptance Corporation Vehicle Acceptance Corporation offers Cash and Service Solutions for the Buy-Here-Pay-Here dealer. VAC is a sub-prime automobile finance industry leader that has helped dealers create profitable portfolios since 1989. Headquartered in Dallas, Texas, VAC has 5 offices offering Note Servicing and Cash Advances to used car dealers nationwide. CONTACTS: Mr. Allan Couch, National Sales Director Vehicle Acceptance Corporation 214-599-9510 (office) PR@VACorp.com http://VACorp.com ###

	VAC Press Release 09/13/2010 - PDF - 139KB[http://VACorp.com/news/pressReleases/2010/VAC_Press_Release_09132010_Supbrime_75.pdf]
	VAC Press Release 09/13/2010 - RTF - 1.54MB[http://VACorp.com/news/pressReleases/2010/VAC_Press_Release_09132010_Supbrime_75.rtf]

September 13th, 2010

	Jonathan Neubauer recognized by SubPrime Auto Finance News as a 2010 Mover and Shakerhttp://VACorp.com/news/pressReleases/2010/VAC_Press_Release_09132010_Movers_and_Shakers.pdf]
	FOR IMMEDIATE RELEASE Vehicle Acceptance Corporation (VAC), a national Buy-Here-Pay-Here (BHPH) lender, announces the recognition of CEO Jonathan Neubauer as a Subprime Auto Finance News 2010 Mover and Shaker. DALLAS, TX (VAC) September 13, 2010— SubPrime Auto Finance News, a leading news magazine of the used car industry, announced its first annual industry Movers and Shakers as part of the July/August edition. Nominations included auto finance executives within non-prime companies, special finance and Buy-Here-Pay-Here dealers, as well as other executives who work in the non-prime auto financing sector. Vehicle Acceptance is pleased to announce Jonathan Neubauer, CEO of VAC, was recognized by the publication. Jonathan is leading the national finance company through a significant expansion in the Buy-Here-Pay-Here marketplace, according to Allan Couch, of VAC. “Under Jonathan’s leadership, VAC has become one of the largest servicers of BHPH paper in the United States. He has introduced new technology platforms to the organization to streamline operations, has made a concerted effort to increase VAC’s advertising presence and is working hard to solidify the organization’s brand in the subprime marketplace,” Couch added. “I am honored to be recognized as a Mover and Shaker. The recognition confirms that all of the hard work everyone at VAC is putting in to make us an industry leading finance company is paying off,” commented Mr. Neubauer. For more information about VAC programs, contact Allan Couch at 1-800-380-3882 or visit http://VACorp.com/PR. About Vehicle Acceptance Corporation Vehicle Acceptance Corporation offers Cash and Service Solutions for the Buy-Here-Pay-Here dealer. VAC is a sub-prime automobile finance industry leader that has helped dealers create profitable portfolios since 1989. Headquartered in Dallas, Texas, VAC has 5 offices offering Note Servicing and Cash Advances to used car dealers nationwide. CONTACTS: Mr. Allan Couch, National Sales Director Vehicle Acceptance Corporation 214-599-9510 (office) PR@VACorp.com http://VACorp.com ###

	VAC Press Release 09/13/2010 - PDF - 140KB[http://VACorp.com/news/pressReleases/2010/VAC_Press_Release_09132010_Movers_and_Shakers.pdf]
	VAC Press Release 09/13/2010 - RTF - 1.54MB[http://VACorp.com/news/pressReleases/2010/VAC_Press_Release_09132010_Movers_and_Shakers.rtf]

May 5th, 2010

	Vehicle Acceptance offers new payment methodshttp://VACorp.com/news/pressReleases/2010/VAC_SpeedPay_Press_Release_05042010.pdf]
	FOR IMMEDIATE RELEASE Vehicle Acceptance Corporation (VAC), a national Buy-Here-Pay-Here (BHPH) lender, is now accepting credit card and debit card payments via the Western Union SpeedPay system. DALLAS, TX (VAC) May 5th, 2010 - Vehicle Acceptance Corporation announces that new forms of payment via credit cards and debit cards are now available to all customers. “Western Union offers a cost effective, efficient way for us to allow our customers to make their car payment with their credit or debit card,” stated Mr. Jonathan Neubauer, Chief Executive Officer, VAC. “The value provided to the customer, VAC and the VAC dealer is sure to benefit all parties.” For more information about VAC programs, contact Allan Couch at 1-800-380-3882 or visit http://VACorp.com/PR. About Vehicle Acceptance Corporation Vehicle Acceptance Corporation offers Cash and Service Solutions for the Buy-Here-Pay-Here dealer. VAC is a sub-prime automobile finance industry leader that has helped dealers create profitable portfolios since 1989. Headquartered in Dallas, Texas, VAC has 5 offices offering Note Servicing and Cash Advances to used car dealers nationwide. CONTACTS: Mr. Allan Couch, National Sales Director Vehicle Acceptance Corporation 214-599-9510 (office) PR@VACorp.com http://VACorp.com ###

	VAC Press Release 05/04/2010 - PDF - 118KB[http://VACorp.com/news/pressReleases/2010/VAC_SpeedPay_Press_Release_05042010.pdf]
	VAC Press Release 05/04/2010 - RTF - 1.54MB[http://VACorp.com/news/pressReleases/2010/VAC_SpeedPay_Press_Release_05042010.rtf]

January 4th, 2010

	Vehicle Acceptance launches strategic partnership with PassTime[http://VACorp.com/news/pressReleases/2010/VAC_Passtime_Press_Release_01042010.pdf]
	FOR IMMEDIATE RELEASE Vehicle Acceptance Corporation (VAC), a national Buy-Here-Pay-Here (BHPH) lender, is announcing the initiation of a Joint Marketing Agreement with Starter Interrupt/GPS device manufacturer PassTime. DALLAS, TX (VAC) January 5, 2010- Vehicle Acceptance Corporation and PassTime are announcing the launch of a coordinated effort to jointly market PassTime's Starter Interrupt and GPS devices and VAC's Cash and Service Solutions. "Combining the products and services of PassTime with the financing options of VAC makes a very strong offering to the Buy Here Pay Here Automotive Market," stated Frank Jacobsen, President and Chief Operating Officer, PassTime. "We are looking forward to a long and successful partnership with VAC." In advance of the Joint Marketing Agreement with PassTime, Vehicle Acceptance has opened a new office in Carmel, IN, expanded its Corporate Headquarters in Dallas and increased the size of its Phoenix branch office. "VAC's volume and present opportunities required significantly increasing the size of our offices in Dallas and Phoenix. We now have the infrastructure and staffing that is necessary to maintain our current internal growth rates and absorb additional opportunities like this one with PassTime," said Mr. Jonathan Neubauer, Chief Executive Officer of Vehicle Acceptance Corporation. PassTime's extensive Suite of Products, including a new version of their Elite product line, complements the service offerings provided by VAC. The Payment Assurance products and services PassTime offers help reduce delinquencies, improve collections, and assist in repossessions. For more information about VAC programs, contact Allan Couch at 1-800-380-3882 or visit http://VACorp.com/PR. Additional information on PassTime programs can be obtained by contacting Corinne Schwarz-Kirkendall at 1-877-PASSTIME or visit http://passtimeusa.com. About Vehicle Acceptance Corporation Vehicle Acceptance Corporation offers Cash and Service Solutions for the Buy-Here-Pay-Here dealer. VAC is a sub-prime automobile finance industry leader that has helped dealers create profitable portfolios since 1989. Headquartered in Dallas, Texas, VAC has 5 offices offering Note Servicing and Cash Advances to used car dealers nationwide. About PassTime Headquartered in Littleton, Colorado, PassTime™ was founded in 1992; the PassTime Suite of Products is designed to improve customer payment performance and reduce default and repossession risks. In 1997, PassTime created its first "Starter-Interrupt" Device with a revolutionary design. Over the next several years, a Suite of Products evolved that offer code-based, wireless, and GPS Products and Services designed to meet the needs of a highly diverse industry of car dealers and special finance companies. PassTime solutions facilitate higher rates of return on financing based upon improved customer payment performance. PassTime prides itself on a 24/7 Customer Care Support Center for partners, lenders, dealerships, and end-user customers. Over the past decade, PassTime has sustained industry leadership with its innovative products and services. CONTACTS: Mr. Allan Couch, National Sales Director Vehicle Acceptance Corporation 214-599-9510 (office) PR@VACorp.com http://VACorp.com Mrs. Corinne Schwarz-Kirkendall PassTime USA 1-877-PASSTIME corinne@passtimeusa.com http://passtimeusa.com ###

	VAC Press Release 01/04/2010 - PDF - 95KB[http://vacorp.com/news/pressReleases/2010/VAC_Passtime_Press_Release_01042010.pdf]
	VAC Press Release 01/04/2010 - RTF - 103KB[http://vacorp.com/news/pressReleases/2010/VAC_Passtime_Press_Release_01042010.rtf]

November 30th, 2009

	Vehicle Acceptance publishes editorial with Oregon Vehicle Dealer's Association[]
	Keys to Collections Jonathan Neubauer, Vehicle Acceptance Corporation November 30th, 2009 Collections are the single most important aspect of any Buy-Here-Pay-Here (BHPH) operation. Without effective collections, any efforts made in sales, inventory acquisition and marketing are wasted on deals that don't pay. When a customer becomes delinquent we employ effective collection calls to arrange payment of the debt in accordance with the Fair Debt Collections Practices Act. There are specific techniques that can greatly improve the likelihood you will successfully obtain payment, improve your knowledge of your customer and make future collection efforts easier. Following these tried and true rules will help to ensure your collection activities are one of the most efficient aspects of your business. Vehicle Acceptance has followed these methods for many years with our Servicing program, which allows dealers to outsource their collection efforts. VAC has provided BHPH dealers with cash and collections since 1989 and understands the business. VAC services and capital are available in most states thru 5 regional offices. Visit www.VACorp.com or call 1-800-380-3882 for more information.

October 24th, 2009

	Vehicle Acceptance publishes editorial in Dealer Business Journal[http://VACorp.com/news/pressReleases/2009/DBJ_VAC_09232009.pdf]
	Vehicle Acceptance supports growth of the Buy-Here-Pay-Here Dealer Jonathan Neubauer, Vehicle Acceptance Corporation October 24th, 2009 Almost every Independent Used Car dealer in America today is asking themselves whether they truly want to be in Buy-Here-Pay-Here. It is not for everyone and not something that should be entered into lightly. In today’s economy, it is almost the only way to sell a used car, but will that change soon? Will the economy recover, and will the credit markets return? More importantly, when will this happen, and can you afford to wait? At Vehicle Acceptance, we know firsthand- Buy-Here-Pay-Here can be an immensely satisfying business that offers growth opportunities and delivers profits. We strive to help our dealers succeed in this business. The largest automobile creditor in the United States is collectively the independent used car dealer who writes and carries their own contracts. He knows how to buy a good used car at the right price and is willing to accept a high credit risk for a significant reward. It is not easy, and it takes a commitment, but it is likely one of the very few small businesses left in America today where an individual can truly become wealthy. Regardless of whether you are just entering the business or have been carrying notes for 40 years, besides finding a good used car at the right price, the most difficult challenges that you will encounter are universal among all Buy-Here-Pay-Here owners. In the beginning, capital is a challenge because it takes money to make money. Collections will always present the dealer with a great deal of administrative and logistical obstacles. If you decide to be in the Buy-Here-Pay-Here business, you have determined that you want to be the lender. You want to make money with money, not just sell a car for a fee. Buy-Here-Pay-Here dealers are not searching for the lenders that they can sell their loans to. In this business, they own those notes themselves and to ensure their business is successful, they must address cash flow and collections. Vehicle Acceptance strives to solve these challenges by providing capital to allow you to get started and grow, and strong collection services to efficiently manage your notes. Our goal is not to buy your paper. Our goal is to put you in the paper-owning business. A success story for us is when a dealer no longer uses our Cash Advance program and has several million dollars in servicing with us. He always will have the ability to use his servicing portfolio as a line of credit with our Cash Advance program when he needs some short term liquidity; but will always maintain ownership of his notes. Over 80% of our business is strictly servicing (collections) the paper that our dealers own. We help dealers properly manage the credit risk with our servicing program. Buy-Here-Pay-Here dealers are performing a valuable service—providing transportation to individuals who would not otherwise have it—and they should be rewarded for this. We know that when our dealer is making money with our help, we have a satisfied client. Vehicle Acceptance strongly believes that now is the best time in a long time for an independent used car dealer to be originating their own paper. The credit availability for the majority of Americans is nowhere near what it was a couple years ago. But the fact of the matter is these are the same people who could have gotten a new car financed with the captives, or a used car thru the local credit union a year or two ago. If they still have a job, and you put them in a car that they can afford, this is the time to take advantage of a huge opportunity to build a strong portfolio of receivables. Vehicle Acceptance can provide the money you need to continue growing, and the servicing of the notes to ensure a steady stream of income. Vehicle Acceptance Corporation offers Cash and Service Solutions for the Buy-Here-Pay-Here dealer. VAC is a sub-prime automobile finance industry leader that has helped dealers create profitable portfolios since 1989. Headquartered in Dallas, Texas, VAC has 5 offices nationwide offering Note Servicing and Cash Advances to used car dealers. For more information, contact us at 1-800-380-3882 or visit http://VACorp.com/DBJ.
	VAC DBJ Editorial 10/24/2009 - PDF - 66KB[http://vacorp.com/news/pressReleases/2009/DBJ_VAC_09232009.pdf]
	VAC DBJ Editorial 10/24/2009 - Word - 33KB[http://vacorp.com/news/pressReleases/2009/DBJ_VAC_09232009.doc]

September 24th, 2009

	Vehicle Acceptance names National Sales Director and Indianapolis Branch Manager[http://VACorp.com/news/pressReleases/2009/Press_Release_09242009_Appointments_JENfinal.pdf]
	FOR IMMEDIATE RELEASE Vehicle Acceptance Corporation is announcing the appointment of Mr. Allan Couch to National Sales Director and Mr. Jeff Baldwin as Branch Manager of their newest office location in Indianapolis, Indiana. DALLAS, TX (VAC) September 24th, 2009 – Vehicle Acceptance is pleased to introduce Mr. Allan Couch as VAC’s new National Sales Director. Allan joined VAC with a BS from the University of Missouri, an MBA from the Pepperdine University Graziadio School of Business and Management and years of experience with a Fortune 200 company. “I am excited about the opportunity to help shape VAC Marketing activities and carry on what is already a solid marketing platform. VAC has done a great deal in recent years to advance their business and I’m pleased to be a part of furthering these gains and building the VAC brand,” said Mr. Couch. VAC would also like to introduce the Branch Manager of Vehicle Acceptance’s newest office in Carmel, Indiana- Mr. Jeff Baldwin. Jeff is a native of the Carmel area and comes to us from the Kelly School of Business, at Indiana University with a degree in finance and several years of experience in the field. We will be starting in Carmel with a large book of business in the area successfully created by Ms. Beth Kishmarton and the team in the Cleveland office. The office has greatly benefited from VAC’s relationship with AFCD, who is assisting dealers in becoming more profitable. The AFCD relationship is certainly rewarding for all parties involved, especially the dealers. “These two gentlemen will complement our current staff very well. They are both eager and willing to get started with growing Vehicle Acceptance even faster than our current pace. Sara and I will be by their side to make sure transitions are smooth and portfolio growth rates are appropriate,” said Mr. Jonathan Neubauer, Chief Executive Officer of Vehicle Acceptance. VAC strives to provide to the Buy-Here-Pay-Here dealer the best services that they need to excel in the business. VAC has 5 branch locations nationwide and is ready to do business with all used vehicle dealers. For more information, contact Sara Upton at 1-602-224-9874 or visit http://VACorp.com/PR About Vehicle Acceptance Corporation Vehicle Acceptance Corporation offers Cash and Service Solutions for the Buy-Here-Pay-Here dealer. VAC is a sub-prime automobile finance industry leader that has helped dealers create profitable portfolios since 1989. Headquartered in Dallas, Texas, VAC has 5 offices nationwide offering Note Servicing and Cash Advances to used car dealers. CONTACT: Mrs. Sara Upton, Chief Operating Officer Vehicle Acceptance Corporation 602-224-9874 (office) supton@VACorp.com http://VACorp.com/PR ###
	VAC Press Release 09/24/2009 - PDF - 94KB[http://vacorp.com/news/pressReleases/2009/Press_Release_09242009_Appointments_JENfinal.pdf]
	VAC Press Release 09/24/2009 - Word - 29KB[http://vacorp.com/news/pressReleases/2009/Press_Release_09242009_Appointments_JENfinal.doc]

September 1st, 2009

	VAC Publishes Editorial in Used Car News
	Un-bankable Consumers do use technology Jonathan Neubauer, Vehicle Acceptance Corporation September 1st, 2009 Five years ago, it was a commonly held belief that the un-bankable consumer did not have access to modern and relatively expensive conveniences such as cell phones, e-mail and the internet; and if they couldn't get approved for a car loan, they likely could not obtain or afford such luxuries. Times sure changed quickly and this assumption today could not be further from the truth. While this consumer may not be able to get a loan from a captive, traditional bank or credit union, many do in fact have checking and savings accounts, either personally or thru a relative. Almost all major employers require an account for direct deposit of earnings. Automatic electronic funds transfers, debit card usage, website payment and pay-by-phone have all been exceptionally well received with the BHPH customer at Vehicle Acceptance. Technology now allows VAC to process deals in minutes with the dealer, and offer all of these instant methods of paying to the consumer. We continue to invest greatly in technology and software- while managing regulatory and disclosure issues which are continually changing. Vehicle Acceptance plans to stay ahead of the technology curve, and pass this added value directly to our dealers and their customers.
	Used Car News Website[http://www.usedcarnews.com/]
	VAC Editorial 09/01/2009 - PDF - 403KB[http://vacorp.com/news/pressReleases/2009/UCN_Editorial_09012009.pdf]
	VAC Editorial 09/01/2009 - Word - 27KB[http://vacorp.com/news/pressReleases/2009/UCN_Editorial_09012009.doc]

August 17th, 2009

	Vehicle Acceptance opens new location in Indianapolis, Indiana[http://VACorp.com/news/pressReleases/2009/Press_Release_08172009_New_Office_FINAL.pdf]
	FOR IMMEDIATE RELEASE Vehicle Acceptance Corporation is announcing their newest branch office location in Indianapolis, Indiana. The Buy-Here-Pay-Here market in the Midwest continues to show signs of being healthy and growing, and presence in this region is critical to the long term growth of VAC. DALLAS, TX (VAC) August 17th, 2009 -- Vehicle Acceptance Corporation is announcing their newest branch office location in Indianapolis, Indiana. This latest expansion of the nationwide sub-prime finance company is a strong indication of the healthy and growing Buy-Here-Pay-Here marketplace in the region. A stronger presence in the Midwest is vital to VAC's long term growth strategy. VAC has done business in Indiana for years, but recently has had very positive results from their relationship with AFCD and the efforts by their representatives to help BHPH dealers become more profitable and efficient. These new dealers are generating a great deal of business with VAC, and it is clear that the market is a very good fit for Vehicle Acceptance's Cash Advance and Servicing products. The Indianapolis office will be fully operational this fall; new dealers and opportunities are currently handled by the VAC Phoenix office under the lead of Sara Upton, the company's Chief Operating Officer. This will allow for a smooth transition to the permanent location that is being established in Indianapolis. VAC strives to provide to the Buy-Here-Pay-Here dealer the best services that they need to excel in the business. VAC has 5 branch locations nationwide and is ready to do business with all used vehicle dealers. For more information, contact Sara Upton at 1-602-224-9874 or visit http://VACorp.com/PR About Vehicle Acceptance Corporation Vehicle Acceptance Corporation offers Cash and Service Solutions for the Buy-Here-Pay-Here dealer. VAC is a sub-prime automobile finance industry leader that has helped dealers create profitable portfolios since 1989. Headquartered in Dallas, Texas, VAC has 5 offices nationwide offering Note Servicing and Cash Advances to used car dealers. CONTACT: Sara Upton, Chief Operating Officer Vehicle Acceptance Corporation 602-224-9874 (office) supton@VACorp.com http://VACorp.com/PR ###
	VAC Press Release 08/17/2009 - PDF - 92KB[http://vacorp.com/news/pressReleases/2009/2009_Power_200.pdf]
	VAC Press Release 08/17/2009 - Word - 28KB[http://vacorp.com/news/pressReleases/2009/2009_Power_200.pdf]

August 1st, 2009

	VAC is recognized in the Auto Remarketing Power 200[http://VACorp.com/Power200/index.asp]
	Vehicle Acceptance Corporation has been nominated and recognized as one of the 200 most influential companies in the remarketing and used-car industry. "VAC is honored and appreciative of the industry for this nomination and the recognition of our efforts to help Buy-Here-Pay-Here dealers maintain healthy and profitable portfolios. Recognition like this further illustrates our commitment to the growth and health of the industry." Auto Remarketing has been a very positive opportunity for Vehicle Acceptance, and we look forward to continued success with our advertising and marketing relationships.
	Auto Remarketing Website[http://www.autoremarketing.com/]
	Power 200 Article - 526KB[http://vacorp.com/news/pressReleases/2009/2009_Power_200.pdf]

July 6th, 2009

	VAC Publishes Editorial in Used Car News
	Now what do we do? Jonathan Neubauer, Vehicle Acceptance Corporation June 17th, 2009 The many true stories of franchise dealers being forced out of business is disheartening. Long term relationships, financial commitments and contracts seem to be of no value in today's volatile business climate. The circumstances leading to the closure of so many dealerships seem to go against the very fabric of what America was built on- accountability, honesty and fairness. We certainly sympathize with our counterparts and the dealings with manufacturers and government, it is a very difficult time for them. It is times like these that demonstrate that it is impossible to predict or prepare for every possible business challenge. While it is true that we can only deal with the hand we are dealt, there are always ways to proactively adapt to change and thrive in a new environment. Selling vehicles to the American consumer who is over-leveraged and has little excess disposable income certainly presents a challenge. Every business scholar will concede that business challenges present opportunities to those who have a vision that sees beyond the obstacles. The challenge presented today for all dealerships is how do they finance the sale to this consumer? New car dealerships have been described as the factories for used car inventory creation. There will be shortages of quality used cars due to the drastic drop in new car sales. While acquiring quality inventory will continue to be more difficult for used car dealerships, the opportunity is the used car dealership is now in the position to not just be a dealership- but the only real source of financing for the un-bankable consumer. Before, the used car dealership would utilize local banks and credit unions to directly finance the consumer, or sell their paper at a favorable discount to indirect lenders- earning all revenue at the point of sale. Now the opportunity exists to change their business from a transaction model to one where they are receiving continuous returns over the life of the note well past the original transaction. There is a perception that it takes very deep pockets and a full time repossession agent to create a profitable portfolio; this is simply not true. The Vehicle Acceptance program provides nearly all the capital, and all necessary collection efforts. With a Cash Advance, it is indeed possible to get all of your cash out of the deal at the point of sale; and with Servicing, you do not need to create a collections department to effectively manage your portfolio. What is readily apparent to those of us already in Buy-Here-Pay-Here is that now is a great time to be an independent used car dealer. It is true that there are challenges with inventory acquisition, and there may be former new car dealers entering into your local used car market. But given the lack of availability of traditional financing for the un-bankable consumer, there is a really big opportunity to grow your portfolio right now.
	Used Car News Website[http://www.usedcarnews.com/]
	Used Car News Ad - 2.22MB[http://VACorp.com/news/ads/documents/UCN_06232009.jpg]
	VAC Editorial 07/06/2009 - PDF - 78KB[http://vacorp.com/news/pressReleases/2009/UCN_Editorial_07062009.pdf]
	VAC Editorial 07/06/2009 - Word - 29KB[http://vacorp.com/news/pressReleases/2009/UCN_Editorial_07062009.doc]

Select entries from the Press Release Archive

October 15th, 2008

	VAC publishes new Ad in Oregon Vehicle Dealers Association Publication[http://vacorp.com/OVDA/index.asp]
	October 15th, 2008 Issue - Oregon Vehicle Dealers Association Publication. VAC Also contributed an editorial related to the current credit availability conditions in the marketplace.
	"Vehicle Acceptance Corporation and competitors legitimately in the sub-prime finance market understand what Wall Street struggles with. They realize that the typical used car dealer actually knows how to keep a sub-prime customer paying. It involves not overselling the customer- keep them in a vehicle that is aligned with their budget. They need to make a strong down payment so they have ‘skin in the game’. If the typical sub-prime customer has ZERO equity in the transaction, there is very little incentive to not walk away from a stressful obligation if their situation changes. And most importantly, this customer is not driving their own vehicle- they are driving the dealer’s vehicle as a result of their payment obligations. The customer has learned from their other situations that they need to push the lender to the limit. With that in mind, VAC actively informs the dealer of the condition of each note they are servicing for the dealer. Activating Starter Interrupt Devices or repossessing the vehicle are not options- they are obligations. Vehicle Acceptance Corporation is an industry expert in maintaining portfolios for dealers in both advantageous and difficult market conditions; they have been doing it extraordinarily effectively for nearly 20 years." - Quote from VAC Editorial in the 10/15/2008 issue of OVDA[http://VACorp.com/news/ads/documents/OVDA_Editorial_10012008-FINAL.pdf]
	Oregon Vehicle Dealers Association Website[http://www.oregonvda.com/index.html]
	OVDA Ad - 1.52MB[http://VACorp.com/news/ads/documents/OVDA_Ad_09302008.jpg]
	OVDA Editorial - 72KB[http://VACorp.com/news/ads/documents/OVDA_Editorial_10012008-FINAL.pdf]

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