• Do you want a 25%+ Increase in dealership profits?
• Do you want to Increase sales substantially?
• Do you want a huge cash flow increase?
• Would you like to accomplish increased cash flow without any increase in advertising, start up expense, or overhead?

If you answered 'YES' to any of the above questions... you need Barnett TOTAL...NOW!

Who we are:
Barnett Finance is a leader in sub-prime indirect lending. Established in 1994, Barnett has been servicing auto dealers for 15 years. Barnett has operated profitably through good times and bad with its time tested system. Barnett knows the ups and downs of auto sales. With time tested knowledge and understanding, Barnett has developed this program specifically for franchise dealers.

Overview:
Essentially, Barnett TOTAL acts as a quasi-captive lender, using Dealer capital along with Barnett's unique time tested credit decisioning, origination and collection systems. With this unique program, franchise dealers will be able to sell more vehicles at higher profits than ever before.

How it works:
Barnett Finance Company Inc forms a captive service agreement with the dealership. The dealer provides the capital to purchase contracts. Barnett uses its proven system to originate and to service the contracts. There is no start up cost. All fees will be based on cash flow. The revenue stream from payments collected will be wire transferred to the dealership weekly.

Barnett Finance's Commitment:
The Barnett TOTAL program handles the entire process from start to finish. This will allow franchise dealers to do what they do best...Sell Cars!

The Process:

1. Barnett receives application, credit bureau, and buyers order from dealer.



2. Barnett utilizes a proprietary decisioning engine, BarnettMax, in order to score the customer. The score is based on the customer's stability, their ability to pay and the vehicle value.



3. In addition, BarnettMax reviews and compares the advance percentage of the vehicle compared to auction values. (MMR and NADA values)



4. If the BarnettMax call does not meet the dealer's needs, in order to close the deal, special approval is needed by the dealer principle or agent. Barnett has a special 'Out of the Box' approval that will handle such instances.



5. The decision process takes less than 3 minutes. The deal structure is worked personally with the dealership finance manager, if necessary. The approval is sent electronically to the respective recipients.



6. The dealer then closes the customer, and delivers the vehicle.



7. Once Barnett receives the deal package, our proprietary 'due diligence' process begins. The process is a series of steps where every required item is verified and documented. All correspondence is noted at every stage. Our system generates emails as needed to continuously keep the dealership 100% informed of the funding process.



8. After all of the required documentation and stipulations (stips) are verified, a customer interview is performed and an active GPS unit is installed on the vehicle. Once completed, a funding notice is sent and the deal is funded. (Note: it is the dealers' option for Barnett to actually write a check. The check represents an arms length transaction. The dealer may opt out, since the dealers funds are being used to begin with.)



9. After the deal is funded, the customer then makes payments to Barnett. At the end of each week, Barnett will forward the proceeds to the dealer less a 15% service fee.



10. Barnett collections department handles all delinquent accounts. All means necessary will be exhausted prior to repossession. In the unfortunate event of account default, Barnett Recovery handles repossessions at the least cost possible.



11. Upon vehicle recovery, all out of pocket expenses are reviewed and included in redemption costs. If the vehicle is not redeemed, it is taken to the nearest auction for disposal.



12. Once the vehicle is sold at auction, the sale price is applied to the customer's account and the balance is written off.



13. Barnett Collections also tracks 'skip' accounts, insurance claims and bankruptcies. Our proprietary tracking system is second to none for timely recovery of assets. In the event of bankruptcy dismissal, we generally have possession of the vehicle before the customer is aware of the court ordered dismissal.



14. Monthly, Barnett will provide reports showing the performance of the loan portfolio, cash flow, delinquency percentage, default rate, etc. (i.e.- 'dollars on the street')

Benefits

1. Barnett TOTAL allows dealers to capitalize on all of Barnett's experience and expertise in the auto finance business.



2. Dealers will experience an increased level of sales since vehicles will be delivered to customers that would otherwise end up walking off the lot.



3. Dealers will see a huge increase in Cash Flow, resulting in increased Profit that is typically not commissionable.



4. Dealer A/R-Accounts Receivable can be a securitized debt instrument using a line of credit rather than cash. These notes are highly liquid should a dealer decide to "cash out".



5. In a tough economy, the revenue stream provides dealers an increased ability to cover overhead.

For more information, please contact:

Jim Dixon
Barnett Finance
912-692-0008 Office
jdixon@barnettfinance.com