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Let’s Build a Long Term Relationship

Flexible Financing Programs to help you make more Money on your Car Sales.

Point of Sale Purchases

This is our traditional dealer financing method, providing you with fast access to cash for your loans. We will purchase your Retail Installment Contracts at the time of origination, with a focus on quick and consistent funding.

Our approach is to establish long term relationships with our dealers by providing superior customer service. As you build good loan performance history we are able to provide more flexible terms.

You get more approvals and sell more cars. If you are looking for a better working relationship with your finance source, contact us to join our dealer network.

Portfolio Purchase

Challenge also purchases from any size existing loan portfolio, from a few loans to few thousand loans. Many of our Dealers and Finance Company partners sell from their portfolios on an ongoing basis, taking advantage of the higher return possible on loans that have a demonstrated pay history.

Others use this service to turn their portfolios into cash for special needs. Whatever your reason, Challenge Portfolio Purchasing gives you additional cash flow flexibility.

Loan Servicing

For Dealers and Captive Finance Companies who carry their own portfolio, Challenge can service your loans.  We take care of collection headaches, so you can focus on your business.

We board, service and collect your contracts. You retain ownership and enjoy the return on your loans, while projecting a professional image to you customers, with full credit reporting, monthly statements, full service online customer portal, and the confidence of knowing you have a professional, experienced collection staff keeping your customers paying.  

And should the need arise, contracts under servicing can be sold to Challenge with quick funding in 48 hours or less. It's like turning your portfolio into a line of credit.