Helping You Drive Away Today Since 1991
The information is not meant to replace our Uniform Franchise Disclosure Document (UFDD). We will provide this document to you at our first face to face meeting. Before you enter into a franchise agreement, you should review the entire UFDD with your attorney, accountant, and family. This is not an offer to sell or a solicitation to buy a franchise. It is for information purposes only. At the appropriate time, Not Now, we will only offer franchises in the states we are licensed and permitted to do so.
What is Automatic Car Credit?
We’re a used car dealer that specializes in helping people establish or re-establish their credit through the purchase of a vehicle. Since the early 1990’s, our proven financing system has allowed thousands of customers purchase the vehicle they want, and more importantly, can afford.
What makes Automatic Car Credit different?
We have a different selling philosophy in that we are low pressure and treat customers equally, regardless of credit worthiness. Our model allows the customer to deal with one person throughout the buying experience. Secondly, we sell credit. Pardon the pun, but the vehicle is the “vehicle” in which we do it.
How much is the franchise fee?
For an existing dealer that converts to an Automatic Car Credit, the franchise fee is $10,000. For a start up dealer the fee is $25,000.
What do I receive for the franchise fee?
You receive the right to use our marks, access to our lender group, flooring source, DMS system, marketing/media buying source, and several weeks of corporate/on-site training. You will also receive an operations manual, ongoing support, site location assistance, website hosting, inventory procurement assistance, and the opportunity to become a member of the ACC family that has vast years of experience in the auto/finance industry.
What is my total initial capital investment?
Depending on the whether a conversion or start up franchise it will be $250,000-$416,700. Keep in mind that this includes the franchise fee and some operating capital. We do everything in our means to keep the start up costs as low as possible.
Do I receive an exclusive territory?
You do receive an exclusive territory called an area of primary responsibility. We determine the boundaries of the area based on a variety of factors, including population, median population age, proximity to competitors, proximity to other franchisees, and other natural, physical or political boundaries.
What is the royalty fee?
The royalty fee is $125 per retail vehicle sold, regardless of the profit you made on the vehicle.
Are there other ongoing fees?
You MAY be required to contribute to a corporate advertising fund on a monthly basis an amount which ranges from $500-1000. These funds are used to off set companywide advertising costs only, such as new television production, banners/fliers for companywide sales event, etc. If at the end of the first quarter of the following year there are unused funds, they will be returned to the franchisee in the proportion in which they were submitted. (Note: We currently don’t have a corporate advertising fund enforced).
Do I need to have auto industry experience to purchase a franchise?
We recommend that you do. However, an individual that demonstrates great people skills, business sense, is driven, and can motivate others can probably hire individuals with the necessary experience.
I am ready to proceed. What do I do now?
Select the Start Today tab below and fill out the application. Every inquiry will be processed and a determination will be made as to whether or not to grant the franchise. We take it seriously as we are looking to create a long term, mutually beneficial relationship, just like we expect you to do with your customers.
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