Founded in 2010, Creative Finance Options was created to bring innovative solutions to the automotive industry with the primary objective of delivering new and cutting edge products and services to that market. The Creative Finance Options business model includes collaboration with strategically positioned corporations which are open to diversification and the incorporation of value added components to their core product and service offerings.
In an ever changing business climate, Creative Finance Options allows our partners to perform ahead of the competition through the development and market implementation of innovative products and conceptually new business applications.
Creative Finance Options principals have significant business experience in the automotive finance, insurance and aftermarket product industries. The management team includes proven executive level leaders and an experienced operational management team.
The CFO mission is to create increased value in the automotive finance market through the development and implementation of new products and applications. Our success will be measured by the strength of our products and the benefit realized by our corporate partners.
Partial Recourse Protection (PRP) is an insurance program which provides a financial solution enabling an Automotive Lender to approve Consumer Auto Loans that are currently not processed.
Partial Recourse Protection (PRP) is a solution to capturing and approving the Consumer Auto Loans lost as a result of excessive Loan-to-Value Ratios (LTV).
The PRP program may be utilized in both indirect and direct lending capacities.
A PRP agreement insures a lender; the program is underwritten by CNA Insurance Company.
Allows Lenders to approve loan applications currently not processed!
Substantially increases both direct and indirect vehicle lending volumes!
Allows Lenders to establish a better collateral position or compensate for exceptions to underwriting guidelines!
Generates more loan applications from dealers and dealer groups!
Increases the profitability of lending operations!
Enhances service delivery to dealers and dealer group!
Increases sales of auto loan related aftermarket products (GAP waiver, warranty, service contract)!
Lender services all loans!
No implementation costs!
Simple and rapid implementation process!
No minimum transaction or funding commitments!
Creative Finance Options, LLC
248 N. Kentucky Avenue
Lakeland, FL 33801
PRP Program Benefit
PO Box 7691
St. Clair Shores, MI 48080