Feb. 18, 2011
-- The cornerstone of the Smart Fund® Program is to partner with dealerships to get their customers financed, achieve a fast inventory turnover in an anemic economic environment, and share in the profitability of the financed transaction. While there are specific credit parameters in the Smart Fund® Program, there is more a focus on compensating factors rather than on a credit score. The minimum amount eligible for financing is $4,000 while the maximum is $20,000.
Wisdom, as a licensed sales finance company, sources its credit applications from automotive dealerships through the industry-leading portals of DealerTrack. It is the vision of Wisdom to pursue a slow, controlled growth in selected Northeastern States over the next two years.
“With the persistence of the credit crunch, we are proud of our accomplishment in New York where we have partnered with dealerships to finance customers,” said Mr. Armin Baratian, President & CEO of Wisdom. “We are, indeed, looking forward to enroll dealerships into the Smart Fund® Program in New Jersey and help them enjoy the same success as the dealerships in New York,” added Mr. Baratian.
Wisdom has recently obtained its license from the Department of Banking and Insurance to operate as a licensed lender in the State of New Jersey. It is actively pursuing its sales company license and/or authority to conduct business in the following states: Pennsylvania, Maryland, Virginia, Delaware, Massachusetts, Rhode Island, and Connecticut.
About Wisdom Financial (www.wisdomfinancials.com)
Wisdom Financial, located in Great Neck, NY, was established as a sales finance company in 2003 in the State of New York. Its primary business is to indirectly lend to customers seeking to purchase a motor vehicle from a dealership within its automotive dealership network. It sources credit applications from the industry-leading portal of DealerTrack. For further information about Wisdom or its Smart Fund® Program, please contact Michael Danzi at michael.danzi@
wisdomfinancials.com or by phone at (888) 830-2306.