Conventional / Non–Recourse Program

“Sub-Prime Auto Finance” for the 450 and above beacon customer.

Vehicles- Ten years and newer. Mileage up to 150,000.

Terms- Up to 48 months based on vehicle year model and mileage.

Rates- We observe the NC/TN state guidelines typically. 18-29% APR based on the year model of the vehicle.

Advance- Our program yields advances from 105-120% of NADA loan values including or deducting our fees.

Fees- This program utilizes a flat fee structure. Fees will range from $500 to $800 in most cases.

Product- Whitestone administers a host of auto finance related products through Safeguard Protection LLC. Very competitive commission paid to the dealer up front at the time of funding. It’s not unusual for the dealer to earn upwards of an additional $1,000 per contract from product.

Methodology- We don’t live and die by the BEACON score. We actually mitigate our risks based on the overall picture of the customer. Job Time, Residence Time, Down Payment etc. So a 450 BEACON customer may actually look more like 600 and conversely a 600 may appear more like a 450.

Fee Guideline Examples

A Tier (strongest customer/vehicle) This customer will have a BEACON on file typically of 550 or more. If Beacon adjusts to 650 or greater:

120% of NADA loan including or deducting a $500 fee*.

Mileage to 125,000 and vehicle to 6 years in age.

Product commission is in addition to advance amount.

B Tier (mid-range customer/vehicle) This customer will have a BEACON on file typically of 500 or more. If Beacon adjusts to 500-649:

112% of NADA loan including or deducting a $650 fee*.

Mileage to 135,000 and vehicle to 7 years in age.

Product commission is in addition to advance amount.

C Tier (most challenged customer/vehicle) This customer will have a BEACON on file typically of 400-499. If Beacon adjusts to 450-499:

105% of NADA loan including or deducting $800 fee*.

Mileage to 150,000 and vehicle 8+ years in age.

Product commission is in addition to advance amount.

*Order of fee adjustment if applicable:

· Mileage

· Year Model

· Adjusted BEACON

Example: You have a customer who qualifies as an “A” tier in every condition but the vehicle being sold has 145k miles. The fee would then be determined based on mileage. In this example an $800 fee would be realized.

If GPS units are called as stipulations to funding an additional fee may be assessed.