PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
What's a bulk auto loan?
I've heard this term before, but my research isn't turning up any clear information. What does it involve?
Johnny Puckett · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
““Buy here, pay here” dealers offer in-house auto financing, which leaves them with a large portfolio of receivables (debts owed to a company by customers) and not a lot of capital. To get a cash infusion to cover inventory or expenses, they will often sell their receivables to a finance company that specializes in bulk auto loan trading.
This finance company will then sell the bulk auto loans to other finance companies, banks, or private investors, which assume control of these contracts.
“
View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
.jpg&w=64&q=75){kind=avatar}
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies