Greenwood Village, CO – FinCo Management, a new provider of financing solutions to car dealers who support the Buy Here-Pay Here-type customer has engaged Auto Portfolio Services LLC, (APS), to provide loan servicing for their growing portfolio.

Dealers using FinCo’s ”Hybrid” product earn up to 90 cents on every dollar financed, versus 78 cents to 80 cents on the dollar in a traditional BHPH model.  FinCo finances the Warranty, GPS, VSI and a 50 cent advance at point of purchase, allowing the dealer to make $750 to $1,000 or more today, and thousands more in the over time. 

“We need a high-touch, weekly servicer with national coverage” said Toby Reiley, President of FinCo. “Our customers primarily pay with debit cards or cash, and respond very well to timely, consistent text messages and the Audible-Warning/Starter-Interrupt devices installed in every vehicle.  APS understands this customer, the process and FinCo’s approach to the market.”

“APS is excited to partner with FinCo as they continue to expand their products and programs throughout the BHPH community” states Kevin Barry, President of Auto Portfolio Services LLC. “Our platform has been customized to serve this fast growing market and we have extensive experience working with the special finance consumers. FinCo’s unique model and flexible programs allow for dealerships to participate in a true affiliate relationship with a finance provider while also presenting an expanded opportunity for the credit challenged consumer.”

“The FinCo-APS affiliation allows dealers to confidently structure financing for the bottom one-third of the adult population in the U.S. without having to give the lenders the majority of the profits” added FinCo’s Reiley.

About Auto Portfolio Services LLC
Auto Portfolio Services, LLC (APS) operates independently as a wholly owned subsidiary of KAR Auction Services.  APS specializes in customizable and technologically advanced loan portfolio servicing solutions. We offer clients full service, “cradle to grave” loan servicing solutions, but also provide clients the ability to segment our services on an a la carte basis. APS emphasizes a collaborative process with our partners to customize programs to fit their individual needs. For more information about Auto Portfolio Services LLC, visit

About FinCo Management
Based in Marblehead, Massachusetts, FinCo Management LLC delivers highly cost effective Deep Subprime financing solutions to new and used car dealers.  Turn-key systems allow dealers to provide compliant “in-house” financing to customers through supplying capital, operational support, or both.  FinCo originates in CA, FL, IL, GA, MA, MS, OH, TX, & TN, and is approved and/or licensed in 21 other states. Visit to learn more.