Automotive Banking Solutions aka absnyc.com/automotivebakingsolutions.com-They claim to assist Automotive Dealers in obtaing more lenders for the Auto Dealers Finance Departments for a low enrollment fee of $595.00. They will produce the same lenders to the dealer that charge high fees ranging from 28-32% of the dealers deal structure. The submission process is not what they tell dealers and their help desk consist of one or two people. There are approximately 250 dealers enrolled in this system nationwide. Approximatley 93% of these dealers have not seen the first deal get bought and funded (8 months since the start of this Banking Program). Now they are telling dealers they will provide Virtual F&I to dealers (VFI) if they are not having sucess with the Automotive Banking Solution Bank Portal System. For a cost of $100.00 per month and $189.00 per funded deal they will to their F&I process from start to finish.
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