LEGAL DISCLAIMERThis is an important legal and regulatory notice relevant to the information included in the website. By accessing the Member Buyer Section, you agree to be bound by the following terms and conditions. Contents on this website are provided by us and our affiliates for informational purposes only and are subject to change without notice.
Not a Regulated EntityWe and our related parties are not conducting any activities that require authorization by any financial regulatory bodies. We are not a regulated entity, you must note the risk of dealing with an unregulated entity.
Not a Securities DealerWe provide a web based platform for buy here pay here auto dealerships to sell their accounts receivables to lenders in an efficient manner. We do not engage in the dealing of securities. We are not a securities dealer.
Not a Credit Rating AgencyWe may from time to time provide third party credit reports but we do not provide any credit rating services. We are not a credit reporting agency.
Not a Financial and/or Investor AdvisorWe may from time to time provide instruction to members on how to use our platform. But we do not offer any tax, accounting, legal, trading, hedging, investment or financial advice. We are not a financial or investment advisor.
Know Your Customer (KYC) and Other Regulatory RequirementsIn order to enable us to provide a sound and safe platform for our users and partners, we have an enhanced set of KYC processes and procedures. Due to compliance, privacy, and other regulatory concerns, we may request additional documentation for identification purposes as part of the sign-up process or membership maintenance requirements.
No RelianceWe have taken all reasonable care that the information contained within the website is accurate at the time of publication, but no representation or warranty (including liability towards third parties), expressed or implied, is made as to its accuracy, reliability or completeness by us and our affiliates.
No WarrantyWe offer no warranty of any kind, either expressed or implied, any information and opinions contained on the website. We assume no responsibility for, and makes no representations and warranties that, functions contained on the website will be uninterrupted or error-free, that defects will be corrected, or that the website or the servers that make it available will be free of viruses or other harmful components.
If you decide to register, you will be able to select the kinds of information you want to receive from us by subscribing to various services, like our electronic newsletters. If you do not want us to communicate with you about other offers regarding SellYourBulk.com products, programs, events, or services by email, postal mail, or telephone, you may select the option stating that you do not wish to receive marketing messages from SellYourBulk.com.
SellYourBulk.com occasionally allows other companies to offer our registered customers information about their products and services, using postal mail only. If you do not want to receive these offers, you may select the option stating that you do not wish to receive marketing materials from third parties.
SECURITYSellYourBulk.com has taken strong measures to protect the security of your personal and business information and to ensure that your choices for its intended use are honored. We take strong precautions to protect your data from loss, misuse, unauthorized access or disclosure, alteration, or destruction.
When you use our platform orders or access your personal and business account information, you're utilizing secure server software SSL, which encrypts your personal and business information before it's sent over the Internet. SSL is one of the safest encryption technologies available.
SellYourBulk.com strictly protects the security of your personal and business information and honors your choices for its intended use. We carefully protect your data from loss, misuse, unauthorized access or disclosure, alteration, or destruction.
Your personal and business information is never shared outside the company without your permission, except under conditions explained above. Inside the company, data is stored in password-controlled servers with limited access. Your information may be stored and processed in a country where SellYourBulk.com, its subsidiaries, affiliates or agents are located.
You also have a significant role in protecting your information. No one can see or edit your personal and business information without knowing your user name and password, so do not share these with others.
CUSTOMER PROFILESAs mentioned above, every registered customer has a unique profile. Each profile is assigned a unique membership number, which helps us ensure that only you can access your profile.
What we do with the information you shareWhen you join us, you provide us with your contact information, including your name and email address. We use this information to send you updates about your order, questionnaires to measure your satisfaction with our service and announcements about new and exciting services that we offer.
When you order from us, we ask for your credit card number and billing address. We use this information only to bill you for the product(s) you order at that time. For your convenience, we do save billing information in case you want to order from us again, but we don't use this information again without your permission.
We occasionally hire other companies to provide limited services on our behalf, including packaging, mailing and delivering purchases, answering customer questions about products or services, sending postal mail and processing event registration. We will only provide those companies the information they need to deliver the service, and they are prohibited from using that information for any other purpose.
SellYourBulk.com will disclose your personal and business information, without notice, only if required to do so by law or in the good faith belief that such action is necessary to: (a) conform to the edicts of the law or comply with legal process served on SellYourBulk.com or the site; (b) protect and defend the rights or property of SellYourBulk.com and its family of Websites, and, (c) act in urgent circumstances to protect the personal and business safety of users of SellYourBulk.com, its Websites, or the public.
We use three types of cookies:Basic operational cookies: These cookies ensure that our website runs smoothly, for example, by allowing you to log in to our platform.Performance cookies: These cookies let us collect important information on how our website is used, allowing us to understand which areas of our website are the most important, or where users experience errors. All of this information is collected anonymously, and actions cannot be tied to the identity of individual users. These cookies expire after two years unless you delete them.Targeting cookies: These allow us to track which users have visited our page, and are linked to marketing initiatives provided by third parties. These cookies expire after 6 months unless you delete them.For further information regarding cookies and how you can delete these from your browser, please see: www.aboutcookies.org.
GENERAL TERMS & CONDITIONSTerms and Conditions of Use
The following rules (“Terms and Conditions”) govern the use of the URL “www.SellYourBulk.com” (“the Site”) and the services that may be offered on each of the Site in addition to the master agreement you have entered with SellYourBulk.com (“SYB”). Please read the following Terms and Conditions carefully.
By using the Site, you understand and expressly agree to be legally bound by these Terms and Conditions and your master agreement with SYB and to follow these Terms and Conditions and all applicable laws and regulations governing the Site. SYB reserves the right to change these Terms and Conditions at any time, effective immediately upon posting on the Site. If you violate these Terms and Conditions, SYB may terminate your use of the Site, bar you from future use of the Site, and/or take appropriate legal action against you.
Copyrights and Trademarks of SYB
The Site is owned and operated by SYB. Unless otherwise specified, all materials appearing on the Site, including the text, site design, graphics, logos, icons and images, as well as the selection, assembly and arrangement thereof, are the sole property of SYB. Additionally, all audio and video clips are the sole property of SYB or SYB’s content provider. The content and software on the Site is the property of SYB and/or its suppliers and is protected by U.S. copyright law. You may view, download, print and retain a copy of pages of any of the Site only for your own personal use. Except as expressly provided above, you may not use, download, upload, copy, print, display, perform, reproduce, republish, license, post, transmit or distribute any information from the Site in whole or in part without SYB’s prior written permission. If you wish to obtain permission to reprint or reproduce any materials appearing on the Site, you may contact SYB contact us through the contact information in your master agreement. All rights not expressly granted herein are reserved.
The absence of a trademark, trade name or service mark from the above list does not constitute a waiver of SYB’s intellectual property rights concerning that trademark, trade name or service mark. The use of any of SYB’s trade names, trademarks or service marks without SYB’s express written consent is strictly prohibited. In order to maintain the value of these marks, it is important that they are used correctly. If you have any questions, you may contact SYB directly.
You agree that you are only authorized to visit, view and to retain a copy of pages of the Site for your own personal use, and that you shall not duplicate, download, publish, modify or otherwise distribute the material on the Site for any purpose other than for personal use, unless otherwise specifically authorized by us to do so. The content and software on the Site are the property of SYB and is protected by U.S. and international copyright laws.
SYB may terminate the privileges of any user who uses the Site unlawfully to transmit copyrighted material without a license, express consent, valid defense or fair use exemption to do so. If you submit information to the Site, you warrant that the information does not infringe the copyrights or other rights of third parties.
Representations by You
By visiting the Site, you represent, warrant and covenant that (a) you are at least 18 years old; (b) that you are a resident of the United States; (c) you agree to abide by these Terms and Conditions and the master agreement; and (d) all materials of any kind submitted by you through the Site or for inclusion on the Site will not plagiarize, violate or infringe upon the rights of any third-party including trade secret, copyright, trademark, trade dress, privacy, patent, or other personal or proprietary rights.
During the registration process you will be asked to select a unique password for access to certain portions of the Site. You are responsible for maintaining the confidentiality of the password and account, and are fully responsible for all activities that occur under the password. By logging into the Site, you represent and warrant that: (i) you are the customer who registered for the services; (ii) that you are using the services only for permitted purposes; (iii) you are not a competitor of SYB, or agent thereof; (iv) you will immediately notify us of any unauthorized use of the password or account or any other breach of security; and (v) you will ensure that you exit from your account at the end of each session. Please notify SYB of any potential unauthorized use(s) of your account, or breach of security.
You also represent and warrant that: (i) you will not select or utilize a user name of another person with intent to impersonate that person; (ii) you will not select or utilize a user name in which another person has rights, if you do not have that person's authorization to use such name; and (iii) you will not select or utilize a user name that SYB in its sole discretion deems offensive.
In the event an offer, counter-offer, bid, bulk information, or other information on the Site is listed at an incorrect price or with incorrect information due to typographical error or error in pricing or product information received from another user of the Site, SYB shall have the right to refuse or cancel any bids, offers, acceptances, or counter offers placed for products listed at the incorrect price. SYB shall have the right to refuse or cancel any such orders whether or not the order has been confirmed and the sale price paid. If you have already been charged for the purchase and the purchase is cancelled, the seller shall be obligated to immediately refund the amount of the charge.
Order Acceptance Policy
Your receipt of an electronic or other form of order confirmation does not signify SYB’s approval of the purchase. SYB reserves the right at any time after acceptance to decline approval of the purchase as allowed in your master agreement and these Terms and Conditions. SYB may require additional verifications or information before approving any sale through SYB.
Each user of the Site shall be solely responsible for all sales taxes, or other taxes in relation to the services provided on the Site.
Links and Search Results
The Site may link to other sites operated by third parties. SYB has no control over other sites or their content and cannot guarantee, represent or warrant that the content of these sites is accurate, legal and/or inoffensive. SYB does not endorse the content of other sites, and cannot warrant that these sites do not contain viruses or other features that may adversely affect your computer. By using any the Site, you agree and understand that you may not make any claim against SYB for any damages or losses resulting from your use of the Site. However, if you have a problem with a link or other technical issue with the Site, please notify SYB and it will investigate the issue and take appropriate action.
Violation of the Terms and Conditions
By using the Site, you understand and agree that SYB, at its sole discretion and without prior notice, may terminate your access to the Site and to any services offered on the Site, and may remove any content or information from the Site you have provided (“User Content”) if SYB believes that the User Content violates or is inconsistent with these Terms and Conditions or your master agreement, or their intent, that your conduct is disruptive, or you have violated the law or the rights of SYB or another user.
License Granted by You
By providing User Content to us, which includes submitting or uploading content or materials for use and review on the Site, you represent and warrant that you are the owner of all rights to such content or materials and have expressly granted SYB the right to use all or any part of the content and materials provided by you. We may publish and distribute any such submitted content or materials at SYB’s sole discretion by any method now existing or later developed so long as consistent with your master agreement.
Compliance with Laws
You agree to comply with all applicable laws, statutes, ordinances and regulations regarding your use of the Site, the purchase or sale of contracts on the Site, or the use of services through the Site. SYB may, in its sole discretion, report actual or perceived violations of law as needed. If SYB becomes aware, through a complaint or otherwise, of any potential or suspected violation of these Terms and Conditions or the master agreement, SYB may (but is not obligated to) conduct an investigation to determine the nature and extent of the suspected violation and the appropriate enforcement action, during which investigation SYB may suspend services to any customer being investigated and/or remove any material from SYB’s servers. You agree to cooperate fully with any such investigation. You acknowledge that violations of the Terms and Conditions or your master agreement could be subject to legal remedies.
SYB welcomes all comments, feedback, information, or materials (“Feedback”) which you submit to us by email or otherwise through or in conjunction with the Site. Please note that Feedback shall be considered non-confidential and become the property of SYB. By submitting Feedback to SYB, you agree to a no charge assignment to us of all right, title and interest in copyrights and other intellectual property rights in regard to the Feedback. SYB shall be free to use the Feedback on an unrestricted basis.
You agree not to use the Site or any content contained in it for any illegal or inappropriate activities.
The Site may contain advertisements and/or sponsorships. The advertisers and/or sponsors that provide these advertisements and sponsorships are solely responsible for insuring that the materials submitted for inclusion on the Site are accurate and comply with all applicable laws. SYB is not responsible for the acts or omissions of any advertiser or sponsor.
You agree that any legal action brought against us shall be governed by the laws of the State of Florida, without regard to conflict of law provisions. You agree that any litigation arising from your use of the Site shall be brought in the state of Florida. SYB makes no representations that the Site is appropriate for access outside the United States.
By using the Site, you agree to indemnify and hold SYB, its subsidiaries, affiliates, officers, agents and other partners and employees, harmless from any loss, liability, claim or demand, including reasonable attorneys’ fees, made by any third party due to or arising out of your use of the Site, including providing a link to another site or uploading any content to such Site.
If any provision of the Terms and Conditions is held to be invalid, void or unenforceable, the remaining provisions shall nevertheless continue in full force and effect.
Section titles in the Terms and Conditions are for convenience and do not define, limit, or extend any provision of the Terms and Conditions.
If You Sell Your Auto Notes Why Waste Time Going From Lender to Lender? ACCESS THEM ALL AT ONCE! 15+ Lenders @ One Website! Instant Online Access to Multiple Lending Sources Competing to Purchase Your Auto Loan Portfolio!
SellYourBulk.com is a web-based interactive portal providing dealerships and other sellers of auto loan portfolios with direct access to multiple lenders offering a variety of programs for auto loan portfolio purchases.
Whatever your reason for selling your auto loan portfolio our interactive portal puts you in control! We know you've got a business to run and your time is valuable.
That's why we've developed a web-based portal that allows you to put your portfolio in front of multiple lenders and allows you to conduct and monitor all offer activity from the convenience of one website.
Compare offers from multiple lenders, select the offer that best meets your needs, negotiate final terms, complete due diligence, proceed to closing, and get paid. IT'S THAT SIMPLE!
Benefits Include But Are Not Limited To:
How It Works
Simply Complete Questionnaire & Import Loans
Lenders are notified once you have published your portfolio and it is available for offers.
Monitor & Compare Offers With Multiple Lenders From One Website
You are notified via email every time a new offer is received.
Negotiate Directly With Lenders Instantly Online via the SellYourBulk.com Interactive Portal
Lenders can accept your counter offer or submit a final revised offer back to your dealership.
Offer Accepted! Work Directly With The Lender To Proceed To Closing!
Once you and a lender have come to an agreement and either party has accepted an offer you will work directly together throughout the due diligence process. Once an offer is accepted you will be directed to the Purchase Recap page detailing the next steps to take as you work together to close fast. SellYourBulk.com works with both the dealership and the lender to ensure a smooth transaction.
Programs Available via SellYourBulk.com
These Are Programs That Lenders On The SellYourBulk.com Platform Offer
Bulk Purchasing Program
Some Lenders Prefer At Least 10 Loans WIth a Minimum Remaining Principal Balance of $25,000.00. Most Lenders Prefer At Least 60 Days Aging. Some Lenders Will Have Restrictions & Therefore May Not Submit An Offer On Certain Makes or Units Over 12 Years Old at Time of Sale or With Over 150,000 Miles at Time of Sale. Some Lenders Will Not Make Offers On Any Loans With More Than 36 Months Remaining Term. Some Lenders Are More Lenient & Will Look At Any Loan Less Than 30 Days Past Due. Most Lenders Prefer Monthly Payment Frequencies.
Lenders that are available via SellYourBulk.com all have differing programs, requirements, and due diligence processes so there may be times when certain lenders choose not to submit an offer on a portfolio due to certain criteria not being met or being outside of their allowable guidelines. Aside from those instances, generally most lenders are willing to and want to see portfolios that may not meet their typical guidelines therefore we elect not to restrict any portfolios.
Payment Interval / Stream / Strip Purchase
Get The Cash Injection You Need Without Giving Up Ownership Of Your Auto Loan Portfolio!
Why Lenders Choose SellYourBulk.com
If you're like most lenders you need a way to expand your reach and increase your
access to auto loan portfolios for sale without increasing your acquisitions costs.
Why Sales Agents Choose SellYourBulk.com
Looking For An Additional Revenue Source?
We're looking for individuals that are in unique positions currently within the automotive industry whereas these individuals meet with multiple dealerships each and every day.
Successful candidates currently offer GAP, GPS, Extended Service Contracts, Financing, Advertising, or other services to automotive dealerships that provide in-house financing for their customers.
If you work with dealerships that do in-house or buy-here pay-here financing our method could provide you with additional income without doing anything differently than you're already doing.
A Great Product To Offer Your Clients!
Want More Information?
Complete the contact form below and a representative will contact you.
Will our offers, processes, business information, and other data be kept private and secure?
SellYourBulk.com provides a secure online platform allowing users to share information and transact business. All users (Buyers, Sellers, Independent Agents) are pre-screened and pre-qualified before being approved and granted access. While we do provide buyers with access to information about prospective sellers we do not share any information that could identify any specific customer on any loan within the portfolio. All necessary data required to price the portfolio and make an offer will be made available.
What are the costs associated with using SellYourBulk.com?
Dealers pay nothing. At closing, lenders (Buyers) pay a fee based on the principal amount of the final purchase.
What type of loans can be posted?
SellYourBulk.com does not have any requirements but many lenders will only make offers on portfolios that meet the following criteria:
Lenders prefer at least 10 accounts within the bulk portfolio but there is no minimum number of accounts
Accounts must be aged at least 30 days (must have made at least 1 month of regularly scheduled payments excluding pick-up payments)
No accounts more than 20 days past due at time of export
There must be less than 36 months remaining term on each account
What if I decide not to sell my portfolio?
There is no obligation to sell your receivables to any of the lenders that provide an offer unless you accept an offer and agree to terms of offer.
Why should I use your service instead of submitting my bulk to the lenders myself?
Submitting your bulk and tracking your offers can be both time consuming and cumbersome while absorbing valuable time you could be spending on growing and running your business. With SellYourBulk.com you submit your portfolio once and multiple lenders are alerted and all of your offers are returned to one place making it far more efficient for you to manage the process. Ultimately, this allows you to spend your time on what really matters and that is growing your business.
Approximately how much will I get for my receivables? What percentage of principal and what percentage of gross?
Each lender has their own methods, pricing strategies, processes and due diligence but most typically price bulk portfolios based on a variety of factors such as:
Balance in relation to current wholesale value
Remaining term and aging of the loan
Payment history / Delinquency history
Underwriting parameters initially used to approve loan
Year, Mileage, and Collateral type securing contract
GPS or Starter Interrupt Devices are included
How long seller has been in business
Why seller is looking to sell
If seller has sold previously
SellYourBulk.com was founded by a subprime auto industry veteran with over 18 years experience. Launched in 2015, SellYourBulk.com focuses on providing automotive dealerships and smaller finance companies with direct access to multiple lenders competing to buy their auto loan portfolios.
Our founder and President has worked directly with thousands of automotive dealerships across the country over the past 18 years. During that time, on almost a daily occurrence and regardless of what part of the country he was visiting at least one dealership per day asked if he purchased bulk receivables or auto loan portfolios.
Being that the lenders he represented did not purchase anything other than point-of-sale he noticed that many dealers didn't know where to go or what to do when trying to sell their auto loan portfolios. Noticing that this exact situation was occurring all across the country for many sales representatives that deal with dealerships he noticed a need for dealers to be able to locate more lenders and for sales agents to have a means to assist their customers with placing their portfolios for sale.
Working for lenders also provided our founder & President with the unique perspective from a lender's point of view. He understood the costs associated with acquiring portfolios as well as the challenges facing many lenders in terms of locating available portfolios for sale.
Having noticed the impact that credit application submission platforms have had on the point-of-sale industry he decided to develop and build an online portal for submitting auto loan portfolios to multiple lenders similar to the way that dealers submit point-of-sale credit applications to lenders.
Having originally founded SellYourBulk.com in 2009 our founder decided the timing wasn't right to launch the company so it was put on the back burner until the timing was right. In early 2015 our founder decided the time was right as the point-of-sale segment begins to see a tightening of lending guidelines and requirements many dealerships are noticing the need for in-house financing is growing and our founder and President believes that this trend will continue and that this presents SellYourBulk.com with the perfect timing to enter the market place.
SellYourBulk.com assists dealerships by providing them with direct access to more lenders for their auto loan portfolios, assists lenders by providing them access to more portfolios for sale, and assists sales agents by creating a method that will allow them to offer this product to their customers thus creating an additonal income source from opportunities they've missed in the past.
Our goal is to identify needs and deliver solutions while focusing on providing a product that enhances business processes, reduces costs, and increases profitability for each of our clients. We want to streamline the process of buying and selling auto loan portfolios by providing dealers, lenders, and sales agents with one website to monitor and manage all of their auto loan portfolio activity. We will continually strive to build our product around our customers needs while systematically developing our platform based on customer feedback for the benefit of our customers.
Leadership & Management
SellYourBulk.com is led by its founder and President, Randy Spradlin. Randy has over 18 years experience in Indirect Auto Lending. Prior to founding SellYourBulk.com in 2015 he served 6 years with MarkOne Holdings as the VP of Sales & Marketing and was responsible for managing the day to day sales and marketing operations for MarkOne Financial, Centrus Auto Finance and WestMark Auto Finance. Responsibilities included new market development, recruiting, training and development of Dealer Account Managers, meeting targeted sales and production objectives, analyzing performance results and trends, maintaining and meeting budget requirements, and implementing effective marketing strategies to meet growth, productivity and operational expectations.
Prior to joining MarkOne Holdings, he served 8 years with Westlake Financial Services as Regional Dealer Account Manager in Alabama, Florida, Georgia and Tennessee. In addition, Randy spent 2 years with Heritage Funding Group as Chief Operations Officer and managed all aspects of the company's operations and was responsible for overseeing the Company’s expansion into new markets in both operational and sales roles. Randy’s career in sub-prime automotive finance began in 1997 with Automotive Capital Company, where he managed several departments including Collections, Recovery and Sales.