Since 1991, Lenders Option Corporation (LOC) has provided unique auto loan programs to increase loan volume and finance income, and to improve the yield and profitability on loan portfolios.

LOC Protection is a risk management program applied to C & D tier loans. The program significantly reduces deficiency balances from repossessions by purchasing repossessed vehicles at higher values than auctions or bids. To further reduce the deficiency balance, LOC provides a principal balance reduction payment.

Super Non-Lease is a balloon loan that allows lenders to compete with dealers’ leases. The program provides borrowers with low monthly payments based on LOC’s residual values for vehicles. At the termination of the loan, borrowers have the option to payoff the loan, refinance the loan with the lender, or turn-in the vehicle for purchase by LOC.