questions about ami
What is AMI?
Auto Management Inc. (AMI) is the nation's oldest auto loan or lease takeover guarantor. Whether you're looking to take over payments on an existing loan or lease or you're striving to sell a vehicle with a loan or lease you're still making payments on, our AMI Finance Transfer Program© is designed with you in mind.
Who can use AMI?
Sellers: Anyone looking to get out of their auto loan or lease payments early, without having to settle for a low ball cash offer or pay up to thousands in early termination fees on a newly financed vehicle by finding a buyer to take over payments on their original loan or lease. CLICK HERE to see if your vehicle qualifies as available to take over payments.
Buyers: Anyone with stable, verifiable income looking to take over car payments by owner on an original loan or lease with minimal credit requirements and a low down payment. CLICK HERE to view our inventory of vehicles available to take over payments.
How does a loan or lease takeover work?
New vehicles depreciate rapidly during their first few years. For this reason, anyone who needs to exit their auto loan or lease early finds it may cost them thousands to do so or else severely damage their credit. The good news is, newly financed vehicles generally come with financing terms our buyers want to take over payments on. Our AMI Finance Transfer Program© allows vehicle owners to rid themselves of their unwanted payments by finding a buyer to take over payments on their original loan or lease. Auto Management provides the contracts, locates the buyers, and protects the owners' interests from start to finish with our Payment Guarantee.
Is loan or lease takeover legal?
It is not illegal in any state for a vehicle owner to allow the use of their vehicle by another party. It is a violation of all lease agreements and most loan agreements, however, for the vehicle owner to transfer an interest in the vehicle without the permission of the Lessor or Lender. Our AMI Finance Transfer Program© is designed so everyone wins - the buyer, the seller, and the Lienholder. The purpose of our program is to prevent a breach of contract by providing a Payment Guarantee and protecting the interests of all parties involved. In fact, in over 20 years of business and more than 1,000 clients, no Lienholder has ever had a problem with our service.
Is Auto Management a member of the Better Business Bureau?
Auto Management Inc. (AMI) is not an accredited member of the Better Business Bureau, however, AMI is listed under the name of its parent organization AutoManagement.com LLC. and is proud of its rating - SEE HERE.
Is Auto Management listed with Dun & Bradstreet?
Auto Management Inc. (AMI) is listed under the name of its parent organization AutoManagement.com LLC. Its D&B D-U-N-S® Number is 10-083-3555.
I'm from Canada. Can I use Auto Management's service?
Sorry, at this time our AMI Loan or Lease Takeover Program is only available to citizens and residents of the USA.
Return to FAQ's- CLICK HERE
Questions for Sellers- CLICK HERE
Questions for Buyers- CLICK HERE
