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Motor Acceptance Company, LLC
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A wholly-owned subsidiary of Motor Acceptance Company, LLC (MAC), Motor Funding Services, LLC (MFS) provides the comprehensive technology platform that underpins MAC's service delivery to OEM's, Dealers, and Dealer Groups. Built on the end-to-end backbone of FIS (NYSE: FIS) AutoSuite®—which holds over $500B in automotive financing, covering 35M vehicles, and representing 70% of the automotive finance/lease market—MFS is structured to deliver the premier technology platform essential to MAC's ability to help clients capitalize on the explosive growth pre-owned automotive leasing represents. The MFS platform equips MAC to provide such first-to-market offerings to the automotive industry as:• BACKSTOP Program: designed to enable OEM's and their dealer networks to optimize their comprehensive vehicle portfolios.• Refinancing and End-of-Term Lease Extension Program: enables consumers who purchased or leased vehicles at higher than current interest rate/money factor to refinance and/or re-lease at a more competitive price.• P2P Leasing Platform: delivers an online marketplace for consumer-to-consumer automotive lease trades. This is a 100% open market with a high barrier for competitors that is completely mitigated for MAC due to the backbone and global reach of MFS via our relationship with FIS.• Bank and Credit Union Program: allows the capture of additional loan volume from current customers/members with MAC providing the lease origination, servicing, and EOT resources traditionally outside the expertise of smaller banks and Credit Unions.• Retail Program: leverages MAC's partnership with Cox/Manheim to hold vehicles free-of-charge at their 84 locations for refurbishment and eventual remarketing through their retail relationships as well as our growing dealer networks.