Sub Prime Lender Finds Liquidity

In July Navigator Acceptance completed two sale transactions, of consumer loans, in a market where getting a deal done is at best challenging. According to Navigator’s President Bobby Lazenby, Navigator will, from time to time, continue to pursue select sales of their high quality independent automobile installment contracts. Navigator’s loans are originated directly from the group’s (Navigator Dealer Group) eight dealerships located throughout the states of Georgia and Indiana. Navigator Dealer Group continues to be a dominant player with annual sales expected to hit $70mm for 2009. According to Lazenby “Navigator Acceptance owns and services in excess of $70mm in automobile backed installment contracts”.