Hampden Group, Inc. Launches Pre-Paid Motors, an Innovative and First to Market Sub-Prime Vehicle Finance Program

New Website Debuts: http://www.prepaidmotors.com

MESA, Ariz., Nov. 9 -- Hampden Group, Inc. today announced it has launched a new and innovative concept for the sub-prime vehicle finance market. Hampden Group, Inc. debuts PrePaidMotors.com with the goal to be first to market with this new program that has been successful for the furniture and electronics market. PrePaidMotors.com focuses on customers with less than desirable credit. PrePaidMotors.com will finance cars, trucks or SUVs without doing a credit check.

Hampden Group, Inc. has recently changed its business model to focus on the $20 Billion vehicle sub-prime finance market. What makes this program unique is that PrePaidMotors.com uses the infrastructure of already existing auto dealerships and focuses on sales and finance. Dealers that sign up for this program have an advantage to offer additional vehicle inventory to customers. The biggest advantage of this program for dealerships is that it allows them to finance almost anyone. About 20% of finance applications processed are declined. For that reason, a new program is needed to fill this niche market. "The prepaid and rent-to-own program has worked for furniture and electronics with tremendous success, so then why not automobiles?" said Michael Raburn, CEO of Hampden Group, Inc.

What makes this sub-prime finance program different is that it uses new GPS tracking technology in every vehicle. This new technology allows Hampden Group, Inc. to not only track the vehicle but monitor maintenance, location and even disconnect the vehicle from starting if payment is late. This new program changes the way customers view auto loans. Just like a utility payment, if it is delinquent, service is disconnected. The new GPS technology used in each car has the same effect. If payment is late, service is discontinued. Customers can make payment via the Internet, Western Union or at the company's locations. The vehicle starter can be enabled via the Internet once payment is brought current. The company is now accepting finance applications at http://www.prepaidmotors.com/.

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