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SRCO is the only nationwide, independent financial services company in the U.S. exclusively dedicated to the powersports industry.
More than any other lender, SRCO is committed to providing dealers and their customers with the best financing products and services in the marketplace today.
Headquartered in New York City, Sparta Commercial is a financial services company primarily focused on the power-sports industry, with a variety of consumer financing and leasing products, as well as its Municipal Leasing Program which has become a demand item.
‘For the four years ended April 2008, Sparta’s compounded annual growth rate of revenue exceeded 258%. Management has accomplished this in the face of a recessionary economy, tightening credit, housing down turn and an overall decline in discretionary spending.’
Investment Highlights
- Limited Competition. SRCO is the ONLY Financial services company in the U.S. solely dedicated to the Powersports industry.
- Large Market. New U.S. motorcycle retail sales totaled $10.7 billion in 2006. An estimated 1.19M new motorcycles were sold in the U.S in 2006. Motorcycle registrations accounted for 2.6% of all motor vehicles registered for use on public roads in the U.S. in 2005.
- Large Dealer Base. 2,100+ dealer base in 37 States, representing 20% of the target market.
- Big Relationships. Recently formed relationships, including, the largest online auto auction site; eLoan; and, N.A.D.A., resulting in substantial new loan applications.
- Customer Demographic Expansion. Fluctuating fuel costs and increasing environmental concerns are leading to new purchases of motorcycles and scooters for everyday transportation.
- Huge Contract Revenues. Originated Consumer Contracts of $10,800,000 from inception to date; which is projected to be at $20M in fiscal ‘08.
- 15% Market Share. Motorcycle dealers generated 2007 combined annual revenue of $15 billion. Management sees a $2.2 Billion target retail market, Represents the 15% of retail sales not financed by captives, HDFS, GE, etc. Municipal and fleet leasing offers multi-million dollar revenue potential.
SRCO 3 MONTH CHART
SRCO has been trading within the .03 t0 .05 cent range the past few months with many investment opportunities for strategic traders.
There have been no less than 4 +33% gains and a .03 to .05 upward swing in January 2010 alone note volume spike around the beginning of January.
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Sparta finances and leases the following makes:
American Eagle, Honda, TN’G, Aprilia, Independence, Triumph, Arlen Ness, Iron Eagle, Ultra, Big Dog, Italjet, Ural, BMW, Kawasaki, Vespa,
Bourget, Malaguti, Victory, Buell, Moto Guzzi, West Coast, California Custom, Mustang, Choppers, Confederate, MV Agusta, Yamaha,Death Row Norton, DIAMO, Desperado, QLINK, Ducati, Eton, Paramount, Kymco, Orange County, Piaggio, Lambretta, Precision, Thunder, Polaris, Saxon, Fischer, Suzuki, Mountain, Flying Tiger, Swift, Harley Davidson, Titan
SPARTA currently offers three outstanding financing products for new or used motorcycles and select scooters: The SPARTA Flex Lease, the SPARTA Purchase Plus Lease and the Sparta Sport Loan.
SPARTA Flex Lease
With the SPARTA Flex Lease, your customers will almost always have a lower monthly payment than that of a retail installment sales contract on the same vehicle. Plus, they’ve got 4 options at lease end…which no retail installment sales contract offers:
- They can buy the vehicle for the original residual amount;
- They can re-lease the vehicle for an additional limited period;
- They can upgrade to a new vehicle, or
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They can simply turn in the vehicle and walk away with no further obligation assuming there are no outstanding Lease Agreement obligations, other than the residual.
SPARTA Purchase Plus Lease
SPARTA also offers a “Purchase Plus Lease” product that is designed expressly for customers who definitely want to own the vehicle at lease end.
This program normally carries an 11% residual and has an initial term of up to 60 months, making it function similar to a retail installment sales contract. At lease end, the customer can choose whether or not to pay a relatively small agreed upon pre-set and affordable residual balance to complete the purchase of the vehicle.
Sparta Sport Loan
The SPARTA Sport Loan is their traditional retail installment sales contract finance product, but with the same liberal credit criteria that so many dealers want. We developed the SPARTA Sport Loan specifically for those customers who are determined to “own” their vehicle immediately, and because we want our dealer network to have the best choice of financing products from one source…SPARTA.
About Sparta Commercial Services
Sparta Commercial Services is a New York-based, nationwide financial services company dedicated to the powersports industry, offering financing and leasing products to consumers and retail powersports dealers, as well as a variety of commercial products for governmental agencies that require motorcycles and other equipment for law enforcement activities.
Visit SPARTA Commercial Services Inc. (SRCO.OB) for more information at http://www.spartacommercial.com
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Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment (read more) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) has received ten thousand dollars cash and 800,000 free trading shares from a third party (QUEBEC INC.) for 1 week of advertisement services for Sparta Commercial Services Inc. (SRCO.OB)
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