"The prepaid and rent-to-own program has worked for furniture and electronics with tremendous success, so then why not automobiles?"
Michael Raburn, CEO of Hampden Group, Inc.

Chandler, Arizona based Hampden Group, Inc. has entered the sub-prime vehicle finance market with the launch of PrePaidMotors.com. PrePaidMotors.com focuses on customers with less than desirable credit and finances cars, trucks or SUVs with no credit check. (Hampden Group Pink Sheet)

Hampden Group, Inc. has recently changed its business model to focus on the $20 Billion vehicle sub-prime finance market. PrePaidMotors.com plans to use the infrastructure of already existing auto dealerships. About 20% of finance applications processed are declined. "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.

Hampden's program uses GPS tracking technology in every vehicle. This technology allows Hampden Group, Inc. to track the vehicle, monitor maintenance, location and even disconnect the vehicle from starting if payment is late. 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.