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MPG Motors

Auto Rent to Own allows people who need a car to get one, no matter their credit, job status or cash on hand. Flexible month to month terms.

  • Stage Full Product Ready
  • Industry Financial Services
  • Location Huntington Beach, CA, USA
  • Currency USD
  • Founded February 2013
  • Employees 7
  • Website mympgmotors.com

Company Summary

MPG Motors offers a Rent to Own (RTO) program for used cars, with an emphasis on customers with bad credit. We also sell cars to customers with all types of credit, but our niche is the our RTO program. We only require a customer have a drivers license and insurance, along with a $700 ($500 one-time membership fee included) to drive away with a car. We pay for any upkeep or maintenance other than gas and tires. Month to month commitment.

Team

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    Gregg E Shanberg
    Director

    Founder/Owner of mortgage banking company for 17 years specializing in subprime loans including writing underwriting guidelines and setting policy.

    Extensive knowledge and experience in subprime underwriting guidelines and requirements.

    Finance manager for local car dealerships. Arranged financing, sold warranties and insurance to buyers. Communicated with banks and finance companies in order to get the loans purchased by these compani

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    Mario Estrada
    Director

    Extensive experience selling and financing cars for buyers with bad credit. Top sales rep for local Toyota dealership for 2 years. Manager of used car lot supervising 10+ sales reps and over 50 car lot. Extensive knowledge and experience in credit grading, credit scoring, and credit enhancement.

Advisors

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    Ross Shanberg, Shanberg-Stafford
    Lawyer
    Unconfirmed
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    Ken Lorin, Lorin and Zweig
    Accountant
    Unconfirmed

Previous Investors

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    Henry Park, Got Mortgage
    Unconfirmed
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    Martin Foigelman, Loanleaders of America
    Unconfirmed
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    Garry Hart, individual
    Unconfirmed