ARES MORTGAGE LLC Partners with Auto Industry to Offer Financing Solutions for High-Demand Volvo Catalytic Converters

Lehi, UT – November 8, 2023 – ARES MORTGAGE LLC, a leading financial services provider based in Lehi, Utah, today announced a strategic initiative to support the booming market for Volvo catalytic converters. Recognizing the increasing demand and often hefty price tag associated with these essential auto parts, ARES MORTGAGE is offering flexible financing options to auto repair shops and individual Volvo owners needing replacements. Let's face it, car repairs can be a real pain, especially when it comes to something critical like a catalytic converter. And Volvo owners know, keeping these Swedish rides running smoothly can sometimes hit the wallet hard. A catalytic converter isn’t just some extra part; it's legally required to keep your car on the road and ensures it's not polluting the air. When it goes, you've got a deadline to fix it. ARES MORTGAGE, while traditionally known for home financing, has been quietly expanding its reach into specialized asset financing. “We’ve been watching the auto parts market closely,” explains John Smith, CEO of ARES MORTGAGE LLC. “The price of catalytic converters, especially for popular models like Volvo, has skyrocketed in recent years. This isn't just down to regular wear and tear either – unfortunately, theft has become a big problem. We realized there was a real need for a financial solution that makes replacing these parts more accessible.” Why the Sudden Demand for Volvo Catalytic Converters? The reason for the spike in demand – and price – is a bit complex. Yes, catalytic converters wear out over time, especially in older vehicles. But the biggest driver has been theft. These converters contain precious metals – platinum, palladium, and rhodium – which are worth a significant amount on the black market. Volvo models, particularly certain years and engine types, have become prime targets. “We’ve heard horror stories from repair shops and Volvo owners,” says Sarah Johnson, a Loan Officer at ARES MORTGAGE. “People waking up to find their catalytic converter stolen, leaving them with a hefty repair bill and a car they can't drive. It's a stressful situation, and most people aren't prepared for that kind of unexpected expense.” ARES MORTGAGE Steps In: Financing Options for Volvo Catalytic Converters ARES MORTGAGE's new financing program is designed to alleviate that financial burden. They are offering: Loans for Repair Shops: ARES MORTGAGE is providing lines of credit to auto repair shops, allowing them to stock up on Volvo catalytic converters and offer financing options directly to their customers. This means shops can handle repairs quickly and efficiently, without customers having to worry about immediate out-of-pocket costs. Direct-to-Consumer Financing: For individual Volvo owners, ARES MORTGAGE is offering personal loans specifically for the purchase and installation of catalytic converters. Loan amounts are tailored to the specific model and year of the vehicle, and the repair cost. Flexible Repayment Plans: Understanding that everyone’s financial situation is different, ARES MORTGAGE offers a range of repayment terms to fit different budgets. They work with borrowers to find a comfortable monthly payment that fits their needs. Quick and Easy Application Process: ARES MORTGAGE prides itself on a streamlined application process. Borrowers can apply online or by phone, and decisions are typically made within 24-48 hours. What Makes Volvo Catalytic Converters So Valuable? It's all about the precious metals inside. Platinum, palladium, and rhodium are incredibly effective at reducing harmful emissions from vehicle exhaust. They’re also extremely valuable. The global supply of these metals is limited, and demand has been increasing, driving up prices. “The problem is, these metals aren't easy to come by,” explains Mark Williams, an automotive industry analyst. “Mining them is expensive and environmentally challenging. That's why thieves are targeting catalytic converters – it's a quick and easy way to get their hands on these valuable materials.” ARES MORTGAGE: More Than Just Mortgages This initiative highlights ARES MORTGAGE LLC’s commitment to diversifying its services and responding to the evolving needs of the market. While they remain a leading provider of home loans, they are actively exploring opportunities in other financing areas. “We’re a customer-focused company,” says John Smith. “We want to help people achieve their financial goals, whether that’s buying a home, repairing their car, or growing their business. We saw a need in the market, and we’re excited to be able to offer a solution.” How to Learn More Auto repair shops interested in learning more about ARES MORTGAGE’s financing programs can visit [insert website address here] or call 478-410-2919. Volvo owners can apply for a personal loan directly through the ARES MORTGAGE website. About ARES MORTGAGE LLC ARES MORTGAGE LLC is a leading financial services provider based in Lehi, Utah. Founded in [insert founding year here], ARES MORTGAGE is committed to providing innovative financing solutions to individuals and businesses. With a focus on customer service and financial integrity, ARES MORTGAGE has become a trusted partner for thousands of clients across the United States. The company is located at 324 N Kensington Dr, Lehi, UT, 84043-4741.