Used Car NewsUsed Car News

Featured News

GWC Tops $350 Million in Claims Paid
GWC Warranty, a provider of vehicle service contracts and related finance and insurance products sol...

Read more

New Auction Bows in Ohio
The doors will open to Ohio’s newest auto auction Friday in Columbus.

Capital City Auto ...

Read more

More Consumers Financing New, Used Vehicles
Experian Automotive says consumers are relying on financing more than ever to buy their next vehicle...

Read more

State Sues Dealer for Unlicensed Operations
A Massachusetts used-car dealer has been sued by the state’s attorney general for allegedly selling ...

Read more

GWC Tops $350 Million in Claims Paid
New Auction Bows in Ohio
More Consumers Financing New, Used Vehicles
State Sues Dealer for Unlicensed Operations

Used Car News | Home

CarFinance Opens New Office

carfinancecapitalCarFinance Capital LLC announced the opening of a new office in Fort Worth, Texas, which is expected to eventually house up to an additional 125 employees.

The company, which has been rapidly expanding its lending services to auto dealers across the country, has funded more than $100 million in auto loans in its first 10 months of business, and is helping more than 1,500 auto dealers.

Launched a year ago, California-based CarFinance Capital provides auto dealers with indirect, less-than-prime lending solutions, as well as first look opportunity on referrals from its consumer direct lending site, CarFinance.com.

The company currently provides lending services to auto dealerships in multiple states. Supporting the company's national expansion, the new Fort Worth office will house CarFinance Capital's portfolio management group and credit staff for the central and eastern time zones.