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Special Finance Insider
May 26, 2010
National Auto Finance Company Keeps Profits In High Gear Using Web-based Spreadsheet Solution
CAR Financial Services, Inc. (CAR), a division of CompuCredit, is one of the nation’s premier sources of independent automotive dealership financing. Based in suburban Atlanta, CAR specializes in purchasing or financing all or part of a dealer’s loan portfolio, providing the dealership liquidity. Over 2,000 auto dealers nationwide work with CAR regularly. ... Read full article on the Accounting Today magazine
Dealers who wish to finance with CAR typically negotiate on a per-sale basis. Daily fluctuations in market conditions require frequent changes to CAR’s loan terms, which must then be relayed by CAR to its customer base. These two factors result in back-and-forth communication between finance company and borrower; until recently, such missives were sent by fax, producing paper-based communications throughout the business day.
