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CarFinance Capital Renews, Increases Credit Facility to $300MM

April 01, 2013, 01:26 PM

CarFinance Capital LLC announced that it has renewed and increased its warehouse credit facility from $200 to $300 million. The increased credit line, which is provided by Deutsche Bank and Credit Suisse, further bolsters the company's ongoing mission of helping the growing population of credit-challenged car buyers, who account for over 43% of all car loans.

"There is now a growing population in the U.S. of below-prime consumers who have been negatively impacted by the recession but who, as the economy improves, are getting back on their feet and looking to purchase a vehicle. We are dedicated to serving this consumer," said CarFinance Capital President and CEO Jim Landy. "Securing this $300 million warehouse facility enables us to further expand the reach of our services, through both our over 2,000 dealer partners and, our direct lending website."

CarFinance Capital LLC helps credit-challenged auto shoppers secure financing through partnerships with franchised auto dealers and through its direct lending site,

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