CAR is committed to leading the Sub-Prime Automotive Finance Industry through the development and delivery of an innovative series of financial products and services designed to create and maintain customer value. CAR Financial Services, Inc. ("CAR") services both independent automotive dealers and automotive sub-prime financial organizations.
CAR has a national geographic footprint, as we can operate in 47 States and we continually evolve our programs to meet the ever-changing needs of those we serve. Our strengths lie with our experienced and professional employees, our dedication to technology and a tradition of over 25 years of quality service.
CAR has a national geographic footprint, as we can operate in 47 States and we continually evolve our programs to meet the ever-changing needs of those we serve. Our strengths lie with our experienced and professional employees, our dedication to technology and a tradition of over 25 years of quality service.
Services
Why let someone else tell you who to sell and who to let walk? Make more money by making those good underwriting decisions yourself, aging the notes and then selling them later to make all the money! Are you looking to sell some or all of your BH/PH receivables? We serve dealers in 46 states and can purchase any size portfolio of BH/PH receivables.
Since there is no retail sales agreement, income earned on the lease contract may be treated differently than a sale (consult with your accountant). GPS and tracking devices are no problem. In case of customer default, you retain that ability to know the vehicle location (proper disclosure required).
CAR Financial Services has Floor Plan financing available for select independent Buy Here Pay Here dealers. The CAR Financial Services Floor Plan provides a dealer with a line of credit customized for their needs in order to buy inventory and keep business moving. CAR Financial Services has focused the floor plan product specifically on the needs of the sub-prime and BHPH dealer market.
Our Aged Pay Share (APS) program allows dealers with aged receivables to generate an upfront infusion of capital without giving up all of their monthly cash flow needed for operations. As the portfolio continues to perform, dealers using APS will continue to receive their portion of customer collected payments.
CAR Financial Services provides payment processing and account servicing for third-party companies such as dealerships, finance companies, banks, and investment companies who hold or have acquired non-or sub-prime auto receivables. Provides dealers with experienced and stable servicing resource so they can focus on increasing sales!.
Reviews (6)
Phoenix Motors Of Raleigh Nc Inc
Jun 15, 2021
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Shumaine Mccloud
Oct 06, 2020
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After the company I purchased by loan from, sold my loan to Car Financial I received repeated phone calls about a missing payment which I paid to the original loan holder. I was told my account was delinquent. It took two weeks of numerous phone calls to the original loan holder and Car Financial before this was corrected. I really regret the day Car Financial purchased my loan. I never missed a month paying my car note. They have the rudest consumer service staff. Car Financial is not Accredited by the Better Business Bureau. That is a big red flag to avoid doing business with this company.
Angelina Castrellon
Jan 29, 2020
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The entire staff and company is horrible. There is no communication in regards to their customer’s account. Their attitudes with some of the staf had ruined me even wanting to attempt to call them back. Some have concern and consideration and other truly make you never want to deal with them ever again. My account was transferred to them when the company I purchased my vehicle decided to shut down because them themselves where crooked. Then trying to deal with them about payments and wanting to pay in full once my money came in but they decided to come get my car and drag it out my driveway,
Angie
Oct 14, 2019
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This is a company you don't want to deal with. They are RUDE and will add fees right at the end of my payment. Holding my title over less then 6 dollars. I sent my last payment in on time $3.01 more then what I suppose to send. Because we had a storm in the area they attach another fee. But, Ruby was about to tell me what my balance was before she suppose have open the letter. Never again
Amber Massey
Aug 13, 2019
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Amber Massey
Aug 16, 2018
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The worst finacial services ever. They bought my account in April and never made me aware of this then i miss 1 payment bc of all the confusion on who to pay...and they disabled my car for 5 days without even calling for a heads up. The staff is rude as hell and dont know anything. The worst experience ever
