CARMEL, IN – Automotive Finance Corp., (AFC) a wholly owned subsidiary of ADESA, Inc., and Finance Express, LLC, based in California, announced that AFC has acquired a 15-percent interest in Finance Express. Finance Express operates an online auto finance platform specifically designed for independent used-vehicle dealers.
The dealer management services that Finance Express provides allow independent dealers to match potential retail customers with appropriate consumer finance lenders.
Among the services the Finance Express product provides is the ability for independent dealers to process an online credit application, encouraging financial institutions to become comfortable with used-vehicle dealers and their transactions. It also provides new tools for dealers who don’t currently floorplan with AFC.