FAIRFIELD, CA -Copart is now accepting payments from vehicle buyers through a financing solution supplied by Dealer Services Corporation (DSC), North America’s largest provider of diversified inventory financing for independent dealers, reported Business Wire.
Copart will be accepting financing from buyers utilizing DSC at all 123 Copart salvage auction locations in the U.S.
Copart will work directly with DSC as a financing provider for Copart buyers during the sales process. Copart generates gross auction proceeds in excess of $2 billion annually.
“We are pleased to be working with DSC as a financing source for our customers,” said Willis J. Johnson, founder and CEO of Copart. “Like Copart, DSC is a customer-focused company, which has brought a higher level of service to the industry.”
“Copart is a leader in the remarketing of salvage vehicles,” stated John Fuller, DSC Chief Executive Officer, “and we are very pleased to be working with the company to provide its customers a level of service previously unavailable. By partnering with DSC as a financing source, Copart continues to demonstrate its focus on providing its customers top-notch service and efficiency.”
Founded in 1982, Copart provides vehicle suppliers (primary insurance companies), with a full range of services to process and sell salvage vehicles principally to licensed dismantlers, rebuilders, and used-vehicle dealers. The company offers vehicle suppliers a full range of services which expedites each stage of the salvage vehicle sale process and minimizes administrative and processing costs. Copart currently operates 134 facilities worldwide. The company is listed on the NASDAQ under the symbol CPRT.