New Subprime Auto Lender enters the market
by Steve Cypher on Friday, July 25th, 2008If you are currently living in Texas, your new car dealer now has a new lender for bad credit car loans.
Keeping our customers informed
Here at Auto Credit Express, we know that you’ve been hearing a lot of doom and gloom come out of the auto lending industry recently. But in spite of market conditions, a new subprime auto lender has entered the marketplace with a familiar management team.
Management team has plenty of subprime experience
In a move that might appear to be swimming upstream in the current subprime auto environment, the management team that built Drive Financial Services is on the road again. The name of their new company is Inspire Auto Finance.
After the sale of Drive to Spanish bank group Santander, the four principals of the new company, including Drive founder Thomas Brower, got together to examine how the subprime auto business model could be improved. The result is Inspire, which, according to the Dallas Business Journal, made its first loan in June.
What this means to bad credit car customers
Even though a few bad credit car lenders are taking themselves out of the game, auto lending, especially bad credit auto lending, is a growing segment of the financial industry. With Inspire Auto Finance, dealers in Texas now have yet another source for car loans for credit challenged customers.
Auto Credit Express can help you find those dealers
Here at Auto Credit Express, we specialize in placing customers with bad credit with dealers that can help them. Our affiliate dealers are knowledgeable and will treat you with the same high respect that they treat every customer that walks through their doors. If you have any questions that our web site can’t answer, feel free to call us at the toll free number listed there. Our specialists have all had experience in subprime auto financing and will be glad to answer your questions. You can then fill out our car loan credit application and begin the process.
