Overview
AFC
Automotive Finance Corp. (AFC) is where auto dealers go to make a deal. The firm finances floor planning, or inventory purchases, for independent used car dealers that buy vehicles from sister company ADESA Auctions, as well as independent auctions, auctions affiliated with other networks, and non-auction purchases. Through more than 80 North American offices (about half of which are located at ADESA sites) AFC provides short-term (30- to 60-day)
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Read More loans; it sells most of its finance receivables to subsidiary, AFC Funding Corp., which then sells them to a bank conduit facility. Proceeds from the revolving sale of receivables are used to fund new loans. AFC is a subsidiary of KAR Auction Services.
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Read More loans; it sells most of its finance receivables to subsidiary, AFC Funding Corp., which then sells them to a bank conduit facility. Proceeds from the revolving sale of receivables are used to fund new loans. AFC is a subsidiary of KAR Auction Services.
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DONALD S GOTTWALD
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Nondepository Credit Intermediation
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Credit Intermediation and Related Activities
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Finance and Insurance
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Short-term business credit institutions, except agricultural
Activities Related to Credit Intermediation
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Agencies, Brokerages, and Other Insurance Related Activities
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Depository Credit Intermediation
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Insurance Carriers
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Insurance and Employee Benefit Funds
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Monetary Authorities-Central Bank
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Other Financial Investment Activities
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Other Investment Pools and Funds
View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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Contacts
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