Cars on Credit is a privately-held boutique lender. We lease vehicles to consumers in Ontario through new and used vehicles retailers. We currently service over 200 dealers province-wide with a portfolio in excess of $10,000,000.00.
Cars on Credit has completed four fiscal years of business and maintains a 2:1 asset to liability ratio. The company is well-funded and expects to grow exponentially over the next three years.
We recognize the benefit of partnerships and have capitalized on a few key strategic alliances over the last year. On January 2nd 2012 we launched a three year exclusive partnership with Lease Busters Inc. Together we are providing our dealer partners the opportunity to market their used car inventory.
Cars on Credit has also been endorsed as Co-Autos Subprime lender of choice. In the fall of 2011, Co-Auto, a dealership owned organization supporting over 1200 dealers in Ontario, requested that we align ourselves with them as their credible subprime lender of choice.
As we move forward with continued growth and success we will continue to look for partnerships with industry related organizations that will add value to our dealers.
In the fall of 2011, Cars on Credit purchased a software program that has been designed to support our dealer partners in working with clients requested monthly payments. This software houses the entire used car inventory for each dealership and calculates payments based on all levels of credit, prime to subprime. The program, now titled Payment.Inventory.Match aka P.I.M. significantly reduces the time it traditionally takes to calculate a payment. P.I.M has been fully integrated with Canadian Black Book pricing as an additional value-add for our dealers. P.I.M. calculates payments on the housed inventory specific to whatever credit category the customer falls under. It is an industry-leading tool and is provided at no cost to our current dealer partners. Contact us today to find out more about how this program could be of benefit to you and your organization.
Cars on Credit is always looking to acquire additional dealer partners to assist in the growth and success of our company. If you are looking to support your dealership and finance department with an additional lender that will assist you in delivering more cars and satisfying more customers, please contact our sales team today. We look forward to doing business with you!