What is Auto Now Financial Services?
Operating as a specialized licensed sales finance entity, Auto Now Financial Services bridges the critical gap between independent automotive retailers and consumer credit requirements. The firm distinguishes itself by offering high-level support and financing flexibility, specifically designed to mitigate the hurdles dealerships encounter when securing rapid, secure loan options for their clientele. Their business model is built upon a foundation of inclusivity, enabling dealerships to offer financing solutions regardless of a customer's credit history, thereby driving transaction velocity and dealership growth.
How much funding has Auto Now Financial Services raised?
Auto Now Financial Services has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Auto Now Financial Services
PPP
Public-Private Partnership
What's next for Auto Now Financial Services?
With this recent influx of capital, Auto Now Financial Services is positioned to scale its dealer financing program and enhance its technological infrastructure for loan processing. The strategic focus will likely shift toward expanding its footprint within the Arizona market and potentially exploring adjacent regional territories. By leveraging this debt financing, the company aims to refine its underwriting agility, ensuring that its partner dealerships maintain a competitive edge in a fluctuating economic environment. Future growth will be predicated on maintaining the high-touch service standards that have defined their reputation while optimizing the efficiency of their credit-decisioning engines.
See full Auto Now Financial Services company page
