CARMEL, IND. -- Automotive Finance Corp., a subsidiary of ADESA Inc., has acquired a 15 percent interest in Finance Express, which operates an online auto finance platform for independent dealers.

Both companies believe that bringing together their respective capabilities should result in a breakthrough for independent auto dealers.

The dealer management services that Finance Express provides allow independent dealers a quick and easy process to match potential retail customers with appropriate consumer finance lenders. It also enables lenders to safely and securely complete the title transfer, lien registration and funding process through a fully licensed escrow company.

The terms of the transaction were not disclosed.

0 Comments