FORT LAUDERDALE, Fla. — Southern Auto Finance Company (SAFCo), a nonprime finance source based there, announced its expansion into the Illinois, Indiana, Michigan and Ohio markets. With these additions, SAFCo now services more than 2,000 auto dealerships in nine different states.
SAFCo specializes in hard-to-finance transactions, servicing more than 40,000 credit-challenged borrowers. Its focus is to help them reestablish their credit.
“Partnering with new dealers in these Midwest markets to provide financing for consumers with typical FICO scores between 430 and 620 further strengthens SAFCo’s long-term growth strategy,” said Brian Switalski, company president.
SAFCo’s indirect lending services can be accessed through the DealerTrack and ROuteOne credit application platforms.