AFS Acceptance Acquires $12M Portfolio From PACCO
AFS Acceptance LLC has acquired the assets and intellectual property of Preferred Automobile Credit Co., the first acquisition the company has made in recent years.
FORT LAUDERDALE, Fla. — AFS Acceptance LLC has acquired the assets and intellectual property of Preferred Automobile Credit Co. (PACCO), a Pennsylvania-based auto finance company.
The $12 million portfolio acquisition is the first for AFS Acceptance LLC in several years. The acquisition gives AFS Acceptance the opportunity to reach out to a new customer base and start new relationships with those dealerships that have been loyal to PACCO over the years.
“We are excited to work with some new dealers and hope to continue the great service PACCO provided to them so they don’t miss a beat,” said Scot Seagrave, executive vice president of AFS Acceptance LLC. “With over 1,000 dealerships in 13 states in their database, we are confident we can generate some new business and, more importantly, make new relationships that will last. Combining our current program with a little of what PACCO offered should be good thing for our dealer partners.”
More F&I
Just Do It
F&I managers need training, but instead of resisting application or expecting perfection, they should improve by simply acting on what they learn.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Leading with Purpose
In this video, Trent White explains how understanding your people’s 'why' is a key leadership responsibility of F&I professionals and how that mindset drives dealership engagement, trust and performance.
Read More →
Integrating Nontraditional F&I Products
The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.
Read More →
Trust Is Personal
Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.
Read More →
Amplify 2026 Billed as Turning Innovation Into Results
Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.
Read More →
Own Your Outcome: F&I in the Digital Customer Journey
Finance has historically been the last step in the car-buying process, but it doesn’t have to be. The customer’s journey starts long before they arrive at the dealership, and so should F&I’s involvement.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Lifetime Battery F&I Product Meant to Drive Dealer Traffic
EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.
Read More →