AUSTIN, TX - Innovative Funding Services (IFS), a financing company funding employee purchases of out-of-service fleet vehicles, experienced phenomenal growth over the past year, according to Tim Janssen, president. Last year, IFS relocated operations to a larger facility in Austin to accommodate expansion. Expansion has been necessary to facilitate additional partner opportunities and internal growth of over 33 percent during the last quarter.
IFS, working in conjunction with fleet and remarketing companies, has been expanding their portfolio and helping consumers purchase and finance cars and trucks, while the traditional vehicle loan segment of the market is still somewhat sluggish, according to the company.
Rob McKie, chief operating officer of IFS said, "We are seeing some turbulent times in auto financing. Through a lot of hard work by our team members and partner companies, we have been able to help thousands of consumers obtain loans and service contracts on many desirable pre-owned vehicles. Additionally we work to provide loan decisions within hours and offer up to 100 percent financing for our qualified applicants."
McKie continued, "By working with a network of lenders, our customers benefit from lower interest rates, flexible terms, along with the ability to finance taxes and fees into our transactions. IFS also offers state of the art electronic delivery of documentation to complete the customer experience. We can provide access to both commercial and individual loans."