AFC - Automotive Finance Corp

Automotive Finance Corporation (AFC), a business unit of KAR Auction Services, has inventory finance product offering options for commercial truck dealers. AFC has offered financing solutions for independent dealers’ vehicle purchases since 1987 but recently introduced a solution to better meet the needs of commercial and heavy duty truck dealers looking to finance their used inventory. A key feature of AFC’s commercial truck inventory financing includes no restrictions on the type of units a dealer can purchase—no make, model, or year constraints. Many providers only finance a dealer’s new truck inventory, however AFC fills the niche for commercial truck dealers seeking financing that better met their used truck purchasing needs. AFC will advance 100 percent of a truck dealer’s auction purchases at more than 1,100 AFC-approved auctions and other inventory sources. AFC’s financing also gives truck resellers the flexibility to finance trades. AFC’s truck financing applies to used commercial trucks of all types, including Class 2-8 units. AFC’s commercial truck inventory financing program is available throughout North America, including both the United States and Canada and is part of AFC’s strategy to find new and better ways to service its dealer customers and enable them to operate more profitably.