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Captive Finance Company |
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Captive finance company A company, usually a subsidiary that is wholly owned, whose main function is financing consumer purchases from the parent company. Captive Finance Company A subsidiary financial institution whose primary or sole operation is the provision of credit for customers of the parent company. For example, a captive finance company owned by a dental corporation may make loans for the expensive dental services. Captive finance companies have historically been prominent in the automotive industry, easing the purchase of cars from whichever company owns them. Captive finance companies are typically wholly owned subsidiaries. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Deere's captive finance company is also doing nicely - it showed a revenue increase of 11 percent and broke into the billion-dollar club in 1991 with revenues of $1. VCI, a captive finance company, services Volkswagen, Audi and Bentley customers, authorized automotive dealers and their affiliated stores as Volkswagen Credit, Audi Financial Services and Bentley Financial Services. Nissan's captive finance company in the United States. |
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