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.
References in periodicals archive ?
caps a six month development process required to build the infrastructure and all related operational aspects of a captive finance company.
Immediately preceding that, he was vice president-Finance and chief financial officer of Volvo's North American captive finance company, Volvo Finance North America, Inc.
Navigator is located in Atlanta, Georgia, and owns and operates eight independent automobile dealerships ("Navigator Dealer Group LLC") and a captive finance company ("Navigator Acceptance LLC").
If there was ever a time to come to the aid of a neighbor, now is it," said Jeff Edwards, vice president at Nissan Motor Acceptance Corporation (NMAC) Dallas, Nissan's captive finance company which has its customer center in Dallas.
The company ranks as the 5th largest captive finance company in the U.
HMFC, a captive finance company, joins an expanding group of lenders linked to the Web-based platform -- both to accelerate the entire dealer-to-lender relationship and to enhance the level of service and responsiveness provided to dealer customers.
We're working together with our captive finance company MMCA to provide the most innovative financial opportunities for both consumers and our dealers," said Kevin Ormes, group vice president of sales and marketing for Mitsubishi Motor Sales of America, Inc.
One initiative was management's decision to exit the manufactured housing (MH) finance market and reposition BC as purely a captive finance company.
is a subsidiary of Mercedes-Benz Credit Corporation, a member of Daimler-Benz InterServices and the captive finance company for the Daimler-Benz Group in North America with assets of more than US$8 billion.
He continues, "The addition of US Coach to the Universal Express family of companies results in multiple benefits to both entities by providing a public vehicle for manufacturing development capital during the recovery of the industry while presenting the footprint to establish a captive finance company under the USXP Capital umbrella.
CFI), the captive finance company operated by Carpenter Manufacturing.
The most important initiative was management's decision to exit the manufactured housing finance market and reposition BC as purely a captive finance company.