Printer Friendly
The Free Dictionary
988,298,204 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Captive Finance Company

   Also found in: Dictionary/thesaurus 0.42 sec.
Captive Finance Company
A subsidiary whose purpose is to provide financing to customers buying the parent company's product.

Notes:
The captive finance company is usually wholly owned by the parent company. Although there are numerous examples of these, the best ones occur in the automotive industry. Each of the "big three" automakers has a captive finance company. General Motors has General Motors Acceptance Corporation (GMAC), Daimler Chrysler has Chrysler Financial, and the Ford Motor Company has Ford Motor Credit Company (FMCC).

Captive finance company
A company, usually a subsidiary that is wholly owned, whose main function is financing consumer purchases from the parent company.
?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in ? References in periodicals archive
No references found
 
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.
Despite Deere's downturn, regular dividend paid by Nesbitt, Scott / Implement & Tractor
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.
VW Credit, Inc. Chooses Watchfire's AppScan(R) to Lock Down Web ... by Business Wire
Nissan's captive finance company in the United States.
Nissan Announces New Light Commercial Vehicle Division by Business Wire
More results
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.