A non-banklender. A consumer finance company does not receive deposits, but does make loans to customers for business or personal use. It derives its profits from the interest on these loans. It is also called simply a finance company.
AutoTrakk, LLC, a Montoursville, PA, based consumer finance company, has developed an innovative new program to offer short term leasing (2-3 years) through new car dealers to credit challenged customers on late model used cars.