IRVINE, Calif. — Following a successful rollout in California last month, CarFinance Capital — a new, specialized provider of indirect non-prime auto financing for dealers — is now making its service-oriented program available in Texas.

Led by an experienced team that previously built Triad Financial into one of the largest U.S. auto finance companies, CarFinance Capital intends to have a broad and lasting presence in Texas, which company executives contend is one of the nation's top vehicle markets.

CarFinance believes its team's deep background in partnering with dealerships means the company understands the importance of smoothly facilitating the store sales process, rather than inhibiting it. Executives emphasized that's why the product is designed to eliminate any surprises in credit and/or cashing contracts and to be consistent across the board.

The company went on to mention other loan program benefits include:

—Credit for the mid-market non-prime spectrum with FICO scores ranging from 550 through 675.

—Beyond black and white decisions, CarFinance thinks loan decisions preserve dealer flexibility and negotiating room, offering structuring options on an average approval, ensuring dealers can put together more profitable deals.

—Speed on contract funding side so dealerships get reimbursed fast.

—One-on-one support with customer service experts available to answer questions and provide help.

According to president and chief executive officer Jim Landy, CarFinance is launching at a time when non-prime buyers represent one of the industry's most powerful future growth markets, but dealers still lack the right, specialized lending partners to tackle the vast industry opportunity.

"Just a few weeks after we launched in California, hundreds of dealers and their customers are already benefiting from CarFinance Capital's new, dealer-friendly non-prime auto financing model," Landy stressed.

"Dealers want to work with a provider who offers consistency, flexibility and one-on-one support," he continued. "Our mission is to fill that role and provide premium service to Texas dealers so they can meet the needs of all their customers."

For more details, visit www.carfinancecapital.com.