Exeter Finance is a finance company that specializes in providing auto loans to individuals with subprime credit scores. The company was founded in 2006 and is headquartered in Irving, Texas. Exeter Finance has a presence in more than 50 states in the United States, providing financing for both new and used vehicles. In this article, we’ll take a closer look at Exeter Finance, its history, services, and how it can help individuals in need of auto financing.
History of Exeter Finance
Exeter Finance was founded in 2006 with the goal of providing auto financing to individuals with subprime credit scores. The company has grown significantly since then and is now one of the leading auto finance companies in the United States. In 2011, the company was acquired by Blackstone, a global investment firm. With this acquisition, Exeter Finance was able to expand its services and reach more customers across the country.
Services Offered by Exeter Finance
Exeter Finance specializes in providing subprime auto loans to individuals with credit scores that are lower than what traditional lenders require. In addition to auto loans, Exeter Finance also offers refinancing options for individuals who already have auto loans and want to lower their monthly payments or interest rates. The company also provides online account management, allowing customers to make payments, view their account information, and manage their loan online.
Subprime Auto Loans
Exeter Finance’s primary service is providing subprime auto loans to individuals who have credit scores below 600. The company works with a network of dealerships across the country to help individuals purchase new or used vehicles. The loan terms and interest rates vary based on a number of factors, including credit score, income, and the type of vehicle being financed.
Refinancing Options
Exeter Finance also offers refinancing options for individuals who already have auto loans. Refinancing can help individuals lower their monthly payments or interest rates, which can save them money over the life of the loan. Exeter Finance’s refinancing options are available for both new and used vehicles.
Online Account Management
Exeter Finance provides online account management, allowing customers to make payments, view their account information, and manage their loan online. This service is available 24/7, making it convenient for customers to manage their loan whenever they need to.
The Exeter Finance Application Process
The application process for an Exeter Finance auto loan is simple and straightforward. It involves three main steps: prequalification, application, and approval.
Prequalification
The first step in the application process is prequalification. This involves filling out a short form online or at a participating dealership. The form asks for basic information, including your name, address, and income. Based on this information, Exeter Finance will determine if you prequalify for a loan.
Application
If you prequalify for a loan, the next step is to fill out a full application. This involves providing more detailed information about your income, employment history , and other personal and financial information. You will also need to provide information about the vehicle you wish to purchase, including the make, model, and year. You can complete the application online or at a participating dealership.
Approval
Once you have submitted your application, Exeter Finance will review it and make a decision on whether or not to approve your loan. If your loan is approved, Exeter Finance will work with the dealership to finalize the loan and complete the purchase of your vehicle.
Exeter Finance Address and phone number
1. Address: 3rd Floor, The Senate, Southernhay Gardens, Exeter EX1 1UG, United Kingdom
Phone: +44 1392 267272
2. Address: 3885 Crestwood Pkwy NW # 530, Duluth, GA 30096, United States
Phone: +1 800-321-9637
3. Address: 3 Summit Park Dr # 610, Independence, OH 44131, United States
Phone: +1 216-236-7905
4. Address: 1750 Elm St, Manchester, NH 03104, United States
Phone: +1 603-657-9755
5. Address: 2250 W John Carpenter Fwy #100, Irving, TX 75063, United States
Phone: +1 877-633-4757
6. Address: 535 NJ-38, Cherry Hill, NJ 08002, United States
Located in: Cherry Tree Corporate Center
Phone: +1 856-254-0867
7. Address: 502 Earth City Expy, St. Louis, MO 63141, United States
Located in: Plaza 1 Office Center
Phone: +1 314-219-7207
8. Address: 303 S Broadway, Tarrytown, NY 10591, United States
Phone: +1 914-407-1217
9. Address: 7001 N Scottsdale Rd #1055, Scottsdale, AZ 85253, United States
Located in: Seville Shopping Center
10. Address: 18 Division St, Saratoga Springs, NY 12866, United States
Phone: +1 518-290-3075
Benefits of Choosing Exeter Finance
There are several benefits to choosing Exeter Finance for your auto financing needs. Here are a few:
Flexible Loan Terms
Exeter Finance offers flexible loan terms, allowing you to choose the length of your loan and your monthly payments based on your budget and financial situation.
Personalized Service
Exeter Finance provides personalized service to its customers, working with you to find the best financing options for your needs. The company’s customer service representatives are knowledgeable and friendly, making the process of getting an auto loan as stress-free as possible.
Online Account Management
Exeter Finance’s online account management system makes it easy to manage your loan and make payments. You can access your account 24/7 from anywhere with an internet connection.
Risks to Consider When Working with Exeter Finance
While there are many benefits to working with Exeter Finance, there are also some risks to consider. Here are a few:
High-Interest Rates
Because Exeter Finance specializes in subprime auto loans, its interest rates are generally higher than those offered by traditional lenders. This means you could end up paying more in interest over the life of your loan.
Fees and Penalties
Exeter Finance charges fees for late payments, returned checks, and other services. These fees can add up quickly and increase the overall cost of your loan.
Repossession of Vehicles
If you are unable to make your loan payments, Exeter Finance may repossess your vehicle. This can be a stressful and difficult experience, so it’s important to make sure you can afford your loan payments before taking out an auto loan with Exeter Finance.
Frequently Asked Questions
1. What is Exeter Finance?
Exeter Finance is an auto finance company that specializes in providing subprime auto loans to individuals with credit scores below 600.
2. What services does Exeter Finance offer?
Exeter Finance offers subprime auto loans, refinancing options, and online account management.
3. How do I apply for an auto loan with Exeter Finance?
You can apply for an auto loan with Exeter Finance by filling out a short form online or at a participating dealership.
4. What are the benefits of working with Exeter Finance?
The benefits of working with Exeter Finance include flexible loan terms, personalized service, and online account management.
5. What are the risks of working with Exeter Finance?
The risks of working with Exeter Finance include high-interest rates, fees and penalties, and the possibility of vehicle repossession.
6. Is Exeter Finance a legitimate company?
Yes, Exeter Finance is a legitimate company that has been in business for over 15 years.
7. How do you make payments on an Exeter Finance loan?
You can make payments online, by phone, or by mail. Exeter Finance also offers automatic payments.
8. What types of vehicles can you finance with Exeter Finance?
Exeter Finance provides financing for both new and used vehicles, including cars, trucks, and SUVs.
Conclusion
Exeter Finance provides an important service for individuals with subprime credit scores who need auto financing. While there are risks associated with working with the company, there are also many benefits, including flexible loan terms, personalized service, and online account management. If you’re in need of auto financing and have a subprime credit score, Exeter Finance may be a good option for you.