LGM AND CARFINCO JOIN FORCES IN THE NON-PRIME FINANCING MARKET

Vancouver, BC (March 5, 2018) – LGM Financial Services and Carfinco Financial Group Inc. have announced their collaboration in the non-prime financing market.

This collaboration allows LGM to expand their F&I service offerings to auto dealers by supporting a non-prime lending solution through Carfinco Financial Group Inc.

Carfinco specializes in non-prime financing and offers consumers a convenient payment plan for purchasing new and previously owned vehicles.

These flexible credit requirements available through Carfinco support consumers with a wide range of credit profiles in purchasing a vehicle.

LGM will provide sales support to Carfinco through their nationwide network of Dealer Development Managers, while Carfinco administers and manages the program.

“LGM identified a need among dealers for a viable financing option to provide to customers who may not qualify for various financing programs,” says Jeff Fallowfield, President, Corporate Development. “We’re thrilled to be working closely with Carfinco on yet another value-add service we provide to our dealer clients.”

“We are very pleased to be able to partner with such a well-respected provider in the industry whose commitment to service and dealer value match our own,” says Galen Gower, VP, Business Development, Carfinco. “The relationship will allow Carfinco to reach a broader range of dealers and increase both those dealer’s revenue and the options available in the dealership to turn more applications into customers.”

Dealers can contact their LGM Dealer Development Manager for more information on Carfinco and LGM’s improved dealer rewards program.

Media contact:
Stephanie Day
Communications Specialist
LGM Financial Services
E: Stephanie.Day@lgm.ca
P: 604-806-5304

ABOUT LGM FINANCIAL SERVICES

LGM Financial Services has been a leader in Canada’s automotive industry since 1998 by supplying branded warranty, finance and insurance products to distinguished automotive manufacturers and dealers across the country. Driven by innovation and service excellence, LGM is focused on maximizing dealership performance and customer satisfaction through products that are backed by an elite F&I sales and training program, and a comprehensive claims and dealer support network.

ABOUT CARFINCO FINANCIAL GROUP INC.

Carfinco has been providing indirect consumer vehicle loans to borrowers unable to obtain financing through traditional lending sources in Canada for over 20 years. A portfolio of innovative products is offered through a network of select independent and franchise dealerships. Carfinco is part of the Santander Group who has been recognized as the 19th largest financial institution and was awarded 2017 “Global Bank of Year”.

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