NowAuto Inc. (NWAU)

Overview

Consumer Automotive Finance Inc., initially known as NowAuto Group, Inc., is a prominent player in the United States' used vehicle market, specifically focusing on the buy here/pay here segment within the independent used vehicle sales and finance sector. Established in 1998 and headquartered in Las Vegas, Nevada, the company has made its mark by offering customers an opportunity to purchase late-model used vehicles through financing solutions tailored to their needs. With two retail locations in Arizona as of December 31, 2010, Consumer Automotive Finance Inc. has positioned itself as a reliable retailer catering to the demands of consumers seeking accessible automotive financing options.

Products and Services

• Used Vehicle Sales

Specializing in models from the year 2000 and onwards, Consumer Automotive Finance Inc. provides customers a wide array of quality used vehicles. By focusing on relatively newer model years, the company attracts customers looking for reliable and affordable automotive options that suit their preferences and budgetary constraints.

• Buy Here/Pay Here Financing

Understanding the financial challenges that buyers often face, Consumer Automotive Finance Inc. offers a buy here/pay here financing option. This service enables purchasers to buy and finance their vehicles directly through the company, eliminating the need for third-party financial institutions. This not only simplifies the purchasing process but also opens doors for individuals with less-than-perfect credit scores.

• Sale Type Leases

Alongside traditional sales, Consumer Automotive Finance Inc. provides innovative financing through sale type leases. This alternative financing solution offers flexibility and affordability to customers, catering especially to those who may prefer leasing over buying outright or those looking for shorter-term commitments with the possibility of acquisition at the end of the lease term.