IRVINE, Calif. — CarFinance Capital renewed and increased
its warehouse credit facility this week from $200 to $300 million.

Officials highlighted the increased credit line — which is being
provided by Deutsche Bank and Credit Suisse — further bolsters the company's
ongoing mission of helping the growing population of credit-challenged buyers, CarFinance
believes subprime purchasers account for more than 43 percent of all vehicle loans.

"There is now a growing population in the U.S. of
below-prime consumers who have been negatively impacted by the recession but
who, as the economy improves, are getting back on their feet and looking to
purchase a vehicle. We are dedicated to serving this consumer," said
CarFinance Capital president and chief executive officer Jim Landy said.

"Securing this $300 million warehouse facility enables us to
further expand the reach of our services, through both our over 2,000 dealer
partners and CarFinance.com, our direct lending website," Landy went on to say.

CarFinance is licensed in more than 44 states, serving more
than 80 percent of the country's purchasing population for both its direct and
indirect auto loan financing channels.

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