exeter finance

exeter finance

The Importance of Exeter Finance in the Financial Industry

1. Introduction

Having achieved more than 6 years in business, Exeter Finance has proudly become an established car finance institution that contributes to the industry in numerous ways. As auto finance has increasingly shifted to solutions market, many U.S.-based firms found Exeter’s approach to embracing technological advancement interesting. Within no time, the firm’s portfolio experienced tremendous growth as more and more dealers guided their clients to Exeter’s lending based solutions. In 2012, Exeter Finance reported that its portfolio had gone past $500 million. Currently, the company’s portfolio stands at over $2 billion, which is a 150 percent growth since 2013. With the firm’s portfolio now growing at an ever-increasing rate, it is expected to continue exploiting its great potential in the industry.

Exeter Finance has made a significant impact in the auto finance industry. Since the company was founded in 2006, it has engaged in various activities that have redefined the car finance market across the United States. The firm is industriously engineering the car financing process by using sophisticated technology to accomplish this task. The company goes the extra mile in ensuring that its auto lending process is not only simple and fast, but also trusted and relevant in the evolving market. Exeter Finance has an expert team that works in collaboration with car dealers to ensure that every dealer-client is satisfied with their relationship with the company.

2. Exeter Finance: A Trusted Financial Institution

It is a must-consider fact that finance companies, in general, are not very popular. Practically everyone has something bad to say about these types of institutions, including car finance companies and banks. I take as reference my buyers’ opinions, and I can state that Exeter Finance is not the typical finance company. Unfortunately, they are where they are because of its inefficient systems, and it is here where they have invested in a very substantial way. This can be seen directly in the performance of these systems when our buyers’ Homesite Approval gets processed. The same thing happens with the validations and any digital signature that could be applied to any of the electronic documentation. All of the data processing on the Exeter application page is certified to be totally secure, so both the dealer and the buyer’s information gets a guaranteed protection during the application process.

These days, it seems that the world’s financial institutions are failing to maintain the trust that people and the market used to have in the banks. However, Exeter Finance Corp. is an amazing exception. I am a car dealer who has been cooperating with Exeter for more than two years; my customers are car buyers who have financed with Exeter. In all this time, I have only heard my buyers thank me for using a financing service associated with Exeter. They have raised this financial institution up to a prominent position because they trust that they are a solid company and that it may be recommended when financing any purchase, especially a car.

3. Services Offered by Exeter Finance

Exeter Financing is not controlled or owned by any major OEM or independent auto lender. Stearns Dealer Services, Inc., is not related in any way to Exeter Financing. With guiding principles endorsed by both leadership and employees alike, Exeter Financial is in a solid position to formulate its future and continue thriving in a competitive landscape. Stakeholder interests are always placed at the forefront of decisions made by Exeter, which translates into a commitment to operating with integrity. Enabled by this corporate culture, employees are consistently equipped to serve their clients and innovate in the ever-changing financial industry. When companies are embraced and supported, employees are more efficient and effective, which has a natural trickle-down benefit to customers: empowered employees can more effectively meet their client needs. Combined with the use of the latest proprietary risk profiles and scoring models by Exeter, its customer service program has proven to be extremely successful. In addition, Exeter’s continually growing portfolio and reputation have strengthened the dealer confidence and borrower comfort in the services and products Exeter offers.

The following services are provided by Exeter Finance: 1. Deep subprime financing and credit services for franchise dealers and independent dealers. 2. Operating in 46 states and the District of Columbia through multiple direct and indirect channels, including direct and multi-tiered strategies. 3. Broad credit with prime service provider for a superior lending solution for dealers. 4. Specialty services of biweekly and monthly payments. 5. Appropriate online tools and supporting dealers and brokers. 6. Flexible web-based tools and flexible finance solutions for customers.

4. Benefits of Choosing Exeter Finance

Car loans provided by Exeter Finance have many advantages: high approval rates, real-time loan requests or approvals, and possible APR changes at any time. In particular, the fact that the APR changes at any time is a huge advantage. For example, if the principal balance of the car loan decreases or if the credit score increases, the APR changes. Because there is no early repayment fee, you can make things back faster. Also, higher approval rates mean that more people can purchase desirable cars. Because of these unique strengths, Exeter Finance stands out among many competitors. The company is committed to providing each customer with the best available car loan while ensuring transparency and encouraging responsible borrowing. We are trying to build lifetime partnerships of trust. The company provides fast, easy and convenient services to our customers, including real-time loan requests and approvals, and always responds to customer inquiries immediately. If you are worried about the financial issues associated with your car purchase, please contact our car loan specialist.

Exeter Finance has been focusing on increasing customer satisfaction since the company was founded. The company actively supports customers in finding optimal loan operations so that customers will not be anxious or stressed even after they possess such attractive cars. With Exeter Finance, customers can choose a convenient communication line at any time, such as call center consultation or real-time consultation through chat. Similarly, when using a smartphone, customers can receive loan support information through the application at any time of day. That’s why customer satisfaction is very high. Official statistics show that the percentage is only 9.3%.

5. Conclusion

The plethora of choices and comprehensive lineup drive Exeter to become an auto finance enterprise that is a significant platform in the financial industry, assisting sellers in discovering how to obtain auto credits. The company offers many amenities, such as multiple or hybrid line integration, a well-rewarded incentive program, credit policy support, and assistance to Internal Accounts Managers in other areas. It includes more than just an ongoing commitment, patent, and testably ground-breaking method of offering its auto products to the open market. Exeter has developed as a whole firm with efficiency through continuous focus and dedicated credit card offers, good and logical expansion, and other leading efforts for many years. It provides extraordinary support to its different groups. Overall, Exeter is highly likely to push for the marketing of well below prime auto credit in the future, and this is a vital value-based message for its seller group.

In conclusion, Exeter Finance has been a top non-bank originator located in Irving. It bridges a gap in the financial market for automobiles. It has worked with dealers of independent and franchised parts for over a decade to offer tailored financial options with an easy-to-use program and the highest level of satisfaction for consumers. Currently, it has a lineup of 43 business offices and direct branches. With over 2,700 team members, Exeter Finance contributes to mixed and strong financial offers in underwriting and serving its automobile lending partners across the U.S. They specialize in the purchase and bankruptcy of used fee-grade vehicles at wholesale prices.