Looking for a trusted partner to help you drive away in your next car? Exeter Finance offers a range of auto financing solutions tailored to your needs, whether you’re a buyer, dealer, or investor.
Table of Content
- What is Exeter Finance?
- How Exeter Finance Works?
- Services Offered by Exeter Finance
- Key Benefits of Choosing Exeter Finance
- Features for Dealers and Customers
- 28 Best Exeter Finance Alternatives in November 2024
- What Does Exeter Auto Finance Require to Be Eligible?
- Essential Tips for Managing Your Credit and Payments
- Contact Information
- Conclusion
What is Exeter Finance?
Exeter Finance is an auto finance company that provides loan packages to car owners, dealers, and investors in the United States. Founded in 2006, they work with thousands of independent and franchised dealers across the country to help people own vehicles. Exeter Finance is known for its service, performance, and people.
Key Takeaways
- Comprehensive Auto Financing Solutions: Exeter Finance provides flexible auto loans and funding options, including the Financial Improvement Training (FIT) program to enhance financial management.
- Exclusive Benefits and Support: The company offers AutoPay for automatic payments, 24/7 customer service, and special programs for U.S. service members with favorable loan terms.
- Eligibility and Requirements: Applicants need a credit score between 560 and 850, must be 18 or older, and provide necessary documents like pay stubs and a driver’s license.
How Exeter Finance Works?
Exeter Finance is an auto finance company that works with independent and franchised dealerships across the United States to help people become car owners. They provide many services, including:
Financing
Exeter Finance provides financing solutions for customers and may require a valuation and conditional offer before agreeing in principle. Once all legal work is complete, funds can take up to two months to transfer.
Payments
Exeter Finance offers AutoPay, which allows customers to deduct payments from their checking account each month automatically. Customers can also make payments 24/7.
Financial literacy
Exeter Finance offers Financial Improvement Training (FIT) for free to all customers. FIT includes videos, tools, and resources on topics like budgeting, credit management, and financial planning.
For additional strategies to manage debt effectively, consider exploring comprehensive debt relief programs.
Services Offered by Exeter Finance
Exeter Finance offers a variety of services, including:
MyAccount
Customers can use this service to manage their accounts and make payments.
Funding
Exeter Finance offers quick and easy funding with great rates. They also have flexible scoring criteria to help customers find a vehicle that fits their credit profile.
Customer service
Exeter Finance offers 24/7 payments and live chat support for customers.
SCRA program
Exeter Finance offers a program for U.S. service members and their dependents that provides benefits and protections such as a 6% interest rate, protection from repossession, and no late fee assessments.
Financial Improvement Training (FIT)
Customers can access this free online training program to learn about budgeting, increasing earning potential, managing credit, and financial planning. The program also includes videos, tools, and other resources. Customers who complete the core curriculum also receive six months of free credit monitoring.
Exeter Finance also identifies potentially eligible service members using the Defense Manpower Data Center (DMDC). If you believe you are eligible but Exeter Finance has not identified you, you can contact them at (800) 321-9637 to determine if you qualify.
For more information on flexible loan options, learn about Partner One Solutions Loans which might offer additional benefits.
Key Benefits of Choosing Exeter Finance
Employee Benefits
Exeter Finance offers a variety of benefits to its full-time employees, including:
- Plans for medical, dental, and optical care that are reasonably priced
- 401(k) retirement plan: With company match
- Tuition reimbursement
- Adoption assistance
- Parental leave
- Flexible spending account (FSA)
- Banks that offer paid time off (PTO): For leisure
- Employee assistance plan (EAP)
- Short and long-term disability insurance
- Life and AD&D insurance
- Legal and identity theft coverage
- Mental health resources
- Homework Connection
Dealer Benefits
Exeter Finance also offers benefits to its dealers, including:
- ElitePlus group: Members of this group receive benefits such as increased deal structure flexibility, prioritized funding, and waived resubmittal fees
- Competitive dealer programs
- Increased earning opportunities
Features for Dealers and Customers
Exeter Finance is a car finance company that offers dealers and customers several kinds of services, such as:
Dealers
Exeter Finance offers flexible deal structures and scoring criteria to help dealers find vehicles that fit their customers’ credit profiles. They also provide personalized service and unique benefits to help dealers increase vehicle sales. Exeter Finance’s DealerPortal allows dealers to upload documents, rehash deals, request payoffs, and track deal status in real time. The portal also offers live chat support and 24/7 access to funding notes.
Customers
Exeter Finance offers free Financial Improvement Training (FIT) for customers, which includes videos, tools, and other resources to help with budgeting, credit management, and financial planning. After completing the FIT core curriculum, customers also receive six months of free credit monitoring.
28 Best Exeter Finance Alternatives in November 2024 (Tested & Working)
| Company | Industry | Founded | Location | Funding | Overview |
|---|---|---|---|---|---|
| Wintrust | Bank offering diversified financial services | 1991 | Rosemont, United States | – | Provides personalized banking, mortgage lending, wealth management, and commercial banking. |
| TFS | Auto financing firm | 1983 | Denver, United States | – | Specializes in financial solutions for vehicle purchases. |
| ORIX | Motor vehicle rentals and leasing | 1995 | Mumbai, India | – | Offers car rentals, finance leases, and commercial vehicle loans. |
| Mercedes-Benz Financial Services | Auto loans subsidiary of Mercedes-Benz | 2007 | Detroit, United States | – | Provides auto loans and leasing options for Mercedes-Benz vehicles. |
| Octane | Online marketplace for automobile financing | 2014 | New York City, United States | $102M | Connects consumers with lenders and credit institutions for automobile financing. |
| Lendmark Financial | Savings and Loan Association | 1996 | Lawrenceville, United States | $2.46M | Offers personal and auto loans, catering to individuals seeking financial support. |
| Nicholas Financial | Consumer loans provider | 1985 | Clearwater, United States | – | Focuses on affordable financing solutions for various needs. |
| PLS 24/7 Financial Services | Consumer loans provider | 1997 | Chicago, United States | – | Offers consumer loans with a focus on accessible financial solutions. |
| Provident Financial | Credit broker | 1880 | Bradford, United Kingdom | – | Provides various financial services and credit solutions. |
| Listo Unlimited | Consumer loans provider | 2011 | San Francisco, United States | $8.5M | Offers credit, auto insurance, and life insurance products through retail stores and an online platform. |
| Ozarks Federal Savings and Loan Association | Auto Financing | 1930 | Farmington, MO | $8.8M | Provides savings and loan services focusing on financial solutions in Farmington, MO. |
| Outside Financial | Financial services | 2016 | – | $36,000 | Offers financial services with a focus on accessible solutions for various customer needs. |
| Triad Financial Sm LLC | Auto Financing | 1989 | North Richland Hills, TX | $230.0M | Specializes in auto and personal loans, offering extensive financing options. |
| Systems & Services Technologies | Financial services | 1995 | Saint Joseph, MO | $75.0M | Provides financial and technological solutions, including debt management services. |
| GM Financial | Auto Financing | 1986 | Fort Worth, TX | $13.4B | Offers auto loans and leases for GM vehicle purchases. |
| American Credit Acceptance | Auto Financing | 2007 | Spartanburg, SC | $1.5B | Focuses on auto loans and financial solutions for vehicle purchases. |
| Credit Acceptance | Auto Financing | 1972 | Southfield, MI | $1.8B | Provides auto loans and financing solutions, specializing in helping customers with credit challenges. |
| Compu Credit | Credit and financial services | – | Atlanta, GA | $760,000 | Offers a range of credit services for managing personal finances. |
| Premier Credit | Financial services | 2012 | Denham Springs, LA | $730,000 | Provides consumer loans and financial services tailored to individual needs. |
| Global Lending Services | Auto financing | 2011 | Greenville, SC | $49.9M | Offers auto and personal loans with a focus on accessible financial solutions. |
| American First Finance | Financial services | 2013 | Dallas, TX | $280,000 | Provides flexible financing options for various consumer needs, including auto and personal loans. |
| Credit One Bank | Financial services | 1984 | Las Vegas, NV | $581.6M | Offers credit cards and financial services designed to meet diverse customer needs. |
| Credit Smart Solutions | Financial services | 2010 | Tomball, TX | $30,000 | Provides a range of credit services and financial management solutions. |
| Consumer Portfolio Services | Financial services | 1991 | Irvine, CA | $88.6M | Focuses on auto loans and financial services for individuals with credit challenges. |
| World Acceptance Corporation | Financial services | 1962 | Greenville, SC | $38.0M | Provides auto loans and financial services, catering to customers in need of vehicle financing. |
| Mariner Finance | Financial services | 1927 | Baltimore, MD | $1.6B | Provides personal, home, and auto loans, meeting various customer needs. |
| Newrez | Financial services | 2008 | Plymouth Meeting, PA | $7.5B | Offers a broad range of financial services including mortgage solutions. |
| OneMain Financial | Financial services | 1912 | Wilmington, DE | $7.8B | Provides personal loans and financial services to meet diverse customer needs. |
What Does Exeter Auto Finance Require to Be Eligible?
Your credit score must be in the range of 560 to 850 to be eligible for Exeter Auto Finance. You also need to be at least 18 years old or meet your state’s minimum age requirement, whichever is higher.
Exeter Auto Finance doesn’t share or maybe doesn’t have a set minimum yearly income requirement. They look at applications from people who have jobs. Keep in mind that you can add a cosigner to your application. This might help you meet the requirements or get lower interest rates.
The Military Lending Act (32 C.F.R. § 232) doesn’t allow lenders to charge service members more than 36% APR on credit given to covered borrowers. If you’re an active duty service member, you can apply for a loan with Exeter Auto Finance. Their rates stay within the limits set by The Military Lending Act.
Before committing to any loan, make sure to find out key questions to ask a debt consolidation company to ensure you’re fully informed.
To Qualify, Applicants May Need to Provide the Following Documentation:
- Recent pay stubs
- Driver’s license or other government photo ID
- Proof of citizenship or residence permit
Employment Statuses Considered:
- Employed Full-Time
- Employed Part-Time
- Self-Employed
- Retired
Immigration Status Considered:
- U.S. Permanent Resident
Loan Applications Accepted:
- Cosigner
- Military Status
- Active Duty Military
- Non-Military
- Minimum Age: 18
Verification Documents Required:
- Driver’s License (or other photo ID)
- Proof of citizenship/residence (Green Card)
- Recent Pay Stubs
Credit Score Range:
- 560 – 850
Rates and terms
- APR Type (Fixed APR): Fixed APR
- Amount Range: $5000 – $100000
- APR (Fixed APR): Starting at 3% (Verified 06/22/2024)
- Loan Term (Months): Up to 72 months
Essential Tips for Managing Your Credit and Payments
Your payment record is crucial. We aim to support you in becoming a successful car owner. It’s possible to improve a damaged credit history in a short time. Your FICO® score is key, but banks and finance companies also consider other factors before giving credit to consumers — such as your payment record and account balances. Here are some actions you can take to make sure your credit application is approved.
If you’re looking to consolidate your debt, check out the best debt consolidation loans to find options that fit your financial situation.
Pay your bills when they’re due
How you pay your bills has the biggest impact on your credit score and a lender’s credit decision. The more bills you pay on time the more a new lender will trust that you’ll pay them in the future.
Maintain low balances
Loan officers will check your balances as a percentage of your credit limit. Keeping your balances low shows that you can manage your debt.
Budget
Many individuals who struggle with credit are unaware of their monthly expenses. Track your expenses, make a budget, and follow it. You might find it easy to cut out extra costs and get a handle on your money. Lenders like to see that you’ve kept your fixed expenses under 30-40% of your monthly income before taxes. The smaller this percentage the better it looks.
Close unused accounts
Having too many open credit lines raises concerns for lenders. They worry you might take on too much debt and struggle to pay it back. Maintaining the accounts you require is wise. Hang on to your oldest ones, as they show you can manage credit over time.
Pay more than the minimum
You should pay above the lowest amount due each month on accounts like credit cards that let you borrow again. This way, you’ll reduce your balance faster and end up paying less in interest.
Check out how payment timing affects your interest charges
Get more info on the calculation of daily simple interest and how when you pay can influence the amount of interest you shell out.
Contact Information
Headquarters
222 Las Colinas Area Personal Transit # 1800
Irving, TX 75039
(877) 393-8379
Visit Site
Email Support
John Hoffmann
Phone: 469-754-4443
Email: John.Hoffmann@ExeterFinance.com
Conclusion
Exeter Finance is a top car finance company in the U.S. They offer loans and financial help to car owners, dealers, and investors. Exeter Finance focuses on helping customers with good service and financial tips.
They provide tools like the Financial Improvement Training (FIT) program to help people manage their money better. They also offer special benefits for dealers and workers, making them a popular choice in the car finance world. By offering flexible loans and great support, Exeter Finance helps people buy and own cars.
Have you used Exeter Finance? Share your experience in the comments below!
FAQs
What is Exeter Finance and what services do they offer?
Exeter Finance is an auto finance company providing flexible loan solutions for car buyers, dealers, and investors. They offer a range of services including auto loans, funding options, and financial improvement training.
What are the eligibility requirements for an Exeter Finance auto loan?
To qualify for an auto loan with Exeter Finance, you generally need a credit score between 560 and 850, be at least 18 years old, and provide documents such as recent pay stubs and a driver’s license. Service members have additional benefits under the SCRA program.
What benefits does Exeter Finance offer to its customers and dealers?
Exeter Finance provides benefits such as AutoPay for automatic payments, 24/7 customer service, and free Financial Improvement Training (FIT) for better money management. Dealers benefit from flexible deal structures and a dedicated Dealer Portal for managing transactions.
