The Group's principal activity is to provide automobile finance services. It purchases auto finance contracts for new and used vehicles purchased by consumers from franchised and select independent automobile dealerships in its dealership network. The Group predominantly targets consumers who are typically unable to obtain financing from banks, credit unions and manufacturer captive auto finance companies. Funding for its auto lending activities is obtained through the utilization of its credit facilities and securitization transactions. It services its loan portfolio at regional centers using automated loan servicing and collection systems.
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