New Car Repair Financing Service Now Available in Toronto

PR Log (Press Release) – Sep 02, 2008 – CARFCO – Truck and Car Repair Financing Co. has announced that it has begun servicing the metro Toronto area by engaging the services of Sales Representatives.  Representatives will be visiting with local Service Centers to introduce the idea of automobile repair financing, an area of the vehicle repair industry that was previously absent. CARFCO’s mission is to provide a solution to both vehicle repairers, who lose money by turning away customers who can’t afford the cost of automobile repairs, and their customers, by offering car repair loans that enable them to fix their vehicles and get back on the road.

“Service centers are losing money every day because their clients can’t afford to pay for large repairs.” explained CARFCO CEO Martin Lander, “For many people their car is their livelihood, or their only feasible way to get to work.  If they can’t afford to pay for repairs, they can’t get to work. We offer a valuable and much needed solution to these problems.”

CARFCO is making their service even more attractive to car repair centers that register for the program by offering them a 2% bonus on the total of each vehicle repair loan that is financed through CARFCO. “Not only do service centers benefit by being able to offer their services to more clients, they are also profiting because they are being paid by CARFCO for the clients they refer.” explained Lander.

CARFCO’s service will be particularly valuable to truckers and other commercial driver’s for whom their vehicle is their primary source of revenue. A repair costing thousands of dollars for commercial vehicle drivers that would normally be an incredible financial setback can now be broken into smaller, more affordable monthly payments. As well, repairs can be carried out immediately, meaning less down time.

The company boasts an incredibly high approval rating because they approve loans based on the applicant’s assets, not on their credit history. This allows for even those with poor credit ratings, and even bankruptcies on their records to get the financing they need to get their vehicle back on the road.  CARFCO also prides itself on getting their customers back on the road as quickly and easily as possible, approving loans within 24 hours. “Repairers will have applications that their customers will complete and fax to us and once approved,” stated Landers. “The funds will be sent within 24 hours. It’s a win-win situation for all.  Repairers will increase their profitability, while customers will be able to keep their cars on the road.”

CARFCO offers online applications for vehicle owners and online registrations for vehicle repairers interested in offering financing. Find them on the web at: http://www.carfco.com.