Huge Sub-Prime Auto Lender Makes Big Bucks Repossessing Vehicles Using Shady 'Loan Extensions'
When a prospective buyer of a used vehicle from CarMax doesn’t qualify for financing, they’ll likely be offered a loan from Exeter Finance as a lender of last resort. Through its partnership with the country’s largest used car retailer, Exeter positioned itself at the pipeline of sub-prime borrowers, according to a…