This is an initial public offering of shares of Class A common stock of Exeter Finance Corporation. We are offering shares of our Class A common stock. The selling stockholders identified in this prospectus are offering shares of our Class A common stock.
Is Exeter Finance publicly traded?
Exeter Finance Corp is primarely in the business of personal credit institutions.
Ticker: XTF.
| Shortlink | https://sec.report/T/XTF |
|---|---|
| Reporting File Number | 333-229164 |
| State of Incorporation | DELAWARE |
| Fiscal Year End | 12-31 |
| SIC | 6141 [PERSONAL CREDIT INSTITUTIONS] |
Who owns Exeter Financial?
Warburg Pincus
The acquisition of Exeter is one of several auto industry investments made by Warburg Pincus, which has more than $60 billion in private equity assets. Its over-200 company portfolio includes investments in Santander Consumer USA, China Auto Rental and Car Trade.
Is Exeter Finance Subprime?
Exeter Finance – Franchise & Independent Dealership Financing, Subprime Auto Lending.
How many customers does Exeter Finance have?
one million consumers
We have helped more than one million consumers purchase the cars they want by providing the financing solutions they need.
How long does it take for Exeter Finance to repossess a vehicle?
3 to 5 months
How long does Exeter Finance take to repossess my car? Repossession law varies slightly from state to state and range from 3 to 5 months after you stopped making payments on your Exeter Finance loan.
Does CarMax use Exeter?
By comparison, in the earlier days of the CarMax partnership — inked back in 2014 — that ratio reached as high as 35%. Exeter is one of seven companies — aside from captive CarMax Auto Finance — to provide financing to the dealership chain’s used-car buyers.
Is Exeter Finance going out of business?
Subprime lender Exeter Finance is being acquired by an investor group led by private equity firm Warburg Pincus from funds managed by Blackstone, Exeter announced today. The transaction is expected to close by yearend 2021. Jason Grubb will remain chief executive of the subprime lender.
Is there a lawsuit against Exeter Finance?
NITZA I. QUINONES ALEJANDRO, J. Plaintiff Tamika Pressley (“Pressley”) filed an amended complaint in which she alleges that Defendant Exeter Financial Corp (“Exeter”), in its attempts to collect debts from Pressley, violated the Federal Trade Commission Act, 15 U.S.C.
Who is the largest employer in Exeter?
City’s major employers will be taking part in Exeter’s largest…
- Royal Devon University Hospital NHS Foundation Trust.
- Courtyard by Marriott.
- McDonald’s.
- Crealy Theme Park and Resort.
- University of Exeter.
- Lidl GB.
- Exeter City Council.
- Stagecoach.
How many employees does Exeter Finance have?
Based in Irving, TX, Exeter Finance is a medium-sized finance company with 939 employees and a revenue of $330.0M. To create superior value for our stakeholders by providing financial solutions through building exceptional customer, dealer and partner relationships while exhibiting a culture of excellence.
Is Exeter Finance a good company to work for?
In a recent employee survey, 92% of our team members said they would recommend Exeter as a great place to work. While that’s not everyone, we are proud to have such strong employee support and are working hard to make that 100%. We wish you well in wherever your career takes you next.
Who founded Exeter Finance?
Peter Keech
Peter Keech. Peter established Exeter Finance in 2013 to provide local, property funding solutions alongside excellent customer service.
Which is the largest housing finance company?
- HDFC. Founded in 1977, The Housing Development Finance Corporation Limited (HDFC) is one of the largest providers of housing finance in India.
- LIC Housing Finance.
- AAVAS Financier.
- Indiabulls Housing Finance.
- PNB Housing Finance.
- HUDCO.
- Can Fin Homes.
- Home First Finance Company.
What kind of company is Exeter Finance?
auto finance company
Exeter Finance Corporation is an auto finance company. The Company offers loan packages to car owners, dealers, and investors. Exeter Finance serves customers in the United States.
When was Exeter Finance founded?
2006
Exeter Finance LLC, a non-prime auto finance company, announced it has provided financing to one million customers since it was founded in 2006.
How many missed payments on a car before repossession?
three consecutive
Two or three consecutive missed payments can lead to repossession, which damages your credit score. And some lenders have adopted technology to remotely disable cars after even one missed payment. You have options to handle a missed payment, and your lender will likely work with you to find a solution.
Can my car be repossessed if I have paid more than half?
In line with the ‘thirds rule’, if you’ve paid more than half of your hire purchase loan, your car finance repossession rights take effect, and your lender cannot repossess your vehicle without following the proper processes. However, you can return your vehicle to the dealership at any point after you’ve paid half.
How long can you go without making a car payment before it gets Repoed?
between 60 and 90 days
Most lenders won’t begin repossession until you’ve missed three or more payments. Although there usually is a grace period between 60 and 90 days, a more staunch lender has the right to give notice of repossession for even one missed payment.
What credit score is needed to buy a car with no down payment?
Generally speaking, banks require a minimum credit score of 600 to give an auto loan without any down payment. However, you CAN buy a car with a score of 400 or a score of 850. There are a lot of variables that weigh into determining your loan eligibility and interest rates available.
Will CarMax buy my car if I still owe money on it?
Yes! CarMax will buy a car with a loan on it in most cases. Unless you’re way too far upside down on the loan, CarMax is likely to purchase the car from you. If you want to sell a vehicle to CarMax that still has a car loan on it, schedule a meeting or walk into a branch near you.