Warburg Pincus.
Warburg Pincus Warburg Pincus is a private equity firm focused on growth investing.
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.
Who founded Exeter Finance?
Peter Keech
Peter Keech. Peter established Exeter Finance in 2013 to provide local, property funding solutions alongside excellent customer service.
Is Exeter a public company?
Exeter Resource Corporation is a Canadian public company listed on the TSX and NYSE-MKT under the symbols XRC and XRA.
Is Exeter Finance Subprime?
Exeter Finance – Franchise & Independent Dealership Financing, Subprime Auto Lending.
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.
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.
Did Mark Zuckerberg go to Exeter?
An earlier inspiration for Facebook may have come from Phillips Exeter Academy, the prep school from which Zuckerberg graduated in 2002.
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.
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.
What is Exeter best known for?
What is Exeter known for? Exeter is the capital city of the county of Devon and is most famous for its Norman Cathedral which is constructed in the Gothic style and its beautiful canal, which leads out to the sea. Exeter is also very famous for its rich history, which dates back to before the Romans.
How many employees does Exeter have?
Based in Irving, TX, Exeter Finance is a medium-sized finance company with 939 employees and a revenue of $330.0M.
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 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.
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.
What is a good APR for a car?
An auto loan’s interest rate will depend largely on your credit score. Those with a credit score between 781 and 850 saw an average new car interest rate of 2.4% in the first quarter of 2022. Meanwhile, borrowers with scores in the lowest range (300 to 500) saw average rates of 14.76%.
Why is Exeter Finance on my credit report?
EXETER FIN may be on your credit report as a hard inquiry or collection account. This usually happens when you apply for an auto loan at a franchised dealership.
Can a bank forgive a car loan?
“Some lenders will forgive auto loans, but this requires the borrower to voluntarily turn over the car. However, just because the lender takes back the car does not automatically mean the loan is forgiven. If this is your only option, you should call your lender to ask how they will work with you.
Can I get compensation for irresponsible lending?
Irresponsible lending occurs when a lender is unscrupulous with the lending and provides loans inappropriately. For instance, if they do not obtain enough information about income and expenses. If this was the case with your loan, you can make a claim for a refund.
How do I pay off Exeter Finance?
How can I make my payment?
- MyAccount. The quickest way to pay is through MyAccount, with 24/7 access to your account and to make online debit card payments.
- Recurring payment. Enroll online today to set up fast and easy recurring payments from a bank account.
- Telephone.
- MoneyGram®
- Western Union®
- Mail.
- Paysafe:cash.
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.