Payday Loan and Check-Cashing Leader Cash Now Offering Subprime Financing on Premium Autos

Cash Now Corporation, a pioneer and continuing leader in the payday loan and check-cashing industry, today announced it has secured relationships with automobile dealerships and banks to help those who are credit-challenged buy the car of their dreams.

“We know what it’s like for people facing significant credit issues,” said Kevin Price, Cash Now’s president. “We’re able to help people in that situation every day with our core business of payday loans and check cashing. So moving into offering automobile loans to those with credit challenges is a natural evolution for us, and we believe there is a strong market for it.”

To make this financing available Cash Now has secured relationships with several banks and two automobile dealers, one in south Florida and the other in southern Ontario. The dealers offer a wide range of top automotive brands. Cars purchased through the program can be shipped anywhere in the continental U.S. for only $595. Shipping anywhere in Canada is only $995. Available brands include Acura, Audi, BMW, Cadillac, Chevrolet, Ford, Honda, Infinity, Jaguar, Lexus, Mazda, Mercedes Benz, Volvo and others.

“The idea is to offer ‘built-in’ financing at competitive rates,” said Price. “We work with some of the most aggressive lenders in the car finance industry. These are people who understand what can happen in life sometimes and we’re seeing an approval rate of about 95 percent. This is the answer for people who need a car but can’t get conventional financing — and who doesn’t need a car these days?”