captive finance company

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  • noun

Words related to captive finance company

a finance company owned by a manufacturer to finance dealers' inventories or to make loans to consumers buying the company's products

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References in periodicals archive ?
(NASDAQ: NTWK) said that it has signed an agreement to implement NetSol Financial Suite's Wholesale Finance System (WFS) module with a leading Japanese auto captive finance company based in Thailand.
As a captive finance company, they also have a strong interest in seeing their customers succeed.
The facility is scheduled to be guaranteed by Textron's captive finance company, Textron Financial Corporation (TFC).
Volvo Financial Services is a captive finance company - our sole purpose is to support the Volvo Group in the profitable sale of its products.
Diebold's treasury was divided into functional groups: global treasury, risk management, asset management, global facilities, a captive finance company and a North America shared services center for accounts payable, order management and accounts receivable.
The time has come for automaker's to embrace the strategy of looking at their customers as more than just an account number at the captive finance company and come to the realization that relationships matter.
The most frequently cited reason for choosing nonlocal, nonbank, and nonprimary financial institutions is seller relationships (such as those in which a motor vehicle dealer helps a customer to obtain financing from a particular financial institution or captive finance company).
A wholly-owned subsidiary and captive finance company of General Motors Company (GM) (NYSE:GM), General Motors Financial Company Inc (the company) disclosed on Monday that combined with its indirect wholly-owned subsidiary GMAC UK plc (GMAC UK) and Ally Financial Inc, a purchase transaction was closed on 2 January 2015, under which the company and GMAC UK acquired Ally's 40% equity interest in SAIC-GMAC Automotive Finance Company Limited (formerly known as GMAC-SAIC Automotive Finance Company Limited) (SAIC-GMAC), a finance operations joint venture (JV) in China.