Ottawa, Ontario - Car Repair Financing Company (CARFCO) has announced its grand opening in Canada, providing loans for car repairs for customers throughout Canada, with the exception of Quebec. The service began on February 18, 2008 and is also positioned to begin providing service in a number of U.S. states in 2008.
"Car service centres are losing money every day because their clients can't afford to pay for large repairs," said Martin Lander, CEO of CARFCO. "For many people their car is their livelihood, or their only feasible way to get to work. If they can't afford to pay for repairs, they can't get to work. We offer a valuable and much needed solution to these problems."
CARFCO is offering a two per cent bonus on the total cost of each vehicle repair loan financed through the company, making the service even more attractive to car repair centres. The service will be particularly valuable to truckers and other commercial drivers, for whom their vehicle is their primary source of revenue; an expensive repair that would normally be a financial setback can be broken into smaller, more affordable monthly payments and repairs can be carried out immediately with less down time.
The company approves loans based on the applicant's assets, not on credit history, and approves loans within 24 hours. For more information, visit Carfco.com.
