February 21, 2006
VFC and GMAC of Canada announce auto loan referral program
Toronto, Ontario – VFC Inc., a Canadian non-prime consumer finance provider, has announced that it has entered into an agreement with General Motors Acceptance Corporation of Canada Ltd. (GMAC). Customer applications that do not qualify under GMAC’s current automotive lending programs will be forwarded directly to VFC for review.
GMAC receives most of its credit applications via an electronic link from its dealers. The agreement will now establish a direct link that will automatically funnel declined applications to VFC with little or no dealer interaction, reducing customer wait time.