Auto Financing – Exeter Finance (2024)

FAQs

What is the class action lawsuit against Exeter Finance? ›

The 22-page lawsuit claims Exeter charges dealers a discount fee for financing, which is then secretly added to the “amount financed” section of the buyer's retail installment sales contract (RISC). This fee is passed onto consumers through higher vehicle prices, effectively making it a hidden finance charge.

It depends on where you live and the terms of your contract, but usually Exeter Finance will repo cars after 3-5 months of missed payments on an auto loan.

Car finance and credit scoring

There isn't a minimum credit score required to get car finance – it depends on the lender and the type of finance you go for.

Exeter provides a grace period of 8 to 16 days, contact the lender after 35 to 65 days and stop the cars repossession by rescheduling the loan. Yes, to verify if your account is eligible, call (800) 321-9637. It is an auto finance cooperation providing loans to vehicle owners, investors, and dealers. What do I do?

Irving-based Exeter Finance LLC entered an agreement to be acquired by an investor group led by private equity firm Warburg Pincus, the company announced Monday. Terms of the agreement were not disclosed, but the transaction is expected to close by the end of the year.

Exeter Finance LLC, a leading indirect auto finance company, announced today that it has entered into a definitive agreement to be acquired by an investor group led by Warburg Pincus from funds managed by...

To report a problem or complaint with this lender you may write Exeter Customer Service, Exeter Finance P.O. Box 166008, Irving, TX 75106, email customerservice@exeterfinance.com, or call 800-321-9637.

Auto lenders that allow loan deferments differ in the number and frequency they permit. Some lenders allow no more than one deferment over the life of the loan; others allow as many as two deferments per calendar year. Make sure you're within any limits spelled out in your contract.

Yes, to verify if your account is eligible, call (800) 321-9637. Will the extension have any impact on my account/contract? Yes.

It's essential to be knowledgeable about how your auto loan process will be different than someone with a higher score. You might not have the same options, but you can still get an auto loan with a 600 credit score.

Will a 500 credit score get car loan? ›

It's possible to get a car loan with a 500 credit score, but the lender might have other requirements, too. You might also need to earn a certain amount of money every year or have been at your job for a specific length of time.

Yes, it's possible to finance a vehicle purchase with a 500 credit score or even below that. Keep in mind, though, that you can generally expect limited options, as well as high interest rates and fees. If possible, try to improve your credit before applying.

Exeter Finance faces a proposed class action lawsuit that claims the auto loan financer unlawfully conspires with dealers to raise the prices of their vehicles to accommodate the lender's hidden finance charge.

Exeter Finance - Franchise & Independent Dealership Financing, Subprime Auto Lending.

Applicants are only permitted to defer entry once. Subsequent to this, a new application will be required which will be considered in line with others applying for entry in that year.

To report a problem or complaint with this lender you may write Exeter Customer Service, Exeter Finance P.O. Box 166008, Irving, TX 75106, email customerservice@exeterfinance.com, or call 800-321-9637.

In a class action, plaintiffs all join one lawsuit that is heard in one court. In MDL, all of the cases are kept separate, but they are all heard in one court. This keeps the process moving along, so that cases don't cause a backlog throughout the entire country's court system.

You Can Borrow Money on a Class Action Lawsuit

Similar to other personal injury lawsuits, you can borrow up to 20% of the expected settlement upfront before your class action lawsuit settles.

And since class action cases may take years, even to obtain a court-approved settlement, “sometimes it's easier to settle an individual case than the entire case,” Feldman says. However, if an eligible member does not plan on filing an independent lawsuit, there's no obvious downside to being a member, he says.