Wells Fargo Auto Finance Canada withdraws Wells Fargo Auto Finance
The effect of the American financial crisis began to affect the Canadian automotive industry.
Wells Fargo Financial, headquartered in Des Moines, Iowa, is a company providing $ 18 billion installment and home equity loans, automobile financing, consumer and credit cards, leasing, technology services and receivables financing to consumers and businesses in the States United States 47, all 10 provinces of Canada and the Caribbean.
A subsidiary of Wells Fargo Financial, Wells Fargo Auto Finance division of Wells Fargo Financial Retail Services Company Canada that provides funding programs for non-premium dealers across Canada since 1995 was removed from Canada
On November 12th, 2008 Auto Finance Wells Fargo has made the difficult decision to exit the indirect lending channel in Canada. Wells Fargo is constantly reviewing its operations and makes changes where necessary to align with the current market environment.
Auto dealers new and used across Canada have been quietly notified the force at noon Eastern time on Nov. 12 Wells Fargo Auto Finance will no longer accept loan applications from Canadian dealers.
AutoSourceFinancial.Com
Posted on March 13, 2010.
