CarFinance.com Names CEO, Continues Investment in Future

IRVINE, Calif., July 16, 2018 (GLOBE NEWSWIRE) — CarFinance.com, the industry’s leading online vehicle financing solution, announced today that Craig Hewitt will become the company’s first dedicated chief executive officer. Hewitt will begin managing CarFinance.com on July 16, 2018, assuming full authority and leadership of the rapidly growing fintech company.

“This is the perfect time for someone with Craig’s energy, vision, and leadership to join our team,” said Flagship Credit Acceptance and parent company FC Holdco CEO Michael C. Ritter. “CarFinance.com has enjoyed seven years of success because the market is increasingly rewarding companies that back superior customer experience with deep financial expertise. Craig’s entrepreneurial spirit and industry experience will provide leadership and guidance as the company continues to grow.”

Hewitt has a 25-year history in the auto finance industry, starting when he launched a subprime loan origination company while attending graduate school at the University of North Carolina. After selling the business, he joined Summit Acceptance Corporation, and then Capital One as a senior sales leader. In 2002, Hewitt joined the senior management team of HSBC Auto Finance, where he led the Eastern Division growth through innovation and the Six Sigma process improvement discipline. Most recently, Hewitt held the role of SVP of Dealer Services at GM Financial.

“Dealers, lenders and consumers are all looking for the best purchase experience,” said Hewitt. “I’m excited to join CarFinance.com’s team in providing users a platform that makes car buying as frictionless as possible with easy, efficient and compliant auto finance transactions.”

Originating its first loan in 2011, CarFinance.com has now originated over $1 billion in auto loans. Through its online platform, customers can quickly complete the auto financing or refinancing experience wherever is most convenient for them. Unlike many other platforms, Carfinance.com offers a completely integrated experience where customers can choose loan structures and lending options while completing all of the required verifications and documents productions digitally, all while being supported by an expert loan officer who can guide and assist the borrower throughout the process.

About CarFinance.com and Flagship Credit Acceptance LLC
Headquartered in Irvine, California and authorized to do direct lending in 46 states, CarFinance.com is the direct auto lending solution by Flagship Credit Acceptance. Managed by a diverse team of industry leaders, CarFinance.com’s direct to consumer lending platform is dedicated to delivering a best-in-class user experience for consumers looking for a new or used auto loan, or refinancing their existing auto loan. From the easy to use online credit application through the final funding process, the entire process can be completed virtually online directly with CarFinance.com. Each customer’s information is kept private, safe and secure. See what customers are saying on social media by visiting CarFinance.com’s Facebook and Yelp pages.

For additional information contact: 
Blair Rohlfing
Harris, Baio & McCullough
(215) 440-9800
blair@hbmadv.com