Car Finance Company

These top 3 car finance company reviews focus on companies involved in the sub-prime market. They make loans to borrowers with less than perfect credit. Their aim is to match borrowers with loans and in some cases dealers who are willing to work with them. These matches result in a car purchase for the borrower and a second chance to rebuild their credit. Here are three notable car finance companies.

A specialist in providing second chance or sub-prime loans to borrowers with bad or poor credit, Bar None has been in business since 1995. The company is based in Columbia, Maryland, a suburb of Washington, D.C. The company stands by its trademarked motto, "Everyone deserves a second chance!" by bringing together borrowers, lenders and dealers. The company is known for its television ads featuring a sock puppet dog that holds a microphone. According to the company's website, 5 million people have been helped to date with loans to purchase a vehicle. Information provided through the Bar None website passes the Better Business Bureau's Online Reliability Program. This ensures the safety and protection of information transmitted by individuals through the site.

Beginning in 1989, J.D. Byrider built itself into a network of over 100 dealers across the country. Founded by a Marion, Indiana car dealer named James F. DeVoe, the company was built with a customer-centric focus. J.D. Byrider operated its own finance company, CarNow Acceptance Company, and from its headquarters in Carmel, Indiana (just outside of Indianapolis, Indiana), it provides sub-prime loan opportunities for car buyers with bad credit. The company is the largest used car and finance company in the United States.

Autobytel was founded in 1995 and is one of the oldest web-based car buying services. The company is based in Irvine, California and trades on the NASDAQ Global Market under the symbol "ABTL". The company works with a network of dealers to offer a wide variety of car makes and models, both new and used. They also provide a facility through its website to arrange for financing of all types, regardless of credit history. The site maintained by Autobytel is VeriSign secured, which means that personal information is encrypted for safety and security.

Bar None, J.D. Byrider and Autobytel are three of the most recognized names in the industry when it comes to sub-prime lending. These companies have played a part in the more than 45 million used cars sold in the country, serving an estimated 40 percent of the population who fall in the sub-prime credit risk pool. The ability to assess risk in this market and make loan offerings is a specialty shared by these three companies.