Possible Big Sale for Texas Auto Lender

Private‑Equity Group Considers Selling Texas Auto Loan Company

A private‑equity group is weighing the sale of a Texas‑based auto loan company that helps consumers purchase cars on credit. Sources say a buyer could pay between $2.5 billion and $3 billion.

• The company was acquired by the group in 2021 from another major investor for an undisclosed sum.
• It partners with over 15,000 dealerships and serves more than 650,000 customers nationwide.
• The loan portfolio is valued at $10 billion+.

Founded in 2006 in Irving, Texas, the firm specializes in “flexible financing” for vehicles sold through both franchised and independent dealers. Its growth has been steady over the past decade.

Current Status

• Sale talks are ongoing; no final decision has been reached, and the price may change.
• The private‑equity firm is simultaneously investing $1 billion in a food company, indicating a broader growth strategy.

If the sale completes, it would represent a major shift in the subprime auto‑financing market and could reshape how consumers obtain car loans. Investors are closely monitoring the deal’s progress and its potential industry impact.