July 2011 – GWC Warranty Corporation (GWC) and Southern Auto Finance Company (SAFCo) announce their vehicle service contract strategic alliance. SAFCo now offers, through its dealers, their exclusive GWC vehicle service contract and GAP program, providing their dealers more tools for profitability and loan customers with peace of mind when purchasing pre-owned vehicles. “GWC is known for their commitment to automobile dealers and protecting auto purchasers and lenders, which aligns perfectly with our strategic vision for expansion. Our partnership will help SAFCo expand our dealer base as we plan to open 12 states over the next 12 months,” notes Brian Switalski, President of SAFCo.
In today’s economic climate, consumers are choosing to purchase pre-owned vehicles and managing their budget closely. SAFCo is helping them with flexible financing options, and GWC is protecting them against the financial challenges of unpredictable mechanical breakdowns. Satisfied consumers return to dealers for their next purchase and servicing, and performing vehicles lead to better performing loans.
Chris Barry, Vice President of Marketing for GWC, commented, “We are excited to partner with Southern Auto Finance. Through our strategic alliance, SAFCo and GWC are well positioned to better serve our dealer partners and provide car buyers with peace of mind.”
SAFCo, located in Fort Lauderdale, FL, has been purchasing retail installment contracts from both franchised and independent automobile dealerships across the United States since 1991. Since inception, SAFCo has sought to help the credit-challenged customer through their unique Credit-Builder program. “At SAFCo, our goal is to make sub-prime financing as simple and efficient as possible, and we look to accomplish that by matching close, personal service with world-class systems,” states George Fussell, Chairman & CEO. For additional information please visit www.GoSAFCo.com
GWC is a leading provider of vehicle service contracts and related finance and insurance products sold through automotive dealers. Over the past 16 years, GWC has built one of the few integrated platforms in the industry, providing sales and marketing, state-of-the-art claims administration, and products backed by an A.M. Best “A Excellent” rated insurance company. GWC is the trusted partner of over 20,000 franchise and independent car dealerships in 37 states. GWC is owned by CIVC Partners, a Chicago based private equity firm with over $1.3 Billion under management. For more information about GWC please visit www.GWCWarranty.com