Market Wire - Payday Loan and Check-Cashing Leader Cash Now Offering Financing on Premium Autos for Those With Credit ChallengesCash Now Corporation (OTC: CHNW), a
pioneer and continuing leader in the payday loan and check-cashing
industry, today announced it has secured relationships with automobile
dealerships and banks to help those who are credit-challenged buy the car
of their dreams.
"We know what it's like for people facing significant credit issues," said
Kevin Price, Cash Now's president. "We're able to help people in that
situation every day with our core business of payday loans and check
cashing. So moving into offering automobile loans to those with credit
challenges is a natural evolution for us, and we believe there is a strong
market for it."
To make this financing available Cash Now has secured relationships with
several banks and two automobile dealers, one in south Florida and the
other in southern Ontario. The dealers offer a wide range of top automotive
brands. Cars purchased through the program can be shipped anywhere in the
continental U.S. for only $595. Shipping anywhere in Canada is only $995.
Available brands include Acura, Audi, BMW, Cadillac, Chevrolet, Ford,
Honda, Infinity, Jaguar, Lexus, Mazda, Mercedes Benz, Volvo and others.
"The idea is to offer 'built-in' financing at competitive rates," said
Price. "We work with some of the most aggressive lenders in the car finance
industry. These are people who understand what can happen in life sometimes
and we're seeing an approval rate of about 95 percent. This is the answer
for people who need a car but can't get conventional financing -- and who
doesn't need a car these days?"
The process is simple. Those who are interested in obtaining financing
simply apply through Cash Now. Once the loan is approved, Cash Now puts
them in touch with the appropriate dealer -- and they select their dream
car.
Price said applying for a loan is as easy as visiting the Cash Now Web site
at www.cashnow.com or calling toll-free at 1-866-763-2274 (CASH).
CASH NOW BACKGROUND
Cash Now Corporation is a pioneer in the payday loan industry, and is
developing the most comprehensive menu of services in the cash advance
industry, all centered on the Cash Now brand. The company's proven business
model includes licensing to corporately operated joint venture locations
across the U.S. and Canada. Additionally, Cash Now's Web site is the most
advanced payday-lending portal, offering key insight to clients and
potential clients alike -- as well as the ability to complete payday loans
online, via a phone call or in person.
Cash Now offers a payday loan license program, Payday Express; a payday
loan and check-cashing license known as Check Express; and a host of
related financial services for small and medium-size businesses. Profit
Guide magazine recently ranked the Cash Now Group 10th in its list of the
50 fastest growing and most promising emerging companies.
Safe Harbor Statement
Information in this press release contains "forward-looking statements."
Statements describing objectives or goals or the Company's future plans are
also forward-looking statements and are subject to risks and uncertainties,
including the financial performance of the Company and market valuations of
its stock, which could cause actual results to differ materially from those
anticipated. Forward-looking statements in this news release are made
pursuant to the "Safe Harbor" provisions of the United States Private
Securities Litigation Reform Act of 1995. Investors are cautioned that such
forward-looking statements involve risks and uncertainties, including,
without limitation, risks relating to the ability to close transactions
being contemplated, risks related to sales, continued acceptance of Cash
Now's products, increased levels of competition, technological changes,
dependence on intellectual property rights and other risks detailed from
time to time in Cash Now's periodic reports filed with the United States
Securities and Exchange Commission and other regulatory authorities.
For more information about CASH NOW CORPORATION and opportunities
associated with Cash Now see http://www.cashnow.com
Contact:
Cash Now Corporation
Toll Free: 1-866-778-2996
info@cashnow.com