7 Highest-Rated Car Financing Services
J.D. Power & Associates is perhaps best known for its ratings and awards on cars and trucks, but in terms of its automotive industry coverage, the organization actually goes a bit further than that.
When purchasing a new car, living with the vehicle is just one part of the equation for many. A number of buyers will also have to live with car payments, which means living with the agency that handled the loans until the vehicle is paid off. Most banks offer this kind of loan, as do the manufacturers themselves, with special divisions dedicated to financing new vehicles.
J.D. Power has ranked several of these companies based on consumer satisfaction scores. “The 2013 U.S. Consumer Financing Satisfaction Study is based on responses from 12,741 new-vehicle purchasers or lessees who completed a vehicle loan or lease,” J.D. Power said. “The study includes new vehicles financed in model years 2012 and 2013.” Each score is based on a 1,000-point scale. You can read the full study and methodology used here.
Here are the seven most popular lending institutions for the mass market, all of which fell above the calculated industry average score of 820.
7. World Omni Financial
World Omni is the only organization that fell above average that is not the financial wing of an auto manufacturer. Omni managed a score of 820, matching the average for the mass-market industry.