Investment group

Car Capital obtains $ 150 million from Fortress Investment Group

Through its proprietary all-digital platform, Dealer Electronic Auto Loan System (DEALS), Car Capital enables its partner dealers to instantly approve 100% of their customers, regardless of their credit history. With DEALS, dealers have the ability to make 24/7 approval decisions based on the economy of each car and each consumer. And partner dealers get a final profit based on performance, not minimum portfolio size.

“Car Capital has built an exceptional company powered by proven, innovative technology and a business model that delivers substantial benefits to consumers and dealers,” said Dominick Ruggiero, Managing Director of Fortress Investment Group. “We are delighted to provide a capital solution that positions Car Capital for significant continued growth in the years to come. ”

About Car Capital
Car Capital, a wholly owned subsidiary of Car Capital Technologies, Inc., was founded to provide dealers with capital and cutting edge technology to help all consumers buy the cars they need. The management team, each with decades of experience in the industry, and all of their talented people have come together to create an exceptional company to make car buying better for everyone. For more information, contact Car Capital at [email protected] or visit carcapital.com.

On Fortress Investment Group
Fortress Investment Group LLC is a leading and highly diversified global investment manager with approximately $ 54.2 billion in assets under management September 30, 2021. Founded in 1998, Fortress manages assets on behalf of approximately 1,800 institutional clients and private investors worldwide through a range of credit and real estate, private equity and permanent capital investment strategies.

Automotive capital SOURCE