In 1998, Robert Sutton, a venture capitalist with no experience in auto finance, purchased ailing Centrix Financial, an automotive sub-prime firm in Centennial, CO. Robert Sutton with children Kate and David. Since then, Centrix has gone from a few dozen employees to nearly 600. It now works with 6,600 dealerships and manages a $1 billion loan portfolio. Special financing represents about 25% of U.S. credit customers. It’s the fastest growing segment of the auto loan ...
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