VANCOUVER and HAMILTON, ON, May 27 /CNW/ - Travelers Acceptance
Corporation, an independent, national consumer finance company, and CARSTAR
Automotive Canada, the nation's largest and fastest growing collision repair
franchise network, announced today the formation of a strategic partnership.
Under Travelers Automotive Aftermarket Finance Program, the partnership gives
CARSTAR Automotive Canada franchise locations point of sale financing for
their customers for added choice and a hassle free repair experience.
"The exciting growth of CARSTAR Automotive in Canada is a testament to
the excellence of the products and services provided by CARSTAR. Travelers is
proud to work with CARSTAR and its franchise locations to enhance their
offering with affordable monthly payment options from Travelers," said
Director of Business Development for Travelers Acceptance Corporation, Pierre
Genest. "We will be rolling out the program by province beginning with
Ontario, followed by BC, Alberta, the Atlantic provinces, the Prairies and
Quebec."
"Our goal at CARSTAR is to provide our 125 franchisees with superior
tools to meet the needs of Canadian motorists as the means to achieve growth
and long-term sustainability as the leader in the collision repair industry,"
said Mary-Jane Marshall of CARSTAR. The Travelers solution is a great fit."
About Travelers: Travelers Acceptance Corporation has since 1974 been
engaged by small and medium size businesses to provide financial choice and
the generation of value through the application of experience, service and
innovation to arrange, structure and fund unique indirect consumer financing
solutions that close more sales, increase the businesses customer base and
overall profitability. Travelers Acceptance Corporation consults with its
business clients to create term financing solutions and services specifically
tailored to providers and consumers of products and services in tuition,
automotive aftermarket, automotive repair, vacation ownership, healthcare,
membership, consumer durables, retail, power products and home improvement
businesses. For more information about Travelers Consumer Finance visit
www.travelersacceptance.com.
About CARSTAR Automotive Canada: CARSTAR is the only nationwide quality
collision repair network in the country and the fastest growing automotive
repair franchise in North America, with 370 locations. Founded in Hamilton,
Ontario in 1995, CARSTAR Automotive Canada has grown from eight to 125
locations in 10 provinces in just thirteen years. CARSTAR repairs
approximately one in 20 vehicles in Canada - 6,000 vehicles per month - with
exceptional rates of customer satisfaction. For more information, please visit
CARSTAR at www.carstar.ca.
For further information: Mary-Jane Marshall, Senior Director of Finance,
CARSTAR Automotive Canada, mjmarshall@carstar.com, (905) 388-4720; Pierre
Genest, Director of Business Development, Travelers Acceptance Corporation,
pgenest@travelersfinancial.com, 1-800-637-8622
