Vroom to acquire United Auto Credit for $300M

UACC will serve as the online retailer’s captive financier

Online used-car retailer Vroom has entered into a definitive agreement to acquire subprime lender United Auto Credit Corporation in a $300 million all-cash deal, a move that will establish a fully integrated captive finance arm within the next year.   The transaction is expected to close in Q4 2021 or early 2022, subject to customary closing […]

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