BREAKING: SNAAC to shut down this month | Auto Finance News | Auto Finance News

BREAKING: SNAAC to shut down this month

© Can Stock Photo / iofoto

Security National Automotive Acceptance Co. (SNAAC) will stop purchasing auto contracts and liquidate its portfolio after 30 years in the business, Auto Finance News has learned. The lender will accept applications through Aug. 12 and purchase contracts through Aug. 19, the lender told AFN in an email. “The risk-adjusted returns in today’s market do not […]

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