WOODBURY, Conn., February 2, 2022 /PRNewswire/ — Premier Financial Services – the nation’s leading provider of specialty finance for exotic, vintage and luxury automobiles – today declared 2021 the most successful year in the company’s 25-year history. company, with a 20% increase in the number of cars financed and a 40% improvement in total dollars financed compared to 2020. Premier noted that the company’s 5 national sales regions saw strong growth.
According to Doug EwingVice President of Sales at Premier, “The strong economy and increased interest in driving during the pandemic certainly had a positive impact on our record performance. There were also two other important factors. Externally , the rapid growth of online auctions has provided much greater visibility and buying access to exotic and vintage cars, reflected in the increased volume of interstate transactions at Premier last year. acquisition of Premier by 1st financial bank United States (1FBUSA) in 2021 has significantly increased our ability to fund larger acquisitions.”
Historically, Premier has offered specialty leasing as a financing strategy that, unlike pre-packaged, closed-end lease agreements, offers car owners greater flexibility, such as favorable options for lease termination. In 2022, Premier intends to introduce additional financing methods for car enthusiasts, Mr Ewing said.
Mr Ewing also noted that “half of Premier’s rental transactions in 2021 came from repeat customers, but last year’s growth also reflects many new owners and collectors of classic and exotic cars across all business categories. age – including Millennials, Gen Xers and babies Baby Boomers – who seem unwilling to wait until retirement or win the lottery before they can get their dream car The pandemic has encouraged people to enjoy life now.
Over the past 25 years, Premier has operated successfully in a variety of economic environments and has always been extremely vigilant in protecting the financial interests of its customers by properly assessing the current and projected values of the cars they purchase. Mr Ewing said: “Particularly when market demand and car values are high, Premier combines its deep knowledge of vintage and exotic cars with a first-hand appreciation of market volatility to provide financing responsibly. . It’s why we’re respected in the automotive industry, and why we have a loyal customer base who refer other customers to us.”
About Premier Financial Service, LLC
Since 1997, Premier Financial Services has been a recognized leader in the specialty financing of new and used exotic, vintage and luxury cars. Premier is dedicated exclusively to innovative and customized leasing solutions for customers seeking financing flexibility, capital conservation and the tax advantages of leasing. Premier’s success is based on providing the highest level of customer service in the industry. Visit www.premierfinancialservices.com
About the 1st Financial Bank United States
Founded in 1910, 1st Financial Bank United States provides credit cards, construction financing, rental property loans and SBA loans across the country, as well as a full range of banking services in its local communities. The headquarters of 1FBUSA is at Dakota Dunes, South Dakota. Learn more about www.1fbusa.com
Gordon G. Andrew
Highlander Consulting Inc.
SOURCE Premier Financial Services