GE Money teams up with Carsmetrics

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GE Money, the consumer lending unit of General Electric Co., is partnering with Carsmetics to offer a consumer financing program for making auto repairs.

The program, CarCareOne, is a private label credit program that offers consumers a no annual fee card with no down payment required and an optional customer payment protection plan. It is managed by GE Money’s Sales Finance unit, which provides billions of dollars of consumer financing through more than 145,000 small and medium business locations across the United States.

According to Carsmetics, which offers express accident repair service concentrating on drivable automotive repairs, 70% of all accidents leave the vehicle in drivable condition, with no structural repairs needed.

Car owners can use the new financing program to pay for repair services, including collision, drivable and cosmetic damages.  These deferred interest promotional terms also can be used to pay for insurance deductibles.

In addition to offering the CarCareOne card, Carsmetics’ stores will have access to GE Money’s Web-based finance management portal, Business Center. Business Center provides business clients with an easy, secure way to manage their credit programs and better serve their customers

“This program offers a new, flexible and convenient way for car owners to make the repairs they need and get back on the road again quickly and cost effectively,” says Steve Roe, general manager, automotive, GE Money/Sales Finance.

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