LITTLETON, COLORADO, USA — March 12, 2015—PassTime®, a leading provider of GPS-based technology solutions and The Car Finance Company, Europe’s leading alternative finance lender, announced today an exclusive agreement between the two companies that will bring 70,000 payment assurance and telematics devices to the United Kingdom. 

The deal will build upon an already successful relationship between PassTime and The Car Finance Company, offering solutions and distribution in the United Kingdom.

"PassTime has been supplying Payment Assurance and GPS devices to The Car Finance Company since 2009 and it is been a real pleasure to work with a company that recognizes the quality and features of the products that PassTime designs and distributes worldwide. We are looking forward to supporting The Car Finance Company's continued growth in the UK markets and we also have just finalized a distribution agreement with them for additional expansion into additional European markets which is very exciting," said Stan Schwarz, Founder/CEO of PassTime USA.

Mark Smith, Managing Director & Founder of The Car Finance Company stated, "We have enjoyed a long term relationship with PassTime and it gives me great pleasure to sign a long term contract with the pioneers of this technology and we look forward to a prosperous and continued high growth future together."

In business for more than twenty years, PassTime provides solutions to enhance collection processes and reduce delinquencies and repossessions through its GPS tracking and unique Automated Collection Technology (ACT).  PassTime prides itself on offering high-quality and reliable products to the subprime vehicle financing industry along with unmatched 24/7 live customer care for its customers and end users. 

The Car Finance Company, based in Portsmouth, United Kingdom, was founded in 2007 to provide financing to those with poor credit.  The company focuses on ethical and responsible lending and putting the customer’s interest at the heart of every decision.   This personal approach to business along with the company’s motto: “We care about your future, not your past” has helped the organization gain national recognition, winning 18 industry awards since 2011.  

For more information please contact PassTime at 877-727-7846 or info@passtimeusa.com or The Car Finance Company at 02392 448600 or marketing@thecarfinancecompany.co.uk

About PassTime

PassTime provides GPS based technology solutions serving the auto finance, fleet and vehicle anti-theft industries.  Headquartered in Littleton, Colorado, PassTime was founded in 1992; PassTime revolutionized the automotive finance industry with the creation of its first Automated Collection Technology (ACT) product in 1997 designed to improve customer payment performance and reduce default and repossession risks. The PassTime suite of products has evolved to include GPS tracking, wireless ACT, theft recovery, and fleet solutions.  PassTime prides itself on providing high quality, reliable products matched with a 24/7 Live Customer Support center.  Today, PassTime’s innovative products are used by thousands of automotive lenders and dealers, fleets, and consumers. 

About The Car Finance Company

The Car Finance Company is one of Britain’s leading lenders of car finance to hard working people who are denied access to mainstream credit.  Founded in 2007 it now has branches throughout England and Wales, with its Headquarters in Portsmouth.  The company has built a highly-ethical car finance business which has set the bar to a new level in the industry; where customers are truly put first and treated with dignity and respect.