Since 1988, Flagship has been a leader in the automotive lending industry. Flagship was a pioneer in providing flexible, affordable below-prime financing solutions for its dealerships. The company was an innovator during the early years of below-prime financing by offering some of the industry’s first non-recourse programs, extended terms, and higher advances .. By the late 90’s, Flagship had successfully originated and managed over $1 billion in auto loans through a nationwide network of dealers.
In 2000, one of the nation’s largest lending institutions acquired the original Flagship and used the company as the basis of what grew to over a $20 billion auto lending giant.. While the acquisition may have put a temporary end to the Flagship name, it certaintly did not end the spirit of the company…
On February 12, 2006, members of Flagship’s original management team launched a rebirth of the company, Flagship Credit Corporation. The reborn Flagship went on to provide effective Non-Prime financing for over 3,000 dealerships across the United States.
In September 2010, Perella Weinberg Partners acquired the assets of Flagship Credit Corporation. With the management team intact, the company was restructured as Flagship Credit Acceptance. .
Today, Flagship continues to grow and maintain its position as the below-p rime lender of choice. The company is currently well-capitalized with a shareholder committed to the auto finance sector, a team of people dedicated to serving dealers and borrowers, and a long history of successfully navigating even the most violent of storms.