2006
SAFCO signs financing facility with Wells Fargo for up to $75mm for indirect financing and another $40mm with Capital Source for captive financing.
Archives
2005
SAFCO signs a Preferred Partner Agreement with AutoNation.
2004
SAFCO begins offering indirect financing in Florida, Georgia, and Texas.
2001
SAFCO signs an agreement with Bercadia (jointly owned by Berkshire Hathaway/Lecadia) to service a $100mm troubled portfolio based in Orlando Florida. As a result, the SAFCO Servicing Center is established in Orlando. SAFCO signs agreements with Bercadia for five additional troubled portfolios.
2000
AutoNation closes all of its used-car stores.
1997
Anything on Wheels is sold to AutoNation. George Fussell is hired to run a national chain of dealerships named ValuStop. 1997- 2000: SAFCO sees significant growth as result of the AutoNation/ValuStop, which included originations from Texas-based stores.
1991
SAFCO finances its first contract.
1990
SAFCO, pronounced SAF (like half) – CO, is founded by George Fussell as a captive finance company for a large and successful one-price used car dealership dba Anything on Wheels.
