AFC’s Principal Pass Celebrates More than $2 Million in Deferred Principal Payments

Curtailment Program Provides Dealers with Expanded Flexibility

CARMEL, Ind. – Nov. 9, 2022 – Automotive Finance Company, a business unit of a leading provider of digital marketplace solutions for used vehicles KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), announces more than $2 million in deferred principal payments since launching an industry-leading deferred curtailment program, Principal Pass. The product enhancement provides eligible dealers with the option to pay a $50 fee in exchange for a $0 principal payment at the time of curtailment for eligible vehicles, without a change to their existing financial contracted terms.

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AFC’s Principal Pass Celebrates More than $2 Million in Deferred Principal Payments – KAR Auction Services, Inc. – KAR Global