sales financing

Today, it's one of Austria's leading consumer and auto finance businesses and a market leader in retail sales financing.

This "branch network" segment purchases retail sales finance contracts, and provides revolving retail sales financing services.

He joined the company as head of sales financing in 1984 following positions with the First National Bank of Chicago and Security Pacific.

TFS offers its Japanese customers financial services that include auto sales financing, credit cards, retail sales of corporate bonds and investment trusts, and insurance.

His father is a lawyer at CIT Group Sales Financing Inc. in Livingston, N.J.

Mainly concentrated on auto loans, leases and Toyota dealer floorplan requirements, TFS provides auto sales financing to approximately 5.4 million customers.

Time sharing is also being tried, so people with incomes of, say, $200,000 a year can own a piece of an 80-foot yacht for $70,000 down, said Guy E. Veni, executive vice president of the sales financing division of CIT, a $1 billion underwriter of boat loans.