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CARite logo — better cars. better experience. peace of mind.

CARite

better cars. better experience. peace of mind.

Founded 2011 United States Madison Heights, United States 146 employees Debt Financing Total: $45.00M Automotive

General Information

Company Name CARite
Founded Year 2011
Location United States Madison Heights, United States
Employees 146
Industries Automotive
Funding Stage Debt Financing
Social

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About CARite

CARite is a United States-based startup established in 2011, with a focus on enabling independent car dealers to better serve customers with less than perfect credit. The company's slogan "better cars. better experience. peace of mind." encapsulates its commitment to revolutionizing the car buying and leasing experience for customers. CARite provides participating dealers, known as "CARite dealers," access to the nationally recognized CARite brand identity, its proprietary systems, and standardized processes. Additionally, these dealers gain exclusive access to a unique non-prime leasing platform, allowing them to approve customers for leases on late model low mileage cars, irrespective of their credit history. Moreover, CARite facilitates its dealers' engagement with leading finance companies and industry vendors. The startup's last investment was a $45.00M Debt Financing round on 10 January 2018, with Crystal Financial participating as the investor. CARite's business model aims to enhance customer affordability of higher quality vehicles, improve customer satisfaction, and foster repeat business over time.

Business keywords: Automotive, Car dealerships, Non-prime leasing, Credit approval, Customer experience, Customer satisfaction, Vehicle sales, Revenue generation, Finance companies, Industry vendors

Funding Rounds & Investors (1)

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Funding Stage Amount Investors Lead Investors Date
Debt Financing $45.00M 1
Crystal Financial
Crystal Financial
10 Jan 2018

CARite Alternatives & Competitors

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CARite vs
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Auto Trakk, LLC
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FAQ About CARite

better cars. better experience. peace of mind.
CARite was founded in 2011.
CARite is headquartered in Madison Heights, United States.
CARite operates in Automotive. Its work centres on Automotive, Car dealerships, Non-prime leasing and Credit approval.
CARite has approximately 146 employees.
CARite has completed 1 funding round, raising a total of $45.00M. The latest funding stage is Debt Financing.
Top alternatives and competitors to CARite include Autopact, Ray Brandt Toyota, Auto Trakk, LLC, CarChat24, Archipiélago Renting. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
CARite and Autopact are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for CARite, https://bouncewatch.com/company/carite, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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