Car & Automotive

Car Capital Closes $20 million Debt Deal With Medalist Partners | State

GRAPEVINE, Texas, April 13, 2021 /PRNewswire/ — Car Capital, an automotive FinTech company, has closed a $20 million credit line with Medalist Partners. This transaction gives Car Capital access to capital to expand their business, fund deals, and ultimately get consumers into cars. Car Capital’s proprietary, web-based platform, Dealer Electronic Auto Loan System (DEALSSM) allows franchise and independent dealers to make 24/7 immediate auto loan decisions for 100% of their customers.

We are thrilled to work with Medalist to grow our dealer network. —Brian Reed, Chairman at Car Capital.

“Car Capital is excited to be able to help our dealer partners offer financing to their customers through the debt we’ve secured with Medalist Partners. We are planning to significantly expand our dealer network and grow our revenue with this additional capital,” said Justin Tisler, Co-founder and CEO at Car Capital. “Medalist has been an invaluable

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CT car dealers push back on ‘Tesla bill’

Figures in the state’s car dealership industry are once again taking aim at a bill that would permit electric vehicle manufacturers to sell their cars directly to consumers, arguing the proposal will result in fewer protections for buyers and undercut local businesses.

The bill, known as SB 127, is the latest in a series of attempts to at least partially roll back some aspects of the state’s dealer franchise law, which requires car companies to sell through franchised dealers. Lawmakers put forward a direct sales proposal every year between 2015 and 2019, but each time it stalled in the General Assembly.

Within Connecticut’s car dealership sector, the reappearing legislation has come to be known as the “Tesla bill,” after California-based electric vehicle maker Tesla Inc. Tesla has backed similar legislation in states throughout the country in an effort to expand its direct sales model and, as the world’s largest electric

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This $7 wash mitt wiped away my dread of DIY car washing

I pride myself on being an auto-enthusiast who’s far more concerned about how my car performs than how it looks. The motivation to wash and detail my car is only barely there – enough to want to avoid embarrassment when I pull into a parking lot or arrive at a meetup, but only barely. For years, I told myself that adding $10 at a fuel pump to run my car through some brutal automated wash tunnel was good enough.

I was lying to myself. Now that I can happily wash my car properly in about 15 minutes, I’ll never go back.

Chemical Guys Chenille Premium Scratch-Free Microfiber Wash Mitt, Blue, Model Number: MIC811 – amazon.com

6.99Shop Now

My secret is simple: a chenille wash mitt. You can buy one for less than $10 at any place with an automotive department, but I prefer this $7 Chemical Guys model because

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Nutson’s Weekly Auto News Roundup


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AUTO CENTRAL CHICAGO April 11, 2021 Every Sunday Larry Nutson, The Chicago Car Guy and Executive Producer, with able assistance from senior editor Thom Cannell from The Auto Channel Michigan Bureau, compile The Auto Channel’s
“take” on this past week’s automotive news, condensed into easy to digest news Nuggets.

LEARN MORE: Links to full versions of today’s news nuggets along with a million pages of the past 25 year’s automotive news, articles, reviews and archived stories residing in

The Auto Channel Automotive News Library can be found by just copying and then inserting the main headline into the News Library Search Box.

Want more automotive content than our million plus pages?, TV viewers can watch The Auto Channel-TV Network on Hulu, Google, You Tube and of course TUNA Digital Network and Old Fashioned “Free and Clear” OTA (Over the air)
TV in Boston and South Florida as well as local

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