Solera Auto Finance bought by managers, Obra Capital; now called Arra Finance

πŸš— Solera Auto Finance is now Arra Finance after a management buyout with Obra Capital. #AutoLoans #FinanceNews

Solera Auto Finance’s leadership has purchased the lender in a management buyout with partner Obra Capital and renamed the company Arra Finance. It will write subprime auto loans at new- and used-car dealerships.

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