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America's Car-Mart was founded in 1981. They presently have 92 locations in Arkansas, Alabama, Oklahoma, Missouri, Kansas, Kentucky, Indiana, Tennessee and Texas, Car-Mart (CRMT)provides affordable used vehicles for the proletariat. With over 36,000 customers (many repeats, according to Car-Mart) this company has managed to maintain success by operating in smaller towns, internally financing most of the vehicles it sells and fostering unique sales system that at times borders on barter.
Business
At CRMT, buyers can pay their vehicle loans weekly, biweekly and monthly. If the buyer is short on cash, Car-Mart will place the vehicle in a layaway plan that allows payments of up to six weeks on one's down payment. Car-Mart trades for just about anything of value, from electronics, to household appliances, even farm animals, making this one-of-a-kind company part auto dealer, part loan company, part pawn shop and part rendering factory. Perfect for the small-town southern and south central U.S.
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