Even given the economic and political scrutiny facing buy now/pay later lending, CarParts.com exec Ryan Lockwood contends the product can safely fund expenses that are outside of a consumer’s normal budget.
“I think of a single mom who is trying to get her kids to school or a firefighter who obviously can’t do his job over Zoom,” said Ryan Lockwood, chief financial officer of CarParts.com. “These are people who need to have a reliable car but, given the economy, might not have that disposable money lying around for a sudden and unexpected repair.”
Read the full article in American Banker.
