The online consumer lender Avant is expanding into auto lending.

Chicago-based Avant said Monday that it has started offering to refinance car owners' loans. The firm also plans to begin financing purchases of new and used vehicles later in 2016.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.