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AFG Campaign Promotes Finance Product for Credit Unions

February 27, 2009

Houston — Auto Financial Group (AFG), a source of residual-based finance products for credit unions, has launched the “Good News” campaign to promote Driving Sense, an online-based auto financing software for credit unions.  

AFG’s Driving Sense allows credit unions to “build” a vehicle for their members, compare payment terms with conventional loans, and offer their members lower payments (often as much as 40 percent lower), flexible two- to six- year terms, actual ownership of the vehicle and several end-of-term options. 

Driving Sense removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance, as well as handling the vehicle’s disposition at the end of the term.

AFG is paid one low administration fee for each Driving Sense loan, while the credit union earns all the interest. Credit unions are protected while building an important relationship with their members.  

Dealerships that have seen their leasing options dry-up recently also benefit from this alternative financing source, with credit unions across the country available to offer Driving Sense.  

“We have never seen a better time for our Driving Sense product since the inception of our business in 1999,” says AFG president Richard Epley. “It is a product that provides dealerships with a valuable financing option to keep customers coming in, credit union members with lower payments and credit unions with a higher yielding loan, a combination of features that are simply unmatched in the current marketplace.”

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