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October 24, 2013

OnPoint Drops Buy-Back Requirement

Buy-here, pay-here auto financing company OnPoint launched a new lending program, 30/30, which eliminates the buy-back requirement on repossessed vehicles.

October 22, 2013

A New Band: GAP Trends

Four-tier GAP programs are gaining traction thanks to current auto finance trends, and dealers who have adopted the pricing structure say they’re leaving less money on the table as a result.

October 1, 2013

Modesto Dealers Sentenced to Prison for Bank Fraud

Two brothers who owned and operated several California dealerships were sentenced to more than four years in prison and ordered to pay more than $600,000 in restitution for conspiring to commit bank fraud.

September 26, 2013

Huntington Expands Dealer Finance Business in Iowa

The bank holding company has hired a seasoned team with knowledge of the Iowa market to lead its expansion, company officials report.

August 22, 2013 Rhode Island Tops 10 Worst States for Financing a New Car released this week its “10 Worst States for Financing a New Car” list. In the Top 5 were Rhode Island, New Jersey, Massachusetts and Louisiana.

June 25, 2013

House Republicans Call CFPB Agenda a ‘Loss to Consumers’

Thirty-five congressional republicans warn the bureau that reforms it seeks in the auto finance industry could weaken marketplace competition and hurt a consumer’s ability to obtain the best financing terms.

March 20, 2013

Unified Front

Regulators are looking at our business, but the editor doesn’t think we have anything to fear — that’s if we’re ready to become part of the solution.