The Industry's Leading Source For F&I, Sales And Technology

Top News

TAG SEARCH RESULT: auto finance

126  -  148  of  148

January 28, 2014 - Industry News

700 Credit, Equifax Partner on Income and Employment Verification Solution

The two firms have partnered on a new solution for dealers that is designed to resolve “stips” raised by their finance sources, allowing them to instantly verify income and employment information.

Tags: 700Credit, auto finance, Employment Verification, Equifax, lenders

December 5, 2013 - Industry News

Experian: Auto Loan Interest Rates Fall to All-Time Low

According to the latest report from Experian Automotive, interest rates for auto loans fell to an all-time low in the third quarter, while the average amount financed reached its highest level since 2008.

Tags: auto finance, Auto Loans, Experian Automotive, interest rates

October 24, 2013 - Industry News

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.

Tags: 30/30, Andy Regula, auto finance, lending program, loan, OnPoint Financial Corp.

October 1, 2013 - Industry News

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.

Tags: auto finance, bank fraud, Credit Applications

September 26, 2013 - Industry News

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.

Tags: auto finance, Huntington Bancshares, Iowa

August 22, 2013 - Industry News 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.

Tags: auto finance, Study

July 25, 2013 - Industry News

Black Book: Pickups Represent Growth Opportunity for Finance Sources

Compact, mid-size and full-size pickups should offer a strong growth opportunity for auto lenders looking to expand their portfolios, according to data from Black Book Lender Solutions.

Tags: auto finance, BlackBook, Brittany-Marie Swanson, Lender, vehicles

July 18, 2013 - Industry News

Ally Exploring Ways to Repay Fed Bailouts

Ally Financial announced Tuesday in a filing with the SEC that it will explore alternatives to repay the Treasury for its $17.2 billion bailouts, according to The Detroit News. Ally must reach a payment agreement with the Feds before it can go forth with its planned IPO.

Tags: Ally Financial, auto finance, bailout, Debt, Treasury

June 25, 2013 - Industry News

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.

Tags: auto finance, CFPB, Congress, Consumer Financial Protection Bureau

June 20, 2013 - Industry News

CFPB’s Hackett to Depart Bureau

A spokesperson with the CFPB confirmed yesterday that Rick Hackett will depart the bureau later this summer. He was hired in May 2011 to oversee installment lending markets, including auto finance.

Tags: auto finance, CFPB, departure, loans, Richard Hackett

June 11, 2013 - Industry News

Experian Automotive: Auto Leasing Reaches Record High

Leasing accounted for a record 27.5 percent of all new vehicles financed in the first quarter, according to Experian Automotive. The firm also noted decreases in average monthly payments and a stretching of loan terms.

Tags: auto finance, Experian, leasing, Prime, subprime

June 6, 2013 - Industry News

CarFinance Capital Completes $238 Million Asset-Backed Securitization

CarFinance Capital completes $238 million asset-backed securitization at the end of May. The transaction comes two months after the finance company renewed and increased its warehouse credit facility to $300 million.

Tags: auto finance, CarFinance Capital, securitization

June 6, 2013 - Industry News

Global Lending Services LLC Joins RouteOne

GLS customers can now process credit apps electronically through the RouteOne platform.

Tags: auto finance, Doug Duncan, Global Lending Services, GLS, RouteOne

May 9, 2013 - Industry News

Friendly Finance Enters Three New Markets

The subprime auto finance source is now operational in 15 states after entering the Arizona, Colorado and Minnesota markets.

Tags: auto finance, Friendly Finance Corp., new market, Steve Pittler, subprime

April 30, 2013 - Industry News

Nationwide Acceptance Enters Alabama Market

After entering the Alabama market this past week, the below-prime auto finance source is now operational in 23 states.

Tags: Alabama, auto finance, Finance, Nationwide Acceptance Corporation

April 23, 2013 - Industry News

Global Lending Services Continues National Expansion

Since purchasing the assets and platform of Resurgent Auto Finance last August, Global Lending Services has expanded its footprint into 19 states.

Tags: auto finance, Global Lending Services

April 2, 2013 - Industry News

CarFinance Renews and Increases Credit Facility to $300 Million

The below-prime auto finance source increases its warehouse credit facility to fuel its originations activities this year. CarFinance currently operates in 44 states.

Tags: auto finance, CarFinance Capital,, loan originations, warehouse credit facility

March 26, 2013 - Industry News

Shastic Doubles Social Loan Calculator Client Base

Usage of Shastic’s social loan calculator is picking up, with the Berkeley-based company expanding its client base by 66 percent in the first quarter of 2013. Auto loans so far account for 49.4 percent of usage of the company’s Calcubot.

Tags: auto finance, auto loan, Calcubot, digital marketing, Finance, loan, mortgage, Shastic

February 28, 2013 - Industry News

Chase Renews Agreement With Jaguar Land Rover

Renewal ensures stable, consistent funding for Jaguar Land Rover North America dealers for an additional five years.

Tags: Andy Goss, auto finance, Chase Auto Finance, J.P. Morgan Chase, Jaguar, JPMC, Land Rover, private label

November 29, 2012 - Industry News

Missouri AG Reaches $125K Agreement With Auto Finance Company

Credit Acceptance Corp. settles complaint filed by the Missouri Attorney General over the auto finance company’s collections practices.

Tags: auto finance, auto finance company, Chris Koster, Credit Acceptance Corp., Missouri attorney general

October 4, 2012 - Industry News

Equifax Reports Growth, Stability in Auto Finance

Auto loan originations totaled 10.7 million for the first half of the year, the highest mark since 2007 when 11 million loans were opened, Equifax reports.

Tags: auto finance, Equifax, Equifax National Consumer Credit Trends Report

May 31, 2012 - Industry News

Westlake Now in All 50 States

The full-spectrum finance source will officially enter the Massachusetts market on June 1, and is already signing up dealers in that state.

Tags: auto finance, Westlake Financial Services

May 17, 2012 - Industry News

Auto Loan Default Rate Falls to Eight-Year Low

Default rates for all loan types except bank cards fell for the fourth consecutive month, reaching their lowest levels since at least the end of the recent economic crisis.

Tags: auto finance, default rates, S&P/Experian