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When the housing bubble popped, so did the financial system that guided the automotive retail industry to record sales. F&I expert breaks down the financial instrument responsible for today’s financial woes, and provides some insight into the pressures your customers are facing.
Read More →Low vehicle sales, more delinquencies and tighter lending criteria has made 2008 a tough year. Finance expert explains why lenders will continue to adjust lending strategies, and why it will be tougher for high-risk consumers to obtain loans.
Read More →Subprime might be a dirty word these days, but there are four good reasons why dealers shouldn’t fear this market segment. For one, more than 40 percent of consumers have fallen into that credit tier.
Read More →Consumer credit association breaks down tax plans of both presidential candidates, and discusses their impacts on the automotive finance industry.
Read More →Tightening advances have dealers feeling the pinch and wondering when and if things will improve. Subprime veteran Jack Lintol knows it’s just a case of history repeating itself.
Read More →A lease-here, pay-here program can offer dealers the same opportunity to serve the special finance market as buy-here, pay-here, often with fewer upfront costs.
Read More →Nothing could describe the month of July better than a headline I read in CNW Market Research’s July 16 newsletter. It read: “Time to Panic: Industry Pushes Into Auto DefCon4.” I wonder what the headline would have read if the newsletter was released nine days later.
Read More →“Missed it by thaaat much . . .” That phrase always brings to mind the inimitable Don Adams and his bumbling but well-intentioned television character, Maxwell Smart.
Read More →This month marks Bobit Business Media’s first PowerSports F&I Conference. For those not attending, I’d like to give you a taste of what you’re going to miss.
Read More →Way back in 2003, Congress passed the Fair and Accurate Credit Transactions Act (FACTA). For us lawyers, it’s the gift that keeps on giving.
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