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Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
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According to Swapalease.com, lease approvals are following similar patterns as the broader consumer credit trends, falling from 73.3% in December to 70.5% in January.
Read More →Dealers using Ristken’s Menu-Pro will not be able to quote US Equity Advantage’s biweekly payment product directly from the menu tool.
Read More →Fiserv reports that econtracts comprised nearly 20% of all funded contracts on its end-to-end auto loan origination solution.
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Data from the third quarter shows that finance sources kept their foot on the gas pedal and an eye on the rearview mirror.
Read More →Asbury Automotive reported a total revenue increase of 13% in the fourth quarter 2013, compared to 2012. Officials expect continued growth in 2014 thanks to a healthy automotive retail environment.
Read More →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.
Read More →The Warranty Group celebrated its 50th year in business at the NADA Convention and Expo.
Read More →CU Direct will showcase the latest generation of its vehicle-shopping website, as well as its new Auto PREMIER concierge program.
Read More →SFG Finance announced this week that its portfolio grew 30% over the last year thanks to the company’s subprime flow program — an initiative in which independent, indirect auto lenders originate and immediately pass through auto loans that meet SFG Finance’s program guidelines.
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F&I trainer says F&I pros shouldn’t fear the interest dealers are showing in combining the roles of sales and F&I. From his experience, the F&I manager remains a critical component of such a process.
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