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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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A 10-year licensing agreement that allowed payday lenders operating in Arizona to originate loans above a 36 percent usury cap will be allowed to expire tomorrow, causing many payday lenders in that state to switch to offering automotive title loans — or close their doors.
Read More →ZimpleMoney launches ZimpleAuto, a solution that allows dealers to make and manage loans directly to low- and middle-income consumers, bypassing traditional lenders, banks, and credit unions.
Read More →Consumer are more cautious about spending and are conducting more research before making major purchases in the wake of the economic downturn, but a new study reveals that they still have a lot to learn.
Read More →Despite the industry’s victory in May regarding finance reform, F&I’s legal experts say that business as usual is still under fire.
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Nonprime auto finance continues to show signs of recovery, but dealers say they will need more than just good feelings to ride out the storm.
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Sixty-day delinquencies are on the decline and credit quality continues to improve, but lenders still favored prime customers in the first quarter.
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F&I trainer gives three reasons why cash conversions don’t work, along with one technique that will.
Read More →Exeter Finance Corp., a specialty auto finance company, has named Mark Floyd, a former AmeriCredit executive, as its CEO and vice chairman of the board.
Read More →BMW Group Financial Services announced Sunday that BMW dealers in Michigan and Texas have implemented its proprietary e-contracting system, a point-of-sale solution for retail, lease and pre-owned vehicles, in their dealerships.
Read More →American consumers are doing a better job of making payments on their auto loans as delinquencies on 30- and 60-day loans fell in the first quarter of 2010, according to Experian Automotive.
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