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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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Smart USA announced Monday the launch of the "smart USA Advance Program," which advances to dealers the applicable credit under the government-funded Car Allowance Rebate System (CARS) when an eligible vehicle is traded in with the purchase of a smart fortwo.
Read More →XpressCredit announced Monday that Consumer Auto Finance Inc. of Waco, Texas, adopted its credit aggregation system (CAS) and has become a lending source for the auto dealers on the XpressCredit platform in Texas.
Read More →Wolters Kluwer Financial Services announced Monday that Marine One Acceptance Corporation has joined its AppOne loan financing platform.
Read More →FinCo Management’s “BuyHere-PayTHERE” (BHPT) program, a system that allows automotive and powersports dealers to approve and finance their own deals, is now available in 30 states, including Florida, Texas and California.
Read More →Westlake Financial Services expanded its services in July into three states — Maine, Connecticut and Alaska — and named a new assistant vice president of sales to lead marketing in these states.
Read More →FinCo Management’s “BuyHere-PayTHERE” (BHPT) program, a system that allows automotive and powersports dealers to approve and finance their own deals, is now available in 30 states, including Florida, Texas and California.
Read More →The average interest rate for new-car loans rose slightly in May, while the amount financed increased, according to the latest Federal Reserve Statistical Report.
Read More →Wolters Kluwer Financial Services announced Monday that 110-year-old Gulf South financial services leader Hancock Bank has joined its AppOne platform, a technology solution that helps connect lenders with automotive dealers.
Read More →General Motors simultaneously launched its “72-Hour Sale” last Wednesday, and announced that it has 74 different models that may qualify under the federal government’s “Cash for Clunkers” program.
Read More →Priority One Financial Services announced Wednesday the retirement of Lisa Gladstone, company founder and president.
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