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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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Harley-Davidson Inc. announced Friday that John Olin, the motor company's vice president and controller, will take on the added responsibility of interim chief financial officer for Harley-Davidson Inc. It also announced that Perry Glassgow, the company's vice president and treasurer, will also serve as the interim president of Harley-Davidson Financial Services (HDFS), effective immediately.
Read More →While Chrysler LLC’s bankruptcy filing under Chapter 11 on Thursday provided a clearer picture of the troubled automaker’s way forward, it left the future of Chrysler Financial clouded.
Read More →On the same day it confirmed its newly forged alliance with Fiat SpA and its filing for bankruptcy protection under Chapter 11, Chrysler LLC announced that GMAC will now become its preferred lender for dealer and consumer business.
Read More →Pelican Resource Group LLC, a provider of subprime lending services, launched Profit Over Time, a program that helps franchised and independent dealerships meet the needs of consumers interested in used vehicles.
Read More →Nationwide Biweekly Administration (NBA), a nationwide administrator for weekly and bi-weekly programs, launched its Bi-weekly Auto Payment service for car dealerships and consumers.
Read More →Sheffield Financial, a subsidiary of BB&T Corporation established a new relationship with Kawasaki Motors Corp. USA to provide installment retail financing for Kawasaki dealers.
Read More →XpressCredit added a customer information verification tool, FacTrack, to its loan origination system.
Read More →In response to customer and dealer demand, Husqvarna Motorcycles NA extended its Hero Deals 4.99 percent retail sales promotion until July 1, 2009. Hero Deals offers two customer purchase options: 4.99 percent financing backed by BMW Financial Services, or a $1,000 factory cash discount.
Read More →Honda Marine launched a special consumer stimulus package for the summer boating season, offering 4.99 percent APR re-power financing rates throughout the summer.
Read More →National Automotive Experts (NAE) and National Warranty Administration Network (NWAN) have struck a partnership with Service Payment Plan Inc. (SPP), a Chicago-based financing company that offers an interest-free payment plan option for service contract purchasers.
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