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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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AppOne, a part of Wolters Kluwer Financial Services, announced Monday that Dow Louisiana Federal Credit Union (DLFCU) is the first lender to join AppOne’s credit union platform.
Read More →Triad Financial appointed Stephen Smith to oversee the company’s third-party servicing efforts. In his role as director of portfolio servicing, Smith will manage Triad’s business development initiatives, client relations and the daily operations of servicing clients’ consumer vehicle loans.
Read More →Kia Motors America (KMA) announced last Thursday that it successfully closed a $305 million revolving credit line with three U.S. lenders.
Read More →GMAC Financial Services will temporarily ease wholesale finance charges for dealers and earmark $5 billion for consumer auto loans over the next 60 days, in an attempt to reduce the stress on U.S. auto dealers and expand the credit available to retail customers.
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By the end of 2008, more than $7 billion worth of automotive loans were 60 days delinquent. Experian market analyst tracks the single-most challenging year for auto finance and provides her take on the road ahead.
Read More →While the fourth quarter 2008 was tough for the banking industry, the financial conditions of commercial banks and savings and loans are expected to further deteriorate in 2009 and the first part of 2010, according to Barron Putnam, president of LACE Financial Corporation, a provider of credit rating services.
Read More →CUDL, which administers a point-of-sale and indirect auto-lending network for credit unions, has partnered with Kia Motors America (KMA) to provide credit union members with discounts on new vehicle purchases.
Read More →Data continues to show that debt-protection programs, such as the Hyundai Assurance Program, are doing more than just simply driving sales, reported CNW Research in March.
Read More →Ford Motor Credit Company said it will take a bigger chunk out of Ford Motor Company’s $2.2 billion in term loan debt by increasing last week’s $500 million pledge to $1 billion.
Read More →The industry is showing signs of life, as lender thresholds for new-vehicle buyers showed signs of loosening up in February, reported CNW Research.
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