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Auto Lenders, Consumers on a Tightrope
April borrowing data shows that more consumers are bending over backward to buy vehicles, though subprime lending cooled off for the month.
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SEARCHMENUSEARCHApril borrowing data shows that more consumers are bending over backward to buy vehicles, though subprime lending cooled off for the month.
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By leveraging credit technology, dealerships can process a transaction in less than 30 minutes and put the process in the hands of the consumer.
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There were 4 months of typical seasonal decline in prices, resulting in a relatively flat seasonally adjusted index.
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Black Book recently published an update to their COVID-19 Market Insights report.
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Wantalease.com reports the latest update on new lease offerings entering the month of December.
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Features include mobile optimization and the ability to track loan progress and monitor credit.
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Despite smaller percentage of financed vehicles, outstanding loan balances grew 2.8% year-over-year to more than $1.2 trillion.
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Leader in indirect vehicle leasing for credit unions processed more leases in October than in any other month in its history.
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The settlement makes clear that USEA does not admit to any of the CFPB’s allegations.
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Credit Union industry’s largest auto lending platform expands DMS/CRM integration to include DealerSocket, streamlining the application process for dealers and customers.
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MUSA Auto Finance announced its plans to expand both new and used car leasing nationwide through a partnership with two large U.S. financial institutions working together toward securitization.
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