Finance Express Adds Prestige to Lender Portal
Finance Express announced today that it has entered into an agreement with Prestige Financial that will make the specialty auto finance source available to independent dealers on the technology company's lender portal.
RANCHO SANTA MARGARITA, Calif. — Finance Express, a provider of web-based financial services and technology for independent dealers, announced today that it has entered into an agreement with Prestige Financial, a specialty auto finance source.
Under the agreement, dealers will now have access to the special finance lender through Finance Express’ lender portal.
"We are excited and proud to team up with Prestige Financial," says Michael Flashner, COO of Finance Express. "As the lending terrain has narrowed over the past few years, dealers need a partner like Prestige, who can offer them flexible, common-sense and consistent credit decisions."
The joint initiative will go live in more than 20 states this month.
"This country is full of strong, independent operators who spend their days helping people to buy affordable and reliable vehicles," said Prestige COO Bryant Henrie. "Finance Express provides an excellent way for us to support these efforts with robust credit options typically reserved for franchised dealerships."
More Auto Finance
Dealerships Are Paying the Price for Extended Car Loans
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.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Cars a Tad More Affordable
May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.
Read More →
First-Quarter Sees Long Auto Loan Growth
Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.
Read More →
Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →