OnlineBKmanager, AFS Partner on Bankruptcy Lead Program
OnlineBKmanager and AFS Acceptance have expanded their Lender Partner Program, a marketing package designed to provide dealers with bankruptcy leads and a relationship with a bankruptcy-focused finance company.
CHANDLER, Ariz. — OnlineBKmanager and AFS Acceptance have expanded their Lender Partner Program, a marketing package designed to provide dealers with bankruptcy leads and a relationship with a bankruptcy-focused finance company.
As part of this ongoing initiative, AFS Acceptance’s active dealers will receive a package discount on OnlineBKmanager services. “I am thrilled about this addition to our Lender Partner Program,” said Robert Davies, OnlineBKmanager president. “AFS Acceptance offers excellent finance options in markets previously untapped by our program.”
AFS Acceptance serves franchised and independent car dealers’ subprime financing needs. Its tiered program, specializing in open BK’s, equity deals and more, provides users with a complete set of pricing options. The company also helps its dealer partners fund contracts quickly and sell more automobiles, according to the company.
“We have recently revamped our program to give our dealers another option for their bankruptcy customers and we will work hard to give them a way to go,” said Scot Seagrave, executive vice president. “With a strong emphasis on customer service and a new program, I am confident we can gain market share and help our dealers improve their bottom line. We are truly excited about 2012.”
For more information, visit www.OnlineBKmanager.com.
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 →