Record Growth Prompts USEA to Expand HQ
US Equity Advantage has expanded its Orlando headquarters by 40% to accommodate a growing workforce.
US Equity Advantage’s Central Florida office space now covers 12,000 square feet.
Photo courtesy US Equity Advantage
ORLANDO, Fla. — Citing record growth in both enrollment and staffing, US Equity Advantage has expanded its Orlando, Fla., corporate headquarters by 40%, the company announced.
Executives said the move, which creates a total office space of 12,000 square feet, comes in response to increasing demand for the company’s AutoPayPlus F&I service. USEA realized an approximate 50% increase in AutoPayPlus enrollments in 2018 and is on pace to do the same in 2019. In addition, the company’s sales support team has tripled in size over the last 12 months, all according to the announcement.
“Our office expansion supports USEA’s growing sales, dealer services, and customer support teams and was imperative for us to continue providing the level of service our dealership partners and customers have come to expect,” said USEA CEO Robert Steenbergh.
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 →