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RouteOne LLC announced Jan. 14 that it has completed integration with independent subprime lender Nationwide Acceptance Corporation (NAC). Dealers in all of the markets served by NAC may now process credit applications electronically to NAC through the RouteOne platform.
Read More →Prestige Financial Services Inc. completed its seventh rated term securitization, issuing $140.5 million in notes backed by $151.1 million in subprime automobile installment loans.
Read More →A growing percentage of new-car sales are going to prime-credit customers as banks and other financial institutions look for safer bets, according to CNW Market Research.
Read More →The National Automotive Finance (NAF) Association coined the term “below-prime” to describe the levels of funding in which its members are engaged.
Read More →F&I goes one-on-one with the founder of DealerLink to find out how the company can guarantee financeable subprime leads.
Read More →Consumer Portfolio Services Inc., a subprime financing source, entered into a $50 million two-year credit facility on Sept. 25 with Fortress Credit Corp., an affiliate of Fortress Investment Group.
Read More →Subprime and deep subprime outstanding balances have grown 33 percent in the past three years as consumers continue to migrate to lower credit bands, according to the Experian-Oliver Wyman Q2 2009 Market Intelligence Reports.
Read More →The subprime and nonprime auto finance industry has definitely seen better days, but there are signs of a rebound on the horizon. Finance expert weighs in on the situation.
Read More →Vehicle Acceptance Corporation (VAC) plans to open a new branch office in Indianapolis in the fall, demonstrating the growth of the buy-here, pay-here market in the Midwest.
Read More →RouteOne LLC completed integration with California-based Westlake Financial Services, a privately held finance company specializing in the acquisition and servicing of near-prime to subprime automotive retail installment contracts.
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