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Leasing accounted for a record 27.5 percent of all new vehicles financed in the first quarter, according to Experian Automotive. The firm also noted decreases in average monthly payments and a stretching of loan terms.
Read More →CarFinance Capital completes $238 million asset-backed securitization at the end of May. The transaction comes two months after the finance company renewed and increased its warehouse credit facility to $300 million.
Read More →GLS customers can now process credit apps electronically through the RouteOne platform.
Read More →The subprime auto finance source is now operational in 15 states after entering the Arizona, Colorado and Minnesota markets.
Read More →After entering the Alabama market this past week, the below-prime auto finance source is now operational in 23 states.
Read More →Since purchasing the assets and platform of Resurgent Auto Finance last August, Global Lending Services has expanded its footprint into 19 states.
Read More →The below-prime auto finance source increases its warehouse credit facility to fuel its originations activities this year. CarFinance currently operates in 44 states.
Read More →Usage of Shastic’s social loan calculator is picking up, with the Berkeley-based company expanding its client base by 66 percent in the first quarter of 2013. Auto loans so far account for 49.4 percent of usage of the company’s Calcubot.
Read More →Regulators are looking at our business, but the editor doesn’t think we have anything to fear — that’s if we’re ready to become part of the solution.
Read More →Renewal ensures stable, consistent funding for Jaguar Land Rover North America dealers for an additional five years.
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