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Auto Loans

Inovatec Signs Partnership Agreement with VeriFast

Deal designed to offer income, ID verification services to lenders via AI-powered platform that allows them to make faster decisions, reduce risk.

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AutoPayPlus Appoints Director of Finance

David Lee’s global career includes a track record of fiscal project management and revenue generation.

Digital Adoption Up in Q2, Wolters Kluwer Index Shows

Budgetary pressures setting in, and lenders realizing importance of digitizing the entire transaction process.

Inovatec Announces Partnership With Paays

Deal provides advanced verification, fraud-detection capabilities to Canadian lenders.

Credit Access, Consumer Confidence Up

June’s loosening follows spring banking crisis, though access is still tighter year-over-year and compared to prepandemic.

Dealers Face Difficulty Placing Subprime Loans

Extending credit to high-risk customers is harder, but there are ways to get those customers into loans.

Credit Unions Take Vehicle Finance Spotlight in Q4

The category grabs greater share of market as consumers look to save money in challenging financial conditions.

Car Financing Costs Will Keep Rising This Year

Interest rates will continue climb, eating into inventory improvements’ effect.

Auto Loan Payments, Rates Hit Record Highs

The average payment climbed to $717 in the fourth quarter of 2022, which is 50% higher than in 2010, according to Edmunds.

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Car-Buying Grabbing More Wallet Share

Report shows car loan amounts, down payments rising along with interest rates.

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