Industry insider issues a warning to finance sources that restrict a dealer’s freedom to choose which F&I products are offered to car buyers.
The magazine’s legal insider doesn't believe the bureau has jurisdiction over the F&I products industry, but she admits there’s too much gray area in the Dodd-Frank Act to know for sure.
The Dealertrack Credit Application Network has grown from five lenders in 2001 to more than 1,400 lenders today, allowing dealers to electronically submit application data to a diverse network of banks, independent finance companies, captives and credit unions.
Black Book’s new Collateral Insight Engine is designed to help auto finance sources analyze historical, current and projected vehicle values in real time.
Finance sources using the new Equifax Dimensions can see up to two years of detailed consumer credit activity, allowing them to make more precise and profitable lending decisions.
Dealertrack’s credit application network, which allows dealers to electronically submit application data to a diverse network of finance sources, has exceeded 1,300 active lenders.
The National Independent Automobile Dealers Association added Wolters Kluwer Financial Services to its National Corporate Partner Program.
Car dealers and small lenders can now add value to their websites with the recently upgraded free loan widgets and new WordPress Plugins from CarLoanCalculator.me.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In