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WEBAuto Finance News provides the latest updates and insights on the auto finance industry, including fraud cases, financing trends, and program developments.
Navy Federal Credit Union launches online car-buying platform …
WEBMar 12, 2021 · 0. Navy Federal Credit Union is expanding on its digital car-buying capabilities with a new online purchasing platform powered by the online new- and used-car marketplace TrueCar. Navy Federal, like many auto lenders, is looking for ways to streamline car buying and financing online amid a shift in consumer preferences, Joe Pendergast, vice ...
Ford Credit Launches Lincoln Automotive Financial Services
WEBFord Motor Credit Co. has announced the launch of Lincoln Automotive Financial Services to provide a customized customer experience for the luxury brand. The new finance company will provide financing to consumers who own or plan to purchase Lincoln models. Customers who currently use Ford Motor Credit to finance their Lincolns were transferred automatically to […]
Westlake using digital refunds to save resources
WEBWestlake Financial has digitized auto loan refund payments to save time and devote more resources to core operations. The lender signed on with corporate payouts platform Onbe to replace its check-based program for auto loan overpayment refunds with a digitally based process, according to a Westlake release. The digital program launched in mid-July has […]
Paying dividends: A look inside GM Financial’s floorplan …
WEBGM Financial has set its sights on gaining more floorplan market share at franchised General Motors dealers, and the newest iteration of its Dealer Dividends program — which offers cash-back rewards in exchange for retail loan penetration — has served as a tipping point, turning longstanding wholesale relationships on their head as the captive stacks […]
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WEBAuto Finance News is the leading source for news and analysis on automotive lending and leasing.
TD Auto to integrate loan payments on bank app
WEBMar 23, 2023 · Lender to expand real-time payments for dealers to Saturdays. TD Auto Finance plans to launch an integrated digital experience in the third quarter that allows customers to manage their auto loan using the bank’s mobile app. “The folks who take out an auto loan through our dealer network, once they’re in our book, [we’re] making sure ...
Arivo Acceptance secures warehouse facility with JPMorgan Chase
WEBNov 12, 2019 · 0. Subprime lender Arivo Acceptance has secured an expandable $200 million warehouse line of credit with JPMorgan Chase, Steve Pachella, chief financial officer, told Auto Finance News. The warehouse facility comes on the heels of an inaugural $166 million securitization — the Sandy, Utah-based lender’s entire …
Automotive Credit Corp. Acquires Lender, Expands Credit Facility
WEBOct 17, 2017 · Subprime lender Automotive Credit Corp. (ACC) is focused on “organic growth” after completing its acquisition of Top Finance Company Inc. in late September, John Cavanaugh, chief financial officer of ACC, told Auto Finance News. “We will work on integrating the two companies, and we expect that to go very well,” he said. Southfield, Mich.-based ACC […]
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