Need to understand how residual based financing works? Watch our recent educational webinar series, which explains the basics, how it helps with vehicle affordability and how AFG’s programs compare to other options.
The opportunity for lenders: roughly 25-30% of borrowers choose residual based financing.
Your borrowers are likely already using this type of financing. The AFG program enables you to recapture these loans you are currently losing to the competition.
Plus, with residual based financing, your financial institution earns a higher yield because the loan amortizes to the residual value, producing higher average daily balances. Offering this option can produce a greater return and help boost your financial institution’s profitability.
What is it like to offer the program? Hear directly from lenders currently using it.
Partner with a company with over 25 years of experience in the industry
Founded in 1999
Facilitated 110,000+ loans
150 lender partners nationwide
Want to know what it’s like to work with us?
Hear testimonials from current AFG partners.
AFG’s Latest News and Resources
Finopotamus Podcast about Residual Based Financing
AFG’s Tim Kelly was recently interviewed for the Finopotamus podcast about residual based financing and the benefits for credit unions. Listen to the Podcast
Auto Financial Group Announces Integration with Newgen Loan Origination System
Houston, Texas – Auto Financial Group (AFG), the leading provider of residual-based financing products and services for financial institutions, is excited to announce its latest integration with the Newgen Loan Origination System (LOS). This integration marks another step forward in AFG’s commitment to delivering seamless, user-friendly solutions that enhance operational efficiency for financial institutions. AFG’s…
Auto Financial Group and CU*Answers Launch Integration
Houston, Texas – Auto Financial Group (AFG), announced today that the integration between CU*Answers, a Credit Union Service Organization (CUSO) and a cooperative corporation headquartered and incorporated in Grand Rapids, Michigan and the AFG Residual Value and Payment Quoting calculator is live. CU*Answers’ integration with Auto Financial Group allows balloon loan and member data to…
Auto Financial Group Announces Q1 2024 Results
Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q1 2024 today. In the first quarter of 2024, AFG signed three new credit unions to its Walk-Away Balloon Lending Program, Maine State Credit Union, MCT Credit Union and…
Auto Financial Group Announces Q3-Q4 2023 Results
Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q3-Q4 2023 today. In the second half of 2023, AFG signed five new credit unions to its Walk-Away Balloon Lending Program, including Fibre Federal Credit Union, Finger Lakes Health…
Auto Financial Group Announces Q2 2023 Results
Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q2 2023 today. In Q2 2023, AFG signed five new credit unions to its Walk-Away Balloon Lending Program: Instep Credit Union, NorState Federal Credit Union, Portland Local No 8…
Auto Financial Group Announces Q1 2023 Results
Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q1 2023 today. In Q1 2023, AFG signed four new credit unions to its Walk-Away Balloon Lending Program including Community Resource Credit Union, Foothills Credit Union, and West Texas…
Navigating High Rates And Shrinking Liquidity
The high cost of vehicles combined with rising interest rates is creating the perfect storm and making it very hard for many consumers to afford a reliable vehicle. Borrowers are experiencing not only sticker shock but also payment shock. Read full article on credit unions.com
3 Reasons Now Is The Perfect Time To Offer A Lease Program
According to Experian’s State of the Automotive Finance Market Report, 1 in 5 borrowers financing a new car use some form of residual-based financing. Your borrowers look to you for the best rates on conventional loans but are forced to captives and your competitors for alternative low-payment financing options that incorporate residual values. Read full article…
Auto Financial Group Announces Q3-Q4 2022 Results
Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q3-Q4 2022 today. In the second half of 2022, AFG signed nine new credit unions to its Walk-Away Balloon Lending Program including: Financial Partners Credit Union, Fort Worth City…