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…
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…
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
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…
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…