AFG offers vehicle leasing in select states in addition to our very popular walk-away balloon loan program. Leasing makes more sense for consumers in some states, because sales tax laws are more favorable to leasing, and because manufacturers are willing to offer big incentives to people who lease.
Program Features
MARKET DIFFERENTIATOR
Recapture consumer loans currently being lost to competitive residual based financing products through a solution that carries your brand name.
HIGHER YIELDS
More interest income for your financial institution due to higher average daily balances.
GUARANTEED FUTURE VALUE & WALK-AWAY OPTION
AFG guarantees 100% of the future value of the vehicle at the time of financing to your institution, so the borrower can walk away from the vehicle at the end of the term. The guaranteed future value is established based on the term of the lease using industry approved guidelines.
LOWER MONTHLY PAYMENTS ON NEW AND USED VEHICLES
With AFG’s leasing program, borrower benefits from up to 40% lower monthly payments compared with conventional financing and can be offered on vehicles up to five years old.
END OF TERM PROCESS
Auto Financial Group handles disposition of the vehicle with no end-of-term hassles.
USER-FRIENDLY TECHNOLOGY
A customized, web-based payment and residual value quoting technology makes it easy for you to offer low payment financing.
Program Benefits
FOR LENDERS
AFG’s Lease program positions your financial institution to recapture consumer loans currently being lost to competitive residual based financing products through a solution that carries your brand name. Watch the webinar to learn more about the benefits of the program for your institution.
How does AFG’s program help you compete in a crowded market? Watch this video for a few highlights of the program’s competitive advantages.
FOR DEALERS
Dealers can advertise the AFG program’s low payment to build showroom traffic. Lower monthly payments for your customers lead to more gross for your dealership. Watch the video to learn how the program also improves your sales retention.
Watch this video to learn how the Lease Program can offer your borrowers exceptional value by addressing their biggest concern: affordable monthly payments.
As vehicle prices climb, this program provides a solution that ensures borrowers can meet their budget without lengthy loan terms or negative equity.
With guaranteed future vehicle values and a flexible walk-away option, AFG helps you deliver financing options that protect and satisfy your clients.