(for direct and/or indirect lending)
Vehicle affordability is one of the greatest challenges facing vehicle buyers. AFG’s “walk-away” balloon lending program can help your financial institution offer an affordable, low payment vehicle financing option to borrowers while you get increased loan volume and higher yields.
Program Features
MARKET DIFFERENTIATOR
With AFG’s Balloon Lending program, you can offer an alternative to typical leasing. Recapture direct and indirect consumer loans currently being lost to competitive residual based financing products through a solution that carries your brand name.
HIGHER INTEREST INCOME
Earn 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 so the borrower can walk away from the final payment at the end of the term. The guaranteed future value is based on the term of the loan using industry approved guidelines.
LOWER MONTHLY PAYMENTS ON NEW AND USED VEHICLES
Borrowers can benefit from up to 40% lower monthly payments compared with conventional financing and can choose current year, future year and up to five year old vehicles.
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 Balloon Lending 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 how financial institutions like yours have benefitted from the program.
Read case studies where some of our partners detail their experience with the program.
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.
FOR BORROWERS
Borrowers enjoy lower monthly payments – up to 40% less than conventional loans, plus ownership benefits because vehicle is titled in borrower’s name, giving them more options at and prior to loan maturity. There is no down payment required and no prepayment penalties. Read our borrower testimonials to find out first-hand why they choose the program.
Watch this video to learn how the Walk-Away Balloon 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.