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Used Cars, Incentives Propel Originations at Southeast Toyota Finance

Used Cars, Incentives Propel Originations at Southeast Toyota Finance

August 23, 2017 at 10:00 am 0 comments

Southeast Toyota Finance saw a 5% year-over-year rise in total originations in the second quarter, thanks to “attractive incentives” and increasing consumer demand, said Dan Chait, president of World Omni Financial Corp., which oversees the captive. “Additionally, we’ve seen growth in used-retail financing as a result of certain program enhancements,Read More

Southeast Toyota Finance May Tighten Credit

Southeast Toyota Finance May Tighten Credit

August 11, 2017 at 10:00 am 0 comments

Southeast Toyota Finance, is mulling modest modifications to underwriting and programs this year to reduce risk, said Dan Chait, president of World Omni Financial Corp., which oversees the captive. Lenders across the industry are tightening credit to reduce risk, Chait told Auto Finance News. “We realized this [trend] is justRead More

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