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Electric vehicle financing hasn’t been clearly defined across the auto finance industry, but a look at EVs financed on Vroom’s platform provides a picture of high consumer credit scores, lower loan-to-value ratios and shorter term loans. Vroom has financing partnerships with Ally Financial and Santander Consumer USA, among others. EVs typically carry loan terms of 61-62 months, compared […]
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Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
David Thompson
David Thompson
David Thompson
