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Car-sharing service HyreCar has closed a $100 million revolving asset-backed warehouse facility with Credit Suisse in the first step of a broader white-label financing solution that will allow its fleet operators the necessary capital to source additional inventory. HyreCar’s largest fleet operator, AmeriDrive Holdings, will use the facility to purchase an additional 6,000 to 7,000 […]
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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
