Lender Octane has entered the auto market with a Captive-as-a-Service offering for auto dealership groups, the lender announced today. The program aims to help dealership groups boost profitability, retain customers and build long-term value without the cost and complexity of creating their own finance companies, Octane Chief Growth Officer Mark Davidson told Auto Finance News. For years, Octane saw growing dealer interest in captive finance as a way to improve margins without increasing vehicle sales volume, Davidson said. […]
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