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Captive Nissan Motor Acceptance Corp. applied today to form Nissan Bank U.S., an industrial bank chartered in Salt Lake City. If approved by the Federal Deposit Insurance Corp., Nissan Bank U.S. would commercially finance Nissan, Infiniti and non-Nissan dealerships, according to today’s release. Presumably, this will cut funding costs for Nissan. NMAC would continue to […]
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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
