Federal Reserve announces emergency meeting on auto lending regulations • Click for details

Vehicle Sales

0
+ 0 %

AFN Composite Index

0
+0.44%

Consumer Sentiments

0
+ 0 %

SOFR

0
+ 0 %

APR 48 Mos.

0
+ 0 %

Avis Grows Direct-to-Consumer Sales, Financing

© Can Stock Photo Inc. / OffscreenAs part of an ongoing expansion, the Avis Budget Group Inc. recently announced it had enrolled a total of more than 3,000 U.S. dealerships, in 19 states, to participate in Avis Direct, its relatively new dealer channel for retail sales of off-rental vehicles from the Avis, Budget, Payless and Zipcar brands.

Avis Direct is partnered with Innovative Funding Services, Austin, Texas, which in turn refers customers to a group of preferred lenders. According to the Avis direct-to-consumer auto sales web site, the rental company is partnered with more than 20 different lenders.

Avis Budget Group, Parsippany, N.J., launched Avis Direct in February 2014. Since then, the program has signed up dealerships in Arizona, California, Colorado, Florida, Georgia, Illinois, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, Ohio, Tennessee, Texas, Virginia and Washington. In late September, the company announced the addition of North and South Carolina.

The consumer car sales program employs no-haggle pricing, the company said.

For more content like this, check out the upcoming Auto Finance Summit, October 21-23 at Wynn Las Vegas. Visit www.AutoFinanceSummit.com for more information.

Related Posts

Bank of America consumer vehicle net charge-offs tick down

Aidan Bush

CarMax Auto Finance originations down 1.5%

David Thompson

Wells Fargo Auto originations soar 110% YoY

David Thompson

Chase Auto originations down 3% YoY

David Thompson

Subscribe To Our Email Newsletter

Join industry professionals who start their day with our curated auto finance news.

* indicates required

By clicking submit below, you consent to allow Auto Finance News (Royal Media Group) to store and process the personal information submitted above to provide you the content requested.

For more information please visit www.royalmedia.com/legal.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices.

Sponsored

Tesla announces new fleet financing program

EV Finance

Subscribe to Our Newsletters

PowerSports Finance - Monthly coverage of the powersports lending market