Risk Management
Chrome Capital: ‘Everybody Rides,’ Even Thin-File Borrowers
While Chrome Capital does not identify itself as a subprime lender, the powersports financing company offers leases across the credit...
CREDIT: Increase in Loans, Increase in Subprime
More consumers have chosen to finance their vehicles, while lenders have dug deeper into subprime space, experts suggest. Subprime Overall,...
Kar Expands Credit Facility, Acquires Brasher’s
KAR Auction Services Inc. upped its credit facility with a “syndicate of lenders” to $550 million, from $250 million, to...
FactorTrust Committed to Powersports
FactorTrust is committed to joining the powersports finance space, Scott Brackin, vice president of auto finance, told Powersports Finance.
Westlake to Roll Out e-Contracting for Dealers
Westlake Financial Services will launch an e-contracting program to its dealer partners within the next two weeks, David Goff, Westlake’s...
Excel Finance Rejoins Auto Finance Industry
Excel Finance, a motorcycle finance provider, expanded its lending options in December to include auto loans, Valerie Figueroa, Excel’s dealer...
CarFinance Says Goodbye to Indirect Auto
The CarFinance Capital LLC brand has been “retired” as an indirect auto finance provider, according to a presale report from...
Chrome Capital Hires New Director of Sales
Jim Koza was appointed national director of sales for Chrome Capital at the beginning of October, Peter Wasmer, founder, executive, and...
