PenFed scales back balloon financing rollout | Auto Finance News | Auto Finance News

PenFed scales back balloon financing rollout

© Can Stock Photo / leekrob

A residual based financing program that was anticipated to boost Pentagon Federal Credit Union’s balloon financing volume tenfold is ramping up slower than originally planned. “Maybe we overestimated a little bit what market acceptance would look like right away,” said Ivan McBride, PenFed’s vice president of automotive lending products and sales. “It hasn’t ramped up […]

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