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Missing the mark: Online portals need a second look

From the July issue: As questions around the digital customer experience dominate industry conversations, lenders are realizing the value — and hurdles — of investing in such advancements. Lenders seek to deliver optimal digital interactions, and as they pour money, time, and resources into developing that online experience, consumers get one step closer to a […]

Carvana to Buy Used Vehicles Through Honcker Leasing App

Leasing startup Honcker added used-car trade-in capabilities to its mobile app via a partnership established with Carvana in November 2018, Honcker Founder and Chief Executive Nathan Hecht told AFN. Technology integration was completed in February, and the companies officially launched the tool to users last week. With the partnership, consumers can sell their used car […]

5 Innovative Auto Finance Moves of 2018

A number of auto finance companies rolled out products and services in 2018 that the editors of Auto Finance News found noteworthy, among them: Honcker Adds Insurance to List of App Services Mobile car buying app Honcker added insurance to its platform this year, bringing the company closer to making the entire car buying experience […]

Honcker Adds Auto Insurance Options to Growing List of App Services

Startup Honcker has added 10 insurers to its leasing app to create a holistic mobile car-buying process, Chief Executive Nathan Hecht told AFN. “We’re trying to make the entire process — not just the transaction of the lease itself — simple, without [consumers] having to walk into a dealership,” Hecht said. “Now we’re looking at […]

Honcker to Display Competitive Lease Pricing in App

Automobile leasing app Honcker has added functionality that allows consumers and dealers to view local pricing trends. Consumers can view graphs, updated every six hours, that display vehicle price histories as far back as a few weeks, enabling them to better judge if current prices are fair. “The reason we’re doing this is because a […]

Honcker Updates App to Enable Early Lease Returns

While lease providers are experimenting with month-to-month terms, leasing app Honcker aims to bring some flexibility to traditional leases by making the turn-in process less cumbersome, Founder and Chief Executive Nathan Hecht told Auto Finance News. In February, the startup updated its app to become the facilitator between the lessor and dealer in order for […]

Leasing App Honcker Plans Expansion With $23M Funding From IAC

Vehicle leasing startup Honcker secured $23 million in series A funding this week and is using the capital injection to expand nationwide and bring some added features to its app, founder and Chief Executive Nathan Hecht told Auto Finance News today.   InterActive Corp. (IAC) — the media investor behind Investopedia, Tinder, Vimeo, and many others — […]

Honcker Hones Credit Matrix With Eye on Dealertrack, RouteOne Integration

Honcker, a startup car leasing app, continues to “perfect” its in-house automated credit application platform and plans to sign up with RouteOne and Dealertrack but has no timeline yet, Founder and Chief Executive Nathan Hecht said at the 2017 Auto Finance Summit. This “custom credit matrix” is currently live, and about 80% “perfect,” Hecht said. While […]
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