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How Smaller Tax Refunds Could Impact Auto Finance in 2019

The potential for fewer or decreased tax returns as a result of the 2017 tax act will likely bring down vehicle sales this spring, Chief Executive of JoyDrive Hunter Gorham told Auto Finance News. “Consumers use the tax refund as a whole down payment, and they won’t be a buyer [this year] without that down […]

Dealer Simplifies Financing Experience Through JoyDrive

The Harnish Auto Family in Seattle — with four dealerships in its group — was feeling the pressure to offer a better online experience like many peers in the space. “It’s something that nearly every new-car dealership has had pressure to start,” Shannon Harnish-Cook, president of the dealer group told Auto Finance News. “[You receive […]

Joydrive Seeks to Integrate Finance Marketplace Into Online Store

Online retailer Joydrive works with a dealers existing lender network to arrange financing for customers on the site, but in the medium to long-term, the company is seeking a strategic partner to “integrate a financing marketplace,” Chief Executive Hunter Gorham told Auto Finance News. “Early on we decided not to exclusively align with just one […]

Online Retailer Joydrive Aligns With Dealers for Home Deliveries

Joydrive, a newly launched online automotive retail marketplace, wants consumers to order cars from their couch, arrange financing from their phones, and have the cars delivered to their driveways without ever stepping foot in a dealership. And it’s enlisting an unlikely ally to accomplish that vision — dealerships.   In the first seven months of […]