More buyers financing auto down payments with third-party loans
Nonprime auto buyers are finding creative ways to strengthen their credit and secure down payments for vehicles. As the resumption ...
Tag: Nonprime Auto Finance Conference
Subprime lenders eye ‘AI for good’ amid tariff headwinds
PLANO, Texas — Subprime auto lenders are prioritizing technology investments and preparing for potential slowdowns to weather macroeconomic headwinds. Focusing ...
Podcast: ‘Weekly Wrap’ on leasing, NAF Summit
Leasing is picking up in tandem with incentives while used-vehicle values decreased in May — positive signs toward improving affordability. ...
Insurance costs burden nonprime borrowers
FORT WORTH, Texas — Rising insurance costs are burdening consumers, making it more difficult for borrowers to keep current on their auto ...
Rise in leasing poses higher costs for lenders
FORT WORTH, Texas — Leasing volume has steadily increased, which could lead to higher costs for lenders. Leases can sometimes ...
4 ways auto lenders can limit fraud risk
Auto lenders must reshape their risk management strategies to mitigate fraud losses as costs related to employment fraud, income misrepresentation ...
Auto retailers’ interest in captive offerings could spur growth for subprime lenders
PLANO, TEXAS – Subprime auto lenders may have an opportunity to capture business from dealer groups who plan to build ...
Lengthening Loan Terms a Concern for ‘Healthy’ Subprime ABS Market
PLANO, Texas — The growing popularity of loan terms over 60 months is a concern for the subprime auto securitization ...
