Springboard Auto | Auto Finance News | Auto Finance News

Westlake Financial to Roll Out Direct Lending Portal in 4 States

Westlake Financial Services is gearing up to expand its direct lending portal, LoanCenter, beyond its current California footprint. “Historically, we always pilot everything in our backyard,” VP of Westlake Services and Lending Solutions Ralph Ontiveros, told AFN. Now, nearly two years after launching the pilot, Westlake Financial is ready to take the portal nationwide. The rollout […]

Springboard Inks Deal With Carvana to Boost Nonprime Volume, Plans Full-Spectrum Push

Car-shopping platform Carvana has added SpringboardAuto to its lender lineup to focus on consumers in the nonprime credit tier. Springboard’s sweet spot is two- to three-year-old cars with 55,000 miles and an average of between $15,000 and $18,000 financed, a “pretty close match” to the types of vehicles and consumer base Carvana targets, said Jim […]

SpringBoardAuto Preps CUs, Banks With White Label Direct Lending Portal

LAS VEGAS — Online direct loan originator SpringboardAuto is opening up its direct lending technology through a white label solution and is onboarding 10 credit unions and banks this year, Chief Executive Jim Landy told Auto Finance News. SpringboardAuto originates its own loans primarily in nonprime segments and has been building the technology so that […]

Customer Preferences Blur Lines on Direct, Indirect Loans

SAN FRANCISCO — As the industry evolves, distinct direct and indirect loans will be replaced by a single auto finance product designed to improve the customer experience. That was the message from a panel of lenders at Auto Finance Innovation 2018 yesterday. “Direct and indirect will merge into one channel,” said panelist Jennifer Heil, executive […]

SpringboardAuto to Double Staff, Open Larger Office This Year

SpringboardAuto, an online direct lender and platform that connects customers with auto lenders, has grown its operations and is moving into a larger office in order to accommodate. The office, located at the Discovery Business Center in Irvine, Calif., is 12,000 square feet — double the size of the company’s current space, Founder and Chief […]

Online Financing Improves Consumer Perception of Dealerships, Study Finds

Customers who perform their car financing online are found to have a more favorable experience at the dealership, increasing the likelihood that they will return in the future, according to a new survey by SpringboardAuto. SpringboardAuto — which connects consumers, lenders, and dealers through it’s mobile-friendly platform — conducted a survey among its consumers who […]

SpringboardAuto Adds Lender Network to Startup’s Used-Car Platform

Instamotor, an online used-car marketplace, partnered with SpringboardAuto.com in late November to offer financing for customers with Fico scores as low as 500, Val Gui, Instamotor’s co-founder and chief operating officer, told Auto Finance News. Springboard’s platform of aggregated lenders will be made available to Instamotor’s customers — 30% of whom were asking the company […]

SpringboardAuto Scouts Bank Partners

San Francisco-based SpringboardAuto.com is seeking to form partnerships with banks, President Jim Landy told Auto Finance News. “We are currently partnering with 12 credit unions across the country, and we are licensed in 20 states,” he said, declining to name the partners. “We will now consider partnering with more [lenders], which will be our major […]
Page 1 of 3123