Auto financiers across the nation are refocusing on alternative forms of vehicle ownership as the coronavirus economy continues to put pressure on sales and consumer sentiment. However, lenders can help relieve some of these immediate pressures via the subscription service model.
That’s the upshot from the latest webinar hosted by Auto Finance Excellence. Tune in to the complete recording of the webinar below.
During this webinar, Brian Allan, senior vice president of strategic partnerships at HyreCar, will guide the audience through best practices for understanding how the subscription services business model is a modern solution to consumer affordability concerns.
Every lender has been impacted by COVID-19 in some capacity, whether a captive financier, big bank or small credit union. The global pandemic has shuttered dealership doors, knocked down vehicle sales and forced 38.6 million consumers to file for unemployment in the last nine weeks. On top of that, the current economy has caused many consumers to feel uncertain about the immediate future and hesitant to commit to a traditional long-term loan — or even short-term lease.
These are just some of the topics Allan tackles during this exclusive event, the second in a series of quarterly webinars presented by AFE this year.