While Equifax recently highlighted the depth of consumers opting to purchase an off-lease vehicle in greater numbers rather than leasing a new model, Swapalease.com pointed out that interest in taking over a vehicle lease contract is as strong as ever. To reinforce the assessment, approvals for takeovers on the site jumped by more than 7 […] [Read More]

A new report recently released by White Clarke Group explored the most important global issues facing the auto finance industry. Two challenges became clear when the firm reached out to top company executives. White Clarke Group’s Global Auto and Equipment Finance Report 2018 revealed that industry executives rank digitalization as one of the most important […] [Read More]

This week, White Clarke Group released its annual Global Leasing Report; a thorough guide to the world’s top 50 leasing markets. Group chief executive officer and report author Brendan Gleeson highlighted that the newest installment revealed a “confident” industry outlook, with the top 50 countries in 2016 reporting growth in new business volume of 9.40 […] [Read More]

AutoGravity is adding to its portfolio of commercial banks adopting its mobile financing platforms — not just automakers’ captives. On Tuesday, TD Auto Finance (TDAF), a subsidiary of TD Bank, announced a partnership with AutoGravity, a fintech provider modernizing the way consumers buy and finance vehicles. Through this partnership, indirect financing offers through TDAF will […] [Read More]

The connection of finance and technology is getting even stronger, especially for younger consumers. The latest "Expectations & Experiences" consumer trends survey from Fiserv finds that digital experiences are influencing how people manage and make decisions about borrowing and investing. The survey indicated four of the top five loan payment methods are now electronic, and […] [Read More]

U.S. Bank is now is leveraging the same technology from AutoGravity being deployed by an array of captives. U.S. Bank recently launched a digital offering on its website that allows consumers to shop for a new vehicle and get pre-approved for financing, all before actually stepping foot in a dealership. U.S. Bank’s digital financing platform […] [Read More]

With dealers likely acquiring vehicles for inventory at all times of the day, NextGear Capital is providing an enhanced path so managers can remain current on their financial commitments to be able to secure those units. This week, NextGear Capital launched what the provider is calling AutoPay, a new feature within the Account Portal, NextGear […] [Read More]

A different compact car now holds the mantle as providing the lowest monthly payment available through Wantalease.com. Site officials recently shared their February data and found that the Nissan Sentra now is priced lower than the Honda Civic; the vehicle previously holding the lowest price for the past six months. Consumers using Wanatalease.com now can […] [Read More]

Along with more discussion about how holiday marketing campaigns impact search activity, Swapalease.com released its quarterly lease trends report examining data from the fourth quarter of 2017. To go with brand trends, site analysts also determined the No. 1 reason why consumers want to change their vehicle lease situation remained the same as each of […] [Read More]

RumbleOn, an e-commerce platform where both consumers and dealers can buy, sell, trade and finance pre-owned motorcycles and other powersport vehicles, announced Wednesday that it has closed on a secured floorplan line of credit for up to $25 million with Ally Bank. The company said the new credit line will be used to acquire pre-owned […] [Read More]