As dealers gear up for Memorial Day weekend sales, lease options might be top-of-mind for many shoppers with automakers ramping up incentives. Swapalease.com reported this week that “aggressive” monthly deals are being put on domestic cars and trucks, many of which come out to lease payments of  under $200 per month. "Aggressive lease deals have continued into […] [Read More]

Congratulating supporters for their generosity, organizers of the Recovery Agents Benefit Fund (RABF) highlighted the program’s success during the past year, which helped more than 50 families and distributed more than $250,000. RABF organizers indicated individuals asked for assistance from the fund because of falling on what they described as “exceptionally hard times” due to […] [Read More]

The roller-coaster that is lease credit approvals watched by Swapalease.com swung significantly again in April, rising to the highest point in six months. Site officials reported April’s metrics continued more volatility after they saw the approvals rate during the month come in at 78.6 percent. That level represented a 31.0-percent jump from the approvals rate […] [Read More]

License plate recognition provider PlateSmart Technologies recently reached an exclusive licensing agreement with PRA Location Services to provide LPR technology for the company’s repossession and recovery services nationwide. Officials highlighted PlateSmart partnered with PRA Location Services, a business of PRA Group, as the exclusive licensee to the repossession and recovery vertical because of PRALS’ position […] [Read More]

The first three months of 2015 represented the best quarter ever for certified pre-owned sales, according to Autodata Corp., which said dealers moved 614,450 CPO vehicles in Q1. Not only did that follow the fourth straight year of record CPO sales, it also followed a fourth quarter in which leasing’s penetration of all new vehicles […] [Read More]

Announcing the second relationship with an automaker in less than a week, Ally Financial forged a new alliance with Aston Martin The Americas on Friday by launching a closed ended lease and retail finance program to U.S. customers. Ally has been named the preferred financing source for the British luxury automaker and will offer its […] [Read More]

Service provider WebRecon determined vehicle financing cases still only represented a small amount of the complaints recently sent to the Consumer Financial Protection Bureau. WebRecon chief executive officer Jack Gordon reviewed the regulator’s database and found the CFPB received 3,380 complaints associated with debt collection in February. While the total amount represented a 3.1-percent jump […] [Read More]

BellesLink founder Paul Kulas shared a statistic that skip-tracers and repossession agencies likely wouldn’t refute. Kulas said 76 percent of repo assignments contain inaccurate addresses. In light of that metric, BellesLink recently added six new databases to its skip-tracing platform, including: — Bankruptcy — Email Address by Name — Email Address by Demographic — Demographics […] [Read More]

AutoAlert, teaming with CreditMiner, has added additional sales opportunities for its users via the addition of credit soft pulls for service-not-sold records, allowing its dealer customers to provide solid qualifying offers to service customers that have not previously purchased a vehicle at their business. The credit soft pull, which does not require a prospect’s social […] [Read More]

Swapalease.com reports that lease credit approvals for March took a tumble again, extending a string of swings above and below what the site considers to be a healthy reading. For March, credit approvals came in at just 60.0 percent of lease transfer applicants with the 2015 average off the average healthy pace at just 63.4 percent. […] [Read More]