MOUNTAIN VIEW, Calif. — In an effort to make the customer payment process easier and more convenient for buy-here, pay-here dealers, as well as their clients, cash transaction network PayNearMe recently revealed its new product called PayNearMe Auto. This offering ... [Read More]

FORT LAUDERDALE, Fla. — AutoNation announced Wednesday it has entered into a new unsecured credit agreement with a $500 million term loan facility and a $1.2 billion revolving credit facility.  The company explained the new credit agreement contains an accordion ... [Read More]

ALPHARETTA, Ga. — Bank of America and DataScan Field Services joined forces Thursday to roll out a website designed for used-vehicle buyers to complete their transactions in one place. The two companies launched PRNDL.com — pronounced prindle — a name ... [Read More]

COLUMBUS, Ohio — While serving as an event sponsor, Huntington Bank will be looking to drum up some auto loan business during the upcoming 2012 Indy Auto Show. Huntington indicated earlier this week that it plans to have bankers available ... [Read More]

ALEXANDRIA, Va. — Showing a double-digit drop, November U.S. consumer bankruptcy filings fell by 12 percent year-over-year, coming in at 100,980 nationwide, according to the latest study from the American Bankruptcy Institute. November’s rate represents a significant drop from the ... [Read More]

PHILADELPHIA — Auto finance solutions company VINtek recently announced it has completed second lien filings on a fleet of more than 70,000 trucks, using its VINtekTIME technology — a platform that processes paper and paperless titles, or electron lien and ... [Read More]

SCHAUMBURG, Ill. — Buy-here, pay-here penetration in used-vehicle financing continues to be on the rise, according to third-quarter data assembled by Experian Automotive. Experian discovered the BHPH market share climbed 10.5 percent year-over-year to 14.26 percent of all used-vehicle financing ... [Read More]

MELBOURNE, Fla. — Five Star Specialty Programs, a division of Crump Insurance Services and part of Crump Group, revealed today that coverage for its dealers insurance program now encompasses 43 states. The seven states excluded from DEALERsure are Alaska, Connecticut, ... [Read More]

SCHAUMBURG, Ill. — Experian Automotive analysis showed auto lenders are increasing loans to credit-challenged customers. According to its quarterly automotive credit analysis unveiled today, Experian discovered 21.87 percent of all new-vehicle loans during the third quarter went to customers in ... [Read More]

LAS VEGAS — Before the National Automobile Dealers Association kicks off its convention this year, the American Financial Services Association will be holding its 16th Vehicle Finance Conference and Exposition, with a bevy of industry experts set to present. And for one ... [Read More]