DEARBORN, Mich. — Ford announced the introduction of its Advantage Plan this morning. Similar to the Hyundai Assurance program, Ford's plan offers payment protection covering job loss for up to a year on any new Ford, Lincoln of Mercury model, in addition to the opportunity for zero-percent financing via its captive on select models. "Consumers remain […] [Read More]

ORLANDO, Fla. — U.S. Equity Advantage, which offers automated bi-weekly processing of vehicle loans for buy-here, pay-here dealers, recently announced the release of a new, enhanced dealership Web site at www.866halfpay.com. According to officials, dealerships can now accurately calculate and offer a bi-weekly payment option to all their customers with the integrated online tools and enrollment […] [Read More]

SARASOTA, Fla. — Today, Leedom Group announced the launch of a Convenient World Pre-Paid Visa Card that can allow buy-here, pay-here customers without bank accounts avoid the high costs of check-cashing and money orders. The fees associated with check cashing are estimated at more than $1,350 for the average BHPH customers, executives pointed out. Via this […] [Read More]

BATON ROUGE, La. — Tracker Marine Financial Services recently announced it has selected AppOne to automate its finance process. AppOne is a part of Wolters Kluwer Financial Services. Meanwhile, Tracker Marine Financial Services is an affiliate of Bass Pro Shops and Tracker Marine Group. By applying the same technology and compliant loan documentation services it offers […] [Read More]

BANDON, Ore. — After plummeting to an average of 6.52 percent in October of last year, the number of customers approved for vehicles with a FICO under 670 is slowly climbing upward, according to the latest data from CNW Research. In fact, as of February, this figure has reached 10.63 percent; however, this still remains below […] [Read More]

CHARLOTTE, N.C. — North Carolina Gov. Bev Perdue recently announced that GMAC Financial Services will invest more than $16.4 million to grow its Charlotte operations. GMAC confirmed this announcement. The expansion is expected to create 200 finance, marketing, IT and related positions over the next two years, which are anticipated to pay an annual average wage […] [Read More]

LAKE FOREST, Calif. — National Creditors Connection Inc., a leading provider of nationwide field call services, announced it has promoted senior vice president Jerry Rahon to chief operating officer. Rahon received a unanimous vote of confidence from NCCI's board of directors and shareholders at the corporate annual meeting in late February. "We feel very fortunate and […] [Read More]

HANOVER, Md. — The National Automotive Finance Association's 13th Annual Non-Prime Auto Financing Conference will be held June 3 to 5 at the Renaissance Worthington Hotel in Fort Worth. The conference opens with a reception in the exhibit hall at 5:30 p.m. on Wednesday evening and concludes mid-day on Friday, June 5. Additionally, a golf event […] [Read More]

PORTLAND, Ore. — Compli announced recently that Chris Grebisz will become the company's new chief operating officer on April 1, 2009. Ken Thrasher, chairman and chief executive officer of Compli, said that Grebisz's executive experience will help the company form new strategic partnerships and grow its sales. "We are extremely fortunate to add Chris Grebisz to […] [Read More]

NEW YORK — Many auto companies curtailed leasing in 2008 as residual values caused a lot of concerns. As DBRS pointed out in its latest report, residual values are a critical component of auto asset-backed securities' rating criteria. "One of the significant concerns for investors and ratings agencies was the ability of vehicles' expected residual values […] [Read More]