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Universal Special Auto Finance, Financial Institution Lending Options Join Finance Express Platform
Thursday, Jan. 18, 2007, 12:00 AM
Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express, which provides Web-based financial services and technology to independent dealers, announced that Universal Special Auto Finance and Financial Institution Lending Options have joined its platform. "The strength of Universal Special Auto Finance rests on ... [Read More]
PIN: Upside-Down Trades Down
Thursday, Jan. 11, 2007, 12:00 AM
Nick Zulovich
WESTLAKE VILLAGE, Calif. — Power Information Network, an affiliate of J.D. Power and Associates, recently reported that upside-down trades are declining. The company found that the percentage of upside-down trades has dipped from more than 35 percent in 2003 to about ... [Read More]
World Omni President Discusses Evolution of Auto Financing Industry
Thursday, Jan. 11, 2007, 12:00 AM
Nick Zulovich
DEERFIELD BEACH, Fla. — World Omni Financial Corp. recently marked its 25th anniversary with a dedication ceremony at the company's headquarters. Sharing this milestone with associates, World Omni's president, Brent Burns, discussed the evolution of auto financing. "Within the last quarter ... [Read More]
Compli, CounselorLibrary Team to Provide Carlaw
Thursday, Jan. 11, 2007, 12:00 AM
Nick Zulovich
PORTLAND, Ore., and HANOVER, Md. — Compli announced it recently teamed up with CounselorLibrary to provide "Carlaw" through its management system. Moreover, CounselorLibrary.com also released its newest "Carlaw F&I Legal Desk Book." Executives said the new Carlaw integration with Compli was ... [Read More]
Chase Auto Finance Renews Captive Agreement with Subaru
Thursday, Jan. 11, 2007, 12:00 AM
Nick Zulovich
GARDEN CITY, N.Y. — Chase Auto Finance announced it has renewed its partnership with Subaru of America to serve as the automaker's captive finance provider. "Subaru is pleased to extend our relationships with Chase Auto Finance," said Thomas Doll, executive vice ... [Read More]
AppOne, AmeriCredit Alliance Rolled Out Nationally
Monday, Jan. 8, 2007, 12:00 AM
Nick Zulovich
BATON ROUGE, La. — AppOne announced the national rollout of its strategic alliance with AmeriCredit. The alliance offers AmeriCredit the capability of receiving credit applications from more than 1,100 independent auto dealers within AppOne's quickly growing nationwide dealer network. These dealers ... [Read More]
ARA’s McCook to Speak at NABD Collection Conference
Thursday, Jan. 4, 2007, 12:00 AM
Nick Zulovich
DALLAS and HOUSTON — Les McCook, executive director of the American Recovery Association will participate in the National Alliance of Buy-Here, Pay-Here Dealers Collection Conference next week as a featured speaker. The conference is set for Jan. 10-11, 2007, at the ... [Read More]
AmeriCredit Completes Acquisition of Near-Prime Indirect Lender
Thursday, Jan. 4, 2007, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — AmeriCredit recently announced that its subsidiary, AmeriCredit Financial Services, has completed its purchase of Long Beach Acceptance Corp., the near-prime auto finance subsidiary of ACC Capital Holdings. AmeriCredit Financial Services said it has acquired all outstanding capital ... [Read More]
Santander Completes Acquisition of Drive Financial
Thursday, Jan. 4, 2007, 12:00 AM
Nick Zulovich
DALLAS — Banco Santander Central Hispano announced the completion of its acquisition of Drive Financial Services. As indicated previously by company insiders, acquisition will have no impact on Drive's business. Drive will continue to originate loans across the entire subprime spectrum. ... [Read More]
NAF Association to Host Non-Prime Workshop
Thursday, Jan. 4, 2007, 12:00 AM
Nick Zulovich
HANOVER, Md. — The National Automotive Finance Association announced it is planning a workshop called "Financing in the Expanding Non-Prime Auto Market — What's Happening?" The daylong event will be held Jan. 17 in Dallas. The workshop will take place at AmeriCredit's ... [Read More]