SpringboardAuto.com, a new direct-to-consumer auto loan platform, added two executives to its board of directors who bring decades of experience from their time with Capital One and Ford Motor Credit.
The company announced on Monday that its board now has both Steve Linehan and John Noone.
Linehan is a former executive vice president and treasurer of Capital One Finance Corp., and Noone is a former president of Ford Motor Credit Co.
“Our mission is to bring significant and positive change to the auto loan space,” SpringboardAuto.com chief executive officer Jim Landy said
“The insight and expertise Steve and John bring from their decades as leaders in highly respected finance companies will be invaluable as we focus on improving the auto finance process for the consumer of today and tomorrow,” Landy conintued.
SpringboardAuto.com is out to create a trusted brand enabling consumers to finance the purchase of a new or used vehicle online from a dealer or a private party, as well as reducing their existing monthly payment through refinancing.
Linehan recently retired from Capital One where he served in his most recent executive role for 12 years. He joined Capital One in 1997 after eight years with the Federal Deposit Insurance Corp.
Noone served for 40 years at Ford Motor Credit Company where he covered virtually every aspect of automotive financial services on a global basis, including serving as president of Ford Motor Credit from 2006 to 2012. Noone is also a past chairman of the American Financial Services Association and currently is the principal and founder of Noone Consulting Group.
SpringboardAuto.com highlighted just before 2015 closed that the company hopes to begin originating contracts early this year. SpringboardAuto.com originates and services loans for institutional investors.