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Ford Credit Launches Lincoln Automotive Financial Services
WEBFord Motor Credit Co. has announced the launch of Lincoln Automotive Financial Services to provide a customized customer experience for the luxury brand. The new finance company will provide financing to consumers who own or plan to purchase Lincoln models. Customers who currently use Ford Motor Credit to finance their Lincolns were transferred automatically to […]
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Arivo Acceptance to update risk model, doubles footprint to 20 …
WEBSubprime lender Arivo Acceptance is gearing up to roll out an updated credit risk model as the company nearly doubles its national footprint and moves its operations to a new facility. Arivo is now in 20 states, up from about 10 in pre-pandemic times, Chief Financial Officer Steve Pachella told Auto Finance News. The company […]
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Wells Fargo Auto Division Adopts New Name to Reflect Changes
WEBWells Fargo Dealer Services is changing its name to Wells Fargo Auto in order to reflect the changes the company has made to its operations in the past year as well as open it up to more “creative” products, head of the division Laura Schupbach said in a press release. The biggest change the company […]
An inside look at Mazda Financial Services | Auto Finance News
WEBWith more than a decade at the helm of sales and marketing initiatives at Toyota Financial Services, Group Vice President Karen Ideno has been instrumental in developing and growing the TFS brand. In turn, Ideno’s appointment this year to oversee the captive’s newly created Mazda Financial Services business was a natural fit. In her new.
Global Lending Services aims for 14K dealers - Auto Finance News
WEBJul 17, 2019 · On the heels of establishing a direct-to-consumer business, Global Lending Services continues to build the indirect side of the business. The subprime lender has been signing on nearly 200 new franchise dealers each month as it aims for the 14,000-dealer mark, Chief Executive Steve Thibodeau told Auto Finance News. So …
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SAFCO enters military lending following SNAAC acquisition
WEBSouthern Auto Finance Co. (SAFCO) will start originating loans this quarter for military personnel following the subprime lender’s acquisition of Security National Automotive Acceptance Company’s (SNAAC) front-end origination assets, SAFCO’s Director of Sales and Marketing Zack Sawyer told Auto Finance News. Fort Lauderdale, Fla.-based SAFCO purchased SNAAC’s intellectual property and ...