Longer loan terms, increasing negative equity, declining used-car prices, rising interest rates, and higher transaction prices will likely combine for a greater risk of defaults for auto lenders going into 2016, analysts for the National Automobile Dealers Association said in recent press briefing.
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Tag Archives: car notes
GM Financial Reports Results
General Motors Financial Co. announced net income of $150 million for the quarter ended March 31, compared to $145 million for the quarter ended March 31, 2014.
Consumer loan originations were $4.1 billion for the quarter, compared to $4 billion for the quarter ended Dec. 31, 2014, and $3.4 billion for the quarter ended March 31, 2014.
Financial Solutions
GM Financial Reports Results
General Motors Financial Co. announced net income of $150 million for the quarter ended March 31, compared to $145 million for the quarter ended March 31, 2014.
Consumer loan originations were $4.1 billion for the quarter, compared to $4 billion for the quarter ended Dec. 31, 2014, and $3.4 billion for the quarter ended March 31, 2014.
Financial Solutions
Auto Loan Balances Reach All Time High
The balance of auto loans through June was $902.2 billion, an all-time high, according to Equifax Inc.’s National Consumer Credit Trends Report, released today. Loan balances were up 10% from the same time a year ago. “Auto lending continues to thrive, accounting for more than 50% of all new non-mortgage lending.
GO Financial completed the sale of a substantial equity interest in GO Financial to Manheim today
Subprime auto finance company GO Financial completed the sale of a substantial equity interest in GO Financial to Manheim today, furthering connecting the dealer-support efforts of GO Financial and NextGear Capital.
GO Financial is now majority owned by DriveTime chairman Ernie Garcia and DriveTime president and chief executive officer Ray Fidel and minority owned by Manheim. NextGear Capital still is wholly owned by Manheim.
– See more at: http://www.autoremarketing.com
Jeffrey Langer has joined the CFPB
The Consumer Financial Protection Bureau has named an assistant director for the division that oversees auto finance.
Jeffrey Langer has joined the CFPB as the assistant director http://www.delicious.com/crosbyru/cfb
Turn Your Auto Notes Into Cash
The typical BHPH dealer sells a vehicle and waits years to collect his money. By selling the notes after they have seasoned for a few months, dealers receive a discounted amount of the original note and can reinvest it in more inventory. http://www.delicious.com/crosbyru
We Turn Auto Notes Into Cash
Are you an Auto Dealer or Finance Company that creates auto notes, buy here pay here auto paper? Do you need CASH for inventory or for your business or personal use? Sell your auto notes, to increase your CASH flow and reduce your risk exposure. Let us show you how to increase your CASH flow without creating new debt, don’t wait for your customer to pay you off, Or total your car. We can help you get the financial flexibility needed to compete in today’s auto industry.If you are thinking about selling your buy here pay here portfolio, you probably have a lot of questions.
• “How many accounts do you buy?”
• ”What is the recourse period?”
• ” How much seasoning do they need?”
•“How long is the process?”
•“Who services the accounts?”
With over 36 years of experience in the automotive industry Financial Solutions has helped hundreds of dealers unlock the cash in their Auto Notes.
Call Us For A Free Portfolio Evaluation
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We Turn Auto Notes Into Cash
615-414-6708 615-414-6708
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Auto Note Buyer
Establishing the Market Value of a BHPH Auto Note
Establishing the Market Value of a BHPH Auto Note
BHPH Notes
•Every note, or contract has a unique market value.
•The market value of a note is the highest cash price an informed and proactive seller can sell it for on the open market.
•The market value of a note will be somewhat less than the outstanding principal balance remaining on it.
•The market value of a note is inversely related to the general interest rate environment.
•There are a number of important factors that determine the market value of a note.
◦The type of collateral
◦The value of the collateral
◦The amount of owner’s down payment
◦The current note balance
◦The interest rate
◦The number of payments made and remaining
◦Your experience receiving payments
CFPB Names Assistant Director
The Consumer Financial Protection Bureau has named an assistant director for the division that oversees auto finance.
Jeffrey Langer has joined the CFPB as the assistant director of installment and liquidity lending markets in the Bureau’s Research, Markets, and Regulations Division.
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