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CarMax Auto Finance (CAF) has expanded its omnichannel finance-based shopping offering to give prequalified customers real-time updates to their monthly payment estimates as they shop the dealership lot online or in person. CAF’s prequalification, which was rolled out earlier this year, allows consumers to receive a multi-lender prequalification with no impact to their credit […]
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Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
Auto lenders are looking to strengthen relationships to bolster dealer profitability amid uncertainty, margin compression and shifting consumer behavior. Auto financier Santander Bank’s dealer commercial services strategy focuses on...
David Thompson
David Thompson
David Thompson
