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Press Releases and Announcements

Dave Pratt joins Auto Financial Group’s vehicle remarketing management team

Houston, Texas (March 22, 2017) – Auto Financial Group (AFG), an online provider of innovative financing products for credit unions and banks, announced today that Dave Pratt has joined their vehicle remarketing department as Remarketing Manager. In this new position, Pratt will oversee daily operations of the team.
Pratt brings over 20 years of experience in the automotive industry, having worked in various capacities at dealerships early in his career, followed by a successful run in the fleet lease industry as sales and marketing manager. More recently, Pratt has been involved in building and running three auctions in Texas.

Pratt joins AFG as it logged a record year of growth in 2016. Remarketing volume has tripled since 2014. AFG now has a geographic footprint covering the entire US and works with several auctions nationwide to facilitate quick inventory movement. AFG aims to continue to constantly deliver exceptional customer satisfaction as it is set to double the pace of their remarketing volume in 2017.

Paul Marquez, Director of Remarketing & Client Relations at AFG said, “We are very excited to add Dave to our team. In addition to his extensive experience in the automotive industry, Dave also has the expertise we need to streamline our operations and increase value for our customers.”

“I look forward to leveraging my experience in remarketing at AFG as we continue to grow while providing the highest level of customer service to our clients,” said Pratt.

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About Auto Financial Group

Auto Financial Group (AFG), a Houston-based company, provides an online residual based vehicle financing product called AFG Balloon Lending and vehicle remarketing to financial institutions across the United States. The AFG Balloon Lending vehicle financing program provides the advantages of lower payments, flexible terms, actual ownership of the vehicle and several end-of-term options. The financial institution receives higher loan yields, and AFG manages the entire end-of-term process. The AFG Remarketing program is a proven solution for financial institutions that offers the greatest financial return to their clients by matching assets to the selling network with the greatest amount of buyers. While competitors use a centralized approach to liquidate assets, AFG uses selling networks ranging from traditional auto auctions to direct wholesale to internet selling platforms.

For more information about AFG or their remarketing program, call 713-812-3333 or toll free at 877-354-4AFG, or visit www.autofinancialgroup.com

Auto Financial Group Announces Continuing Momentum in Fall 2016 Growth Figures

Houston, Texas – Auto Financial Group (AFG), a leading provider of innovative financing products for credit unions and banks, announced Fall 2016 growth figures today, revealing increasing momentum in new customer signings with AFG’s Balloon Lending program.

Since September 2016, AFG has signed seven new credit unions to their Balloon Lending program, resulting in a reach increase of 1,563,615 new consumers. These new organizations include: Gold Coast FCU, St. Cloud Federal Credit Union, PA Central FCU, Laramie Plains Community FCU, Straits Area FCU and Valley Federal CU of Montana. The company is thrilled to partner with these credit unions, representing combined assets of over $1.3 billion across eight states. In addition to these credit unions, Ignition Financial also signed on as a partner.

The Balloon Lending program provides institutions with a walk-away, residual based, balloon loan program that is fully insured, and where AFG takes 100% of the residual value risk and completely manages the end of term process.

Learn more at https://www.autofinancialgroup.com/products/balloon-lending-program/

“We welcome these financial institutions to the growing AFG family,” said Richard Epley, CEO of AFG. “Residual based financing is at an all-time high in the US and we’re excited that these institutions have chosen our program.”

Auto Financial Group expects continued growth through the first quarter of 2017, as the company seeks to provide their unique financing products and solutions to financial institutions across the US.

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About Auto Financial Group

Auto Financial Group (AFG), a Houston-based company, provides an online residual based vehicle financing product called AFG Balloon Lending and vehicle remarketing to financial institutions across the United States.

The AFG Balloon Lending vehicle financing program provides the advantages of lower payments, flexible terms, actual ownership of the vehicle and several end-of-term options, including the option of being able to surrender the vehicle and walk away in lieu of paying the final loan payment. The financial institution receives higher loan yields, a competitive residual based financing alternative and AFG manages the entire end-of-term process.

The AFG Remarketing program is a proven solution for financial institutions that offers the greatest financial return to their clients by matching assets to the selling network with the greatest number of buyers.

For more information about AFG call toll free at 877-354-4234, or visit www.autofinancialgroup.com

Auto Financial Group Announces New Lease Option

Houston, Texas – Auto Financial Group, Inc. (AFG), an online provider of innovative financing products for credit unions and banks, announced today that they have begun offering vehicle leasing in addition to their very popular walk-away balloon loan program.

“We chose specific states around the country where leasing offers a distinct advantage over our walk-away balloon loan program, which has been one of our traditional product offerings,” said Richard Epley, CEO of AFG.  “Leasing makes more sense for some consumers in these states, because sales tax laws are more favorable to leasing, and because manufacturers are willing to offer big incentives to people who lease.”

Consumers in Florida, California, Michigan, Illinois, Washington, Massachusetts, Ohio, Wisconsin and Pennsylvania can take advantage of AFG’s new lease program, with more states coming in the future.

One of the biggest advantages to leasing a vehicle involves the amount of sales tax, which varies by state. In some states, consumers pay sales tax on the total value of the vehicle. In others, the buyer only pays sales tax on his or her monthly lease payment, instead of the total cost of the vehicle, which is considerably lower.

“In most of the states we’ve chosen, the sales tax is calculated on the monthly payment,” Epley said. “When you buy a car in Michigan, for example, you pay six percent sales tax on the sales price of the vehicle. But, if you lease a car in Michigan, you pay only six percent of the monthly payment.”

Another distinct advantage to leasing a vehicle is being able to take advantage of manufacturer incentives.

“Some manufacturers will use incentives for leased vehicles, which are done on specific models and during specific times,” Epley said. “The incentive can drop the cost by as much as $3,000 per vehicle, which will considerably lower a consumer’s monthly lease payment.”

According to Maury Dikker, Leasing Director for AFG, some credit unions and dealerships will offer both AFG’s lease option and AFG’s Balloon Lending program.

AFG has been offering residual based financing since 1999 and expects to see additional growth by now including vehicle leasing.  “We take 100% of the residual value risk and completely manage the end-of-term process. The goal is to provide our partners with the best products for their consumers,” said Dikker.

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About Auto Financial Group

Auto Financial Group (AFG), a Houston-based company, provides an online, residual based, walk-away vehicle financing product called AFG Balloon Lending, as well as vehicle leasing and vehicle remarketing to financial institutions across the United States. AFG’s residual based financing solutions provide the advantages of lower payments, flexible terms, in the case of the balloon loan, actual ownership of the vehicle and several end-of-term options, including the option to surrender the vehicle and walk away in lieu of paying the final loan payment. The financial institution receives higher loan yields, a competitive residual based financing alternative, and AFG manages the entire end-of-term process. The AFG Remarketing program is a proven solution for financial institutions that offers the greatest financial return to their clients by matching assets to the selling network with the greatest number of buyers. While competitors use a centralized approach to liquidate assets, AFG uses selling networks ranging from traditional auto auctions to direct wholesale to internet selling platforms.

For more information about AFG’s new lease program, please contact Maury Dikker at 713-812-3333 (toll free at 877-354-4234) or visit www.autofinancialgroup.com.

Auto Financial Group Announces New Momentum and Growth in Industry Leading Programs

Houston, Texas – Auto Financial Group (AFG), a leading provider of innovative financing products for credit unions and banks, announced 2016 summer growth figures today, revealing increasing momentum in new customer signings with AFG’s Balloon Lending program.

Since May 2016, Auto Financial Group has signed six new credit unions to their Balloon Lending program, resulting in a reach increase of 3,351,865 new consumers. These new organizations include: Community Star Credit Union, Cooperative Federal Syracuse’s Community Development Credit Union, Credit Union of Colorado, Isabella Community Credit Union, Palisades Federal Credit Union, and Rutgers FCU. The company is thrilled to partner with these credit unions, representing combined assets of over $1.75 billion across Colorado, Michigan, New Jersey, New York and Ohio. “We welcome these financial institutions to the growing AFG family,” said Richard Epley, CEO of AFG. “Residual based financing is at an all-time high in the US and we’re excited that these institutions have chosen AFG’s Balloon Lending program to offer to their members.”

Auto Financial Group expects continued growth through the remainder of 2016, as the company seeks to provide their unique financing products and solutions to financial institutions across the US. The Balloon Lending program provides institutions with a walk-away, residual based, balloon loan program that is fully insured. Through AFG’s software, financial institutions are able to secure higher-yielding loans with lower monthly payments for their consumers, mitigate residual value risk, and position themselves to take advantage of the record market increases in residual value based financing.

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About Auto Financial Group

Auto Financial Group (AFG), a Houston-based company, provides an online residual based vehicle financing product called AFG Balloon Lending and vehicle remarketing to financial institutions across the United States. The AFG Balloon Lending vehicle financing program provides the advantages of lower payments, flexible terms, actual ownership of the vehicle and several end-of-term options, including the option of being able to surrender the vehicle and walk away in lieu of paying the final loan payment. The financial institution receives higher loan yields, a competitive residual based financing alternative and AFG manages the entire end-of-term process. The AFG Remarketing program is a proven solution for financial institutions that offers the greatest financial return to their clients by matching assets to the selling network with the greatest amount of buyers. While competitors use a centralized approach to liquidate assets, AFG uses selling networks ranging from traditional auto auctions to direct wholesale to internet selling platforms.

For more information about AFG’s Balloon Lending program please call Stacy Freeman or Richard Epley at 713-812-3333 or toll free at 877-354-4234, or visit www.autofinancialgroup.com.

Auto Financial Group Announces New Momentum and Growth in Industry Leading Programs

Houston, Texas – Auto Financial Group (AFG), a leading provider of innovative financing products for credit unions and banks, announced 2016 Q1 growth figures today, revealing increasing momentum in new customer signings with AFG’s Balloon Lending and Remarketing programs.

Since December 2015, Auto Financial Group has signed eleven new credit unions to their Balloon Lending program, resulting in a reach increase of over 256,090 new consumers. These new organizations include: ACMG FCU, America’s Christian CU, Chicago Patrolmen’s FCU, Diversified Members CU, ECCU, Florida State University CU, Hudson River Community CU, Houston Texas Fire Fighters FCU, Inner Lakes FCU, TCT FCU, and Trius Federal Credit Union. The company is thrilled to partner with these credit unions, representing combined assets of over $2.54 billion across California, Florida, Illinois, Michigan, Nebraska, New York and Texas. “We welcome these financial institutions to the growing AFG family,” said Richard Epley, CEO of AFG. “Residual based financing is at an all-time high in the US and we’re excited that these institutions have chosen AFG’s Balloon Lending program to offer to their members.”

In addition, Auto Financial Group has signed six new credit unions as remarketing partners, resulting in a reach increase of over 330,190 new consumers. These new remarketing partners, representing combined assets of over
$3.67 billion, include: Carolina Cooperative Federal Credit Union, CommunityWide Federal Credit Union, Family First Federal Credit Union, GEICO Federal Credit Union, Texas Dow Employees Credit Union, and West Community Credit Union.

Auto Financial Group expects continued growth through the remainder of 2016, as the company seeks to provide their unique financing products and solutions to financial institutions across the US. The Balloon Lending program provides institutions with a residual based balloon loan program that is fully insured. Through AFG’s software, financial institutions are able to secure higher-yielding loans with lower monthly payments for their consumers, mitigate residual value risk, and position themselves to take advantage of the record market increases in residual value based financing.

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About Auto Financial Group, Inc.
Auto Financial Group, Inc. (AFG), a Houston-based company, provides an online residual based vehicle financing product called AFG Balloon Lending and vehicle remarketing to financial institutions across the United States. The AFG Balloon Lending vehicle financing program provides the advantages of lower payments, flexible terms, actual ownership of the vehicle and several end-of-term options, including the option of being able to surrender the vehicle and walk away in lieu of paying the final loan payment. The financial institution receives higher loan yields, a competitive residual based financing alternative and AFG manages the entire end-of-term process. The AFG Remarketing program is a proven solution for financial institutions that offers the greatest financial return to their clients by matching assets to the selling network with the greatest amount of buyers. While competitors use a centralized approach to liquidate assets, AFG uses selling networks ranging from traditional auto auctions to direct wholesale to internet selling platforms.

For more information about AFG’s Balloon Lending or Remarketing programs please call Stacy Freeman or Richard Epley at 713-812-3333 or toll free at 877-354-4234, or visit www.autofinancialgroup.com.

Auto Financial Group Announces New Momentum and Growth in Industry Leading Programs

Houston, Texas – Auto Financial Group (AFG), a leading provider of innovative financing products for credit unions and banks, announced year to date growth figures today, revealing increasing momentum in new customer signings with AFG’s Balloon Lending and Remarketing Programs.

Since August 2015, Auto Financial Group has signed nine new credit unions to their Balloon Lending program, resulting in a reach increase of over 185,900 new consumers. These new organizations include: Align CU, Anoka Hennepin Credit Union, Arlington Community Federal Credit Union, BrightStar CU, Education First CU, Hialeah Municipal Employees FCU, Jamestown Area Community FCU, MOBILITY CU and Vermont FCU. The company is thrilled to partner with these credit unions, representing combined assets of over $2 billion across Florida, Massachusetts, Minnesota, New York, Texas, Vermont, and Virginia. “We welcome these financial institutions to the growing AFG family,” said Richard Epley, CEO of AFG. “Residual based financing is at an all-time high in the US and we’re excited that these institutions have chosen AFG’s Balloon Lending Program to offer to their members.”

In addition, Auto Financial Group has signed four new credit unions as remarketing partners, resulting in a reach increase of over 579,000 new consumers. These new remarketing partners, representing combined assets of over $3.9 billion, include: Intouch Credit Union, Municipal Credit Union, My Community Federal Credit Union, and Smart Financial Credit Union.

Auto Financial Group expects continued growth through the remainder of 2015, leading into a strong 2016 as the company seeks to provide their unique financing products and solutions to financial institutions across the US. The balloon lending program provides institutions with a residual based balloon loan program that is fully insured. Through AFG’s software, financial institutions are able to secure higher-yielding loans with lower monthly payments for their consumers, mitigate residual value risk, and position themselves to take advantage of the record market increases in residual value based financing.

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About Auto Financial Group, Inc.

Auto Financial Group, Inc. (AFG), a Houston-based company, provides an online residual based vehicle financing product called AFG Balloon Lending and vehicle remarketing to financial institutions across the United States. The AFG Balloon Lending vehicle financing program provides the lease-like advantages of low payments, flexible terms, actual ownership of the vehicle and several end-of-term options, including the option of being able to surrender the vehicle and walk away in lieu of paying the final loan payment. The financial institution receives higher loan yields, a competitive lease like financing alternative and AFG manages the entire end of term process. The AFG Remarketing program is a proven solution for financial institutions that offers the greatest financial return to their clients by matching assets to the selling network with the greatest amount of buyers. While competitors use a centralized approach to liquidate assets, AFG uses selling networks ranging from traditional auto auctions to direct wholesale to internet selling platforms.

For more information about AFG’s Balloon Lending or Remarketing Programs please call Stacy Freeman or Richard Epley at 713-812-3333 or toll free at 877-354-4234, or visit www.autofinancialgroup.com

Auto Financial Group Announces New Momentum and Growth in Industry Leading Balloon Lending Program

Houston, Texas – Auto Financial Group (AFG), a leading provider of innovative financing products for credit unions and banks, announced mid-year growth figures today, revealing increasing momentum in new customer signings with AFG’s Balloon Lending Program.

Since the start of 2015, Auto Financial Group has signed nine new credit unions to their program, resulting in a reach increase of nearly 185,000 new consumers. Seven of the nine new organizations include: Sidney FCU, Miami Firefighters FCU, Trailhead CU, Pompano Beach Employees CU, First Area CU, and Bay Atlantic FCU. The company is thrilled to partner with these credit unions, representing combined assets of over $2.2 billion across Florida, Michigan, Nevada, New York, and South Dakota. “We welcome these financial institutions to the growing AFG family,” said Richard Epley, CEO of AFG. “Residual based financing is at an all-time high in the US and we’re excited that these institutions have chosen AFG’s Balloon Lending Program to offer to their members.”

Auto Financial Group expects continued growth through the remainder of 2015 as the company seeks to provide their unique financing products and solutions to financial institutions across the US. The balloon lending program provides institutions with a residual based, balloon loan program that is fully insured. Through AFG’s software, financial institutions are able to secure higher-yielding loans with lower monthly payments for their consumers, mitigate residual value risk, and position themselves to take advantage of the record market increases in residual value based financing.

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About Auto Financial Group, Inc.

Auto Financial Group, Inc. (AFG), a Houston-based company, provides an online residual based vehicle financing product and vehicle remarketing to financial institutions across the United States. The AFG Balloon Lending vehicle financing program provides the lease-like advantages of low payments, flexible terms, actual ownership of the vehicle and several end-of-term options, including the option of being able to surrender the vehicle and walk away in lieu of paying the final loan payment. The financial institution receives higher loan yields, a competitive lease like financing alternative and AFG manages the entire end of term process. The AFG Remarketing program is a proven solution for financial institutions that offers the greatest financial return to their clients by matching assets to the selling network with the greatest amount of buyers. While competitors use a centralized approach to liquidate assets, AFG uses selling networks ranging from traditional auto auctions to direct wholesale to internet selling platforms.

For more information about AFG’s Balloon Lending or Remarketing Programs please call Stacy Freeman or Richard Epley at 713-812-3333 or toll free at 877-354-4234, or visit www.autofinancialgroup.com

Auto Financial Group Celebrates 15 Years of Success and Growth

Houston, Texas – Auto Financial Group (AFG), a leading provider of innovative financing products for credit unions and banks, is celebrating 15 years of business in 2014. Over these past 15 years, AFG has grown from humble beginnings, to the market leader in Auto Remarketing and Balloon Lending.

AFG would like to thank each of their clients, partners, and staff members for making the past years such a resounding success. AFG’s growth over the past decade and a half, is a direct result of the dedication and support from each of these valued clients and individuals.

Evidence of this sustained growth can be seen in the recent new signees to the AFG program. These new organizations include: Sumark FCU, Miami FCU, Sharefax CU, Mid-Hudson Valley FCU, Lake Trust CU, and GFA FCU. With combined assets of over $2 billion, combined membership that exceeds 170,000, and average 12 month loan growth of 11%, these new partners continue the trend of expansion across the US, with a footprint that now reaches into over 40 states.

Speaking to the success and stability of the company, CEO Richard Epley said “…we have been in business 15 years and have thrived in the most cyclical time period ever in the auto space.” This resolution stands as proof of the power of partnership to existing and future clients with AFG.

What will the next 15 years hold? Only time can tell, but AFG is expecting further growth in 2015. The company is proud to have served their clients over the years, and looks forward to an even brighter future on the horizon.

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About Auto Financial Group

Auto Financial Group, Inc. (AFG), a Houston-based company, provides an online residual based vehicle financing product and vehicle remarketing to financial institutions across the United States. The residual based vehicle financing program provides the lease-like advantages of low payments, flexible terms, actual ownership of the vehicle and several end-of-term options, including the option of being able to surrender the vehicle and walk away in lieu of paying the final loan payment. The financial institution receives higher loan yields, a competitive lease like financing alternative and AFG manages the entire end of term process. The AFG Remarketing program is a proven solution for financial institutions that offers the greatest financial return to their clients by matching assets to the selling network with the greatest amount of buyers. While competitors use a centralized approach to liquidate assets, AFG uses selling networks ranging from traditional auto auctions to direct wholesale to internet selling platforms.
For more information about AFG residual based financing or their remarketing program, call 713-812-3333 or toll free at 877-354-4AFG, or visit www.autofinancialgroup.com

AFG Welcomes Key Speaker David Goggins to 2014 User Conference

There is no one quite like Chief Petty Officer David Goggins. As a Navy SEAL, David was one of an elite group of men regularly sent on some of the toughest missions in the world, but that just wasn’t enough. David needed yet another challenge, so he set about conquering the hardest sporting events known to man and is now considered to be one of the greatest endurance athletes in the country.

In  less  than  four  years,  David  completed  more  than  30  endurance  races,  including  multiple  ultra-­‐ marathons,  triathlons,  ultra-­‐triathlons,  bike  races,  and  arduous  mountain  ascents,  setting  new  course records and regularly placing in the top five. In 2007, shortly before he was diagnosed with a hole in his heart, David completed 203.5 miles in the 48-­‐Hour National Championship endurance foot race, beating previous records by 20 miles and earning a spot among the top 20 ultra-­‐marathoners of the word.  His extraordinary achievement earned him a feature story in Runner’s World, where he was named a “Running Hero.” The Navy even asked David to be their “poster boy” by appearing in a recruiting commercial.

David’s military record alone is astonishing. He is the only member in the U.S. Armed Forces to complete SEAL training (including two Hell Weeks), the U.S. Army Ranger School (where he graduated as Honor Man), and Air Force tactical air controller training. He’s faced combat in Iraq, and served as the body guard for Iraqi Prime Minister Ibrahim al-­‐Jaafari.

But all the awards, medals, and accolades mean nothing to David – that’s not why he does what he does. To him, it’s all about achieving his personal best and pushing well past his comfort zone. David chooses to run the toughest races and put himself through some of the hardest military training programs in the country to test himself… to see what he’s made of. For him, physical tests are journeys of  self-­‐discovery,  and endurance  is  like  a  meditation  that  strengthens  his  faith.  No  other  experience makes him feel more clear, focused and alive.

Growing up in Buffalo, New York and rural Indiana, David is all too familiar with the struggles of dealing with an abusive father, suffering at the hands of violent racism, and living with the harsh realities of being raised by a single mother trying to give her son a better life by working three jobs. Barely graduating high school, David was constantly told he was too dumb, too sick or too fat to achieve his goal of a career serving our country. David never let slim odds or daunting circumstances to get in his way, hold him back or make him a “victim.” He chose to instead overcome and prove the naysayers wrong. (And while on that path, David’s managed to raise more than $2 million for the Special Operations  Warrior Foundation.)

His constant conquering of adversity has made David a much sought after public speaker. His bold, “no excuses” approach gets him regularly invited to speak at college campuses and business forums, as well as to top sports teams like the Super Bowl Champion Seattle Seahawks. What they get is a crash course in personal accountability – David is all about owning his failures and learning from them. For him, today’s  too-­‐often  norm  of  coddling,  entitlement  and  playing  the  blame  game  is  simply  unacceptable. He’s pure old school, and that’s precisely what makes him one of a rare and unparalleled breed of men.

Auto Financial Group Announces Strong Momentum in Industry Leading DrivingSense™ Balloon Lending Program

Houston, Texas – Auto Financial Group (AFG), a leading provider of innovative financing products for credit unions and banks, announced mid-year growth figures today, showcasing astounding momentum in new customer signings with the company’s DrivingSense™ balloon lending program.

Since the start of 2014, Auto Financial Group has signed fourteen new credit unions to their program, resulting in a reach increase of nearly 300,000 new consumers. These new organizations include: WestStar Credit Union, Dayton Firefighters FCU, Horizons FCU, Great Erie FCU, Finger Lakes FCU,
St. Pius X Church FCU, UNO FCU, GHS FCU, Alps FCU, Sun Credit Union, Bridgeton Onized FCU, Members 1st of NJ CU, Sound CU, and Park City CU. The company is thrilled to partner with these credit unions, representing combined assets of over $2 billion across 10 states, from Alaska to Wisconsin.

Growth in the form of new signings is expected to continue throughout 2014, as Auto Financial Group seeks to provide their unique financing products to institutions across the country. The DrivingSense™ program provides institutions with a fully insured, residual based, walk-away, balloon loan program. Through AFG’s software, financial institutions are able to secure higher-yielding loans with lower monthly payments for their consumers, mitigate residual value risk, and position themselves to take advantage of the record increases in residual value financing.

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About Auto Financial Group, Inc.

Auto Financial Group, Inc. (AFG), a Houston-based company, provides an online residual based vehicle financing product called DrivingSense™ and vehicle remarketing to financial institutions across the United States. The DrivingSense™ vehicle financing program provides the lease-like advantages of low payments, flexible terms, actual ownership of the vehicle and several end-of-term options, including the option of being able to surrender the vehicle and walk away in lieu of paying the final loan payment. The financial institution receives higher loan yields, a competitive lease like financing alternative and AFG manages the entire end of term process. The AFG Remarketing program is a proven solution for financial institutions that offers the greatest financial return to their clients by matching assets to the selling network with the greatest amount of buyers. While competitors use a centralized approach to liquidate assets, AFG uses selling networks ranging from traditional auto auctions to direct wholesale to internet selling platforms.

For more information about AFG’s DrivingSense™ or remarketing programs please call Stacy Freeman or Richard Epley at 713-812-3333 or toll free at 877-354-4AFG, or visit www.autofinancialgroup.com.

Auto Financial Group Announces New Hire Paul Marquez as Director of Remarketing & Client Relations

Houston, Texas (June, 2014) – Auto Financial Group, Inc. (AFG), an online provider of innovative financing products for credit unions and banks, announced today that Paul Marquez is joining their remarketing management team as Director of Remarketing & Client Relations. In this new position, he will oversee the remarketing department and help guide business development to expand into new markets.

Marquez has proven himself as an accomplished leader and innovator with nine years at HSBC, one of the top five financial firms in the world, and most recently serving as President and CEO of Countrywide Utility Billing Systems. Marquez brings to the management team 16 years of experience in the financial and remarketing fields where he combined passion and skill to drive sales, leadership, and efficient results.

Marquez joins AFG as it comes off of a string of success and record growth in expanding its geographic footprint to over 40 US states. AFG plans capitalize on this success by introducing their remarketing products to repossession service providers in these territories. With quick inventory movement and the ability to deliver funds back in clients’ hands within three days of a sale, AFG aims to constantly exceed customer expectations and to double the pace of their remarketing repossessions by 2015.

Dave Langley, Vice President of Operations at AFG said, “We are very excited to add Paul to our remarketing management team. In addition to his wealth of automotive and finance industry experience, Paul also has the entrepreneurial know-how to expand AFG’s remarketing program to financial institutions, insurance companies, and other repossession service providers across the country.”

“I’m excited to come aboard AFG,” said Marquez. “Right now the company is growing rapidly and having record months. I look forward to bringing my experience in remarketing and client relations to AFG as we continue to grow this business avenue while increasing value for our customers.”

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Auto Financial Group, Inc. (AFG) is a Houston-based company that provides residual-based financing products online since 1999. The AFG Remarketing program is a better solution for financial institutions by offering the greatest financial return to the client through matching assets to the selling network with the greatest amount of buyers. While competitors use a centralized approach to liquidate assets, AFG uses selling networks ranging from traditional auto auctions to direct wholesale or Internet selling platforms. AFG now boasts a partnership with leading skip trace and collection companies ensuring consistent and efficient results for clients.

For more information about AFG or their remarketing program, call 713-812-3333 or toll free at 877-354-4AFG, or visit www.autofinancialgroup.com

Auto Financial Group Gains Strong Momentum for Credit Union Industry’s Premiere Balloon Loan Program: DrivingSense™

Houston, Texas – Auto Financial Group, an online provider of residual-based financing products for credit unions, today reported strong momentum for its DrivingSense balloon loan program. New signings and renewals include Anheuser Busch Employees FCU, Congressional FCU, Corning Credit Union, Dupaco Credit Union, Frankenmuth Credit Union, GPO, SeaComm FCU, and Security Credit Union. Together these credit unions manage more
than $4.5 billion in assets and serve more than 400,000 members.

“At a time when credit unions are looking for opportunities to book more loans and mitigate risk, AFG’s DrivingSense program is well-positioned to appeal to credit union members looking for lower payments and flexibility.” said Richard Epley, President of Auto Financial Group.

“DrivingSense has always protected credit unions from residual value risks,” continued Epley. “For the last twelve years, AFG has guaranteed predetermined residual values of the vehicles. But today, a number of industry and broader economic factors have combined to increase used car values, allowing AFG to offer broader, more comprehensive coverage which further mitigates risk to all stakeholders.”

Key features of the AFG Driving Sense balloon loan program include:

– Residual value insurance
– Compatibility with existing indirect programs
– Automated quoting system
– Automated end-of-term process
– Higher yielding loans
– Positions financial institutions to recapture vehicle financing currently being lost to competitive low payment financing options

”We have been using the AFG Driving Sense balloon loan program for the last two years,” said Gary Roback, Vice President of Member Services at GPO FCU. “Our members like the lower payment and flexibility a balloon loan offers, and the program has made a positive contribution to our bottom line.”

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About Auto Financial Group, Inc.

Auto Financial Group, Inc. (AFG) , a Houston-based company, provides an online residual based vehicle financing product called DrivingSense™ to credit unions and other financial institutions across the United States. The DrivingSense low-payment vehicle financing provides the lease-like benefits of a balloon loan to credit unions and their members. The DrivingSense CarBuilder™ calculator, a customized secure website, gives AFG’s credit union
partners and their members the ability to “build” vehicles and compare payment terms with conventional loans in one easy process. Credit union members receive the benefit of a low payment, flexible terms, actual ownership of the vehicle and several end-of-term options, including the lease-like option of being able to surrender the vehicle and walk away in lieu of paying the final loan payment.

For more information about getting DrivingSense or connecting with a credit union offering DrivingSense, call 713-812-3333 or toll free at 877-354-4AFG, or visit www.autofinancialgroup.com.

Auto Financial Group Signs with GPO Federal Credit Union

New York-based GPO to offer AFG’s DrivingSense™ as both direct and indirect lending option

Houston, Texas – Auto Financial Group (“AFG”), an online provider of residual-based financing products for credit unions, announced today that it has signed an agreement with GPO Federal Credit Union (“GPO”). Under the agreement, GPO will offer AFG’s DrivingSense as both a direct and an indirect lending option.

DrivingSense is a low-payment vehicle financing product that offers the lease-like benefits of a balloon loan to credit unions and their members. The DrivingSense CarBuilder™ calculator, a customized secure website, provides AFG’s credit union partners and their members with the ability to “build” vehicles and compare payment terms with conventional loans in one easy process. Credit union members receive the benefit of a low payment (often as much as 40% lower than a conventional loan payment), flexible two- to six- year terms, actual ownership of the vehicle and several end-of-term options, including the lease- like option of being able to surrender the vehicle and walk away in lieu of paying the final loan payment.

DrivingSense removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance, as well as handling the vehicle’s disposition at the end of the term. AFG is paid one low administration fee for each DrivingSense loan, while the credit union earns all the interest. Credit unions are protected while building an important relationship with their members.

GPO accepts members from more than 150 sponsored employee groups in communities in and around Utica, NY, including Oneida, Herkimer and Madison counties. It has been in existence for more than 75 years and today has over $130 million in assets, and more than 20,000 members served by 50-plus employees.

“We chose DrivingSense for two primary reasons,” stated John Prumo, GPO’s CEO. “First of all, it is affordable. It gives our members the ability to purchase a better vehicle at a lower monthly payment while still having complete ownership of the vehicle.”

“The second reason is that DrivingSense provides us with a product offering that truly brings value to our members in multiple ways.”

 

AFG President Richard Epley responded, “We are pleased to be working with a credit union with such a rich history, and we look forward to providing their members with lower payments, as well as to helping train local auto dealers in the program.”

About Auto Financial Group, Inc.

Auto Financial Group, Inc. (AFG) is a Houston-based company that provides DrivingSense™, an online residual based auto financing product for credit unions and other financial institutions across the United States. AFG removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance, as well as handling the vehicle’s disposition. For more information about getting DrivingSense or connecting with a credit union offering DrivingSense, call 713-812-3333 or toll free at 877-354-4AFG, or visit www.autofinancialgroup.com.

Auto Financial Group Introduces Extended Terms for DrivingSense™ Program

Houston, Texas – Auto Financial Group (“AFG”), an online provider of residual-based financing products for credit unions, announced today that it has added extended terms to its DrivingSense program.

DrivingSense is an auto financing product that offers the lease-like benefits of a balloon loan to credit unions and their members. It allows credit unions to “build” a vehicle for their members, compare payment terms with conventional loans, and offer their members lower payments (often as much as 40% lower), flexible two- to six- year terms, actual ownership of the vehicle and several end-of-term options.

DrivingSense removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance, as well as handling the vehicle’s disposition at the end of the term. AFG is paid one low administration fee for each DrivingSense loan, while the credit union earns all the interest. Credit unions are protected while building an important relationship with their members.

The new extended terms are offered in three-month intervals between regular twelve- month terms. For example, the new extended terms are available at 39-, 42- and 45- months, rather than simply at 36- or 48-months.

The additional flexibility of the extended terms can help both consumers and credit unions in the current economic environment.

“We recognize the challenges in today’s automotive finance world and are offering this extended terms program to help our credit union partners differentiate the DrivingSense product from retail offers for the credit union members,” said AFG President Richard Epley.

“The extended terms give the credit union a way to lower the monthly payments for the credit union member, which is obviously an important advantage to the member as well.”

About Auto Financial Group, Inc.

Auto Financial Group, Inc. (AFG) is a Houston-based company that provides DrivingSense™, an online residual based auto financing product for credit unions and other financial institutions. AFG removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance, as well as handling the vehicle’s disposition. For more information about getting DrivingSense or connecting with a credit union offering DrivingSense, call 713-812-3333 or toll free at 877- 354-4AFG, or visit www.autofinancialgroup.com.

Auto Financial Group Signs with Frankenmuth Credit Union

Houston, Texas – Auto Financial Group (“AFG”), an online provider of residual-based financing products for credit unions, announced today that it has signed an agreement with Frankenmuth Credit Union (“FCU”). Under the agreement, FCU will offer AFG’s DrivingSense as both a direct and an indirect lending option.

DrivingSense is an auto financing product that offers the lease-like benefits of a balloon loan to credit unions and their members. It allows credit unions to “build” a vehicle for their members, compare payment terms with conventional loans, and offer their members lower payments (often as much as 40% lower), flexible two- to six- year terms, actual ownership of the vehicle and several end-of-term options.

DrivingSense removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance, as well as handling the vehicle’s disposition at the end of the term. AFG is paid one low administration fee for each DrivingSense loan, while the credit union earns all the interest. Credit unions are protected while building an important relationship with their members.

FCU handles over 21,000 members across the Great Lakes Bay Region, with more than $197 million in assets and $169 million in loans. Its first branch opened in 1964, and today FCU employs some 100 people.

“DrivingSense appealed to us as something totally different than most of what’s out there,” stated Greg Wischmeyer, VP of Lending, FCU. “It completely fits the credit union mantra of ‘people helping people’ and is a very affordable program — especially for our members who are looking at higher-priced cars.”

“We are excited to be working with FCU and expanding our presence in Michigan,” said AFG President Richard Epley. “We look forward to providing their credit union members in this part of the state with lower payments and to helping train local auto dealers in the program.”

About Auto Financial Group, Inc.

Auto Financial Group, Inc. (AFG) is a Houston-based company that provides DrivingSense™, an online residual based auto financing product for credit unions and other financial institutions. AFG removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance, as well as handling the vehicle’s disposition. For more information about getting DrivingSense or connecting with a credit union offering DrivingSense, call 713-812-3333 or toll free at 877- 354-4AFG, or visit www.autofinancialgroup.com.

About Frankenmuth Credit Union

Frankenmuth Credit Union (FCU) was organized in 1964 and serves anyone that lives, works, worships or was educated in the four Michigan counties of Saginaw, Tuscola, Bay or Genesee. FCU has 9 branches conveniently located throughout its field of membership, with its main office being in Frankenmuth, Michigan. FCU constantly strives to offer its members a well rounded mix of financial products to meet all of their financial needs.

Auto Financial Group Signs with United Federal Credit Union

Houston, Texas – Auto Financial Group (AFG), an online provider of residual-based financing products for credit unions, announced today that it has signed an agreement with United Federal Credit Union (UFCU). Under the agreement, UFCU will offer AFG’s DrivingSense as an indirect lending option.

DrivingSense is an auto financing product that offers the lease-like benefits of a balloon loan to credit unions and their members. It allows credit unions to “build” a vehicle for their members, compare payment terms with conventional loans, and offer their members lower payments (often as much as 40% lower), flexible two- to six- year terms, actual ownership of the vehicle and several end-of-term options.

DrivingSense removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance, as well as handling the vehicle’s disposition at the end of the term. AFG is paid one low administration fee for each DrivingSense loan, while the credit union earns all the interest. Credit unions are protected while building an important relationship with their members.

Michigan-based UFCU currently has more than 84,000 member/owners worldwide and manages assets in excess of $800M.

“DrivingSense adds another financing option for our credit union members, which is particularly important in today’s economy when people are so payment-conscious,” stated UFCU Indirect Lending Manager Noe Najera. “We want to be a leader in the credit union movement offering this kind of service.”

“We continue to believe that this is an important time for DrivingSense,” says AFG President Richard Epley. “We look forward to working with UFCU and providing their credit union members with lower payments and UFCU itself with higher yielding loans, a combination of features that are simply unmatched in the current marketplace.”

About Auto Financial Group, Inc.

Auto Financial Group, Inc. (AFG) is a Houston-based company that provides DrivingSense™, an online residual based auto financing product for credit unions and other financial institutions. AFG removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance, as well as handling the vehicle’s disposition. For more information about getting DrivingSense or connecting with a credit union offering DrivingSense, call 713-812-3333 or toll free at 877- 354-4AFG, or visit www.autofinancialgroup.com.

About United Federal Credit Union

United Federal Credit Union has served its members since 1949 by helping them to build a sound financial future. Presently UFCU consists of more than 95,000 member/owners worldwide, and manages assets in excess of $1.1 billion. Its corporate offices and main branch are located in St. Joseph, Michigan with additional branches located in Arkansas, Michigan, Nevada, North Carolina and Ohio. For more information about United Federal Credit Union, please call toll-free at 1-888-982-1400, or visit the credit union’s web site at www.unitedfcu.com.

Auto Financial Group Signs with Fort Financial Credit Union

Houston, Texas – Auto Financial Group (AFG), an online provider of residual-based financing products for credit unions, announced today that it has signed an agreement with Fort Financial Credit Union (FFCU). Under the agreement, FFCU will offer AFG’s DrivingSense as both a direct and an indirect lending option.

DrivingSense is an auto financing product that offers the lease-like benefits of a balloon loan to credit unions and their members. It allows credit unions to “build” a vehicle for their members, compare payment terms with conventional loans, and offer their members lower payments (often as much as 40% lower), flexible two- to six- year terms, actual ownership of the vehicle and several end-of-term options.

DrivingSense removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance, as well as handling the vehicle’s disposition at the end of the term. AFG is paid one low administration fee for each DrivingSense loan, while the credit union earns all the interest. Credit unions are protected while building an important relationship with their members.

With its corporate offices in Ft. Wayne, Indiana, FFCU has branches throughout the state, as well as in Illinois, Mississippi, and North Carolina, and currently has more than 45,000 members.

“DrivingSense is an opportunity to expand, which benefits our membership,” stated Tammy Hartman, Vice President Sales & Service, FFCU. “The indirect lending option helps in terms of gaining new members, and the direct lending gives our existing members an important new option.”

“We are excited to be working with FFCU,” says AFG President Richard Epley. “We look forward to providing their credit union members with lower payments and to helping train local auto dealers in the program.”

About Auto Financial Group, Inc.

Auto Financial Group, Inc. (AFG) is a Houston-based company that provides DrivingSense™, an online residual based auto financing product for credit unions and other financial institutions. AFG removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance, as well as handling the vehicle’s disposition. For more information about getting DrivingSense or connecting with a credit union offering DrivingSense, call 713-812-3333 or toll free at 877- 354-4AFG, or visit www.autofinancialgroup.com.

About Fort Financial Credit Union

For most people, banking is a cold, sterile, and often a confusing experience. Typical bankers just don’t seem to speak your language, and they rarely remember your name. Not at Fort Financial. So what makes us different? As a not-for-profit financial cooperative, we are owned and operated by our members, not a huge corporate entity. Which means YOU have direct impact on our policies, procedures, products and services. Since just after the end of World War II, Fort Financial Credit Union has shared our members’ values – honesty, integrity, and respect for a hard-earned dollar. Plus, because of our simple, straightforward financial approach, our members enjoy doing business with us!

At Fort Financial, we are continually updating and improving our services for you. Talk to one of our friendly professionals at your local branch and they will help you get just what you need to help manage your money. We mean what we say, we do what we promise, and we make your finances simple – only at Fort Financial Credit Union.

Auto Financial Group Announces Integration with RouteOne

Houston, Texas – Auto Financial Group (AFG), an online provider of residual-based financing products for credit unions, announced today that it has completed its agreement with RouteOne LLC. Under the agreement, RouteOne will offer its dealership customers the opportunity to easily connect to AFG and the 200+ credit unions currently offering AFG’s DrivingSense(TM) program directly through RouteOne.

DrivingSense is an auto financing product that combines the advantages and flexibility of vehicle ownership with the benefits of leasing to credit unions and their members. The CarBuilder(TM) calculator provides credit unions with the capability to ‘build’ a vehicle quote that offers their members lower payments, flexible two- to six- year terms, and the benefits of actual ownership of the vehicle. At loan maturity, the member has the additional ‘lease- like’ option of surrendering the vehicle in lieu of paying the final balloon payment.

DrivingSense removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance, as well as handling the vehicle’s disposition at the end of the term. AFG is paid one low administration fee for each DrivingSense loan, while the credit union earns all the interest. Credit unions are protected while building an important relationship with their members.

“We are happy to be able to respond to our dealers’ requests for a residual-based program and offer AFG’s DrivingSense,” said Mike Jurecki, RouteOne CEO. “AFG is a solid choice for dealers, credit unions and customers, and we welcome them to our platform.”

AFG President Richard Epley concurred, saying, “We are excited to work with the leader in dealer portals and RouteOne’s 21,000 participating dealerships. We believe that our product will make an important difference for RouteOne’s dealers, especially during these challenging economic times.”

About Auto Financial Group, Inc.

Auto Financial Group, Inc. (AFG) is a Houston-based company that provides DrivingSense™, an online residual based auto financing product for credit unions and other financial institutions. AFG removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance, as well as handling the vehicle’s disposition. For more information about getting DrivingSense or connecting with a credit union offering DrivingSense, call 713-812-3333 or toll free at 877- 354-4AFG, or visit www.autofinancialgroup.com.

About RouteOne

RouteOne was formed in 2002 by Chrysler Financial, Ford Motor Credit Company, GMAC, and Toyota Financial Services to create a more streamlined credit application for automobile dealers and their customers. Providing access to more than 21,500 dealers in North America, RouteOne’s web-based system allows automotive dealers to submit credit applications to the largest indirect lenders, request credit reports, and increase profitability with RouteOne’s free Dealer Reporting Suite. RouteOne’s open integration business model also allows the dealer to integrate with their choice of a wide variety of best in class providers, including DSPs, CRM systems, F&I modules and menu providers. RouteOne offers dealers a common platform for all their credit application financing needs. More information is available at www.routeone.com.

Auto Financial Group Signs with Credit Union Lending Systems

Houston, Texas – Auto Financial Group (AFG), an online provider of residual-based financing products for credit unions, announced today that it has signed an agreement with Credit Union Lending Systems (CULS). Under the agreement, CULS credit unions will offer AFG’s DrivingSense to their members.

DrivingSense is an auto financing product that offers the lease-like benefits of a balloon loan to credit unions and their members. It allows credit unions to “build” a vehicle for their members, compare payment terms with conventional loans, and offer their members lower payments (often as much as 40% lower), flexible two- to six- year terms, actual ownership of the vehicle and several end-of-term options.

DrivingSense removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance, as well as handling the vehicle’s disposition at the end of the term. AFG is paid one low administration fee for each DrivingSense loan, while the credit union earns all the interest. Credit unions are protected while building an important relationship with their members.

CULS is a service offered exclusively to credit union members. CULS and credit unions have teamed up with hundreds of auto, boat, motorcycle and RV dealers to provide credit union financing right at the dealership.

In these difficult economic times, particularly in the auto industry, credit unions offering AFG’s DrivingSense are still able to offer their members affordable financing for a new car and a lower payment.

“We have simply never seen a better time for DrivingSense,” says AFG President Richard Epley. “It is a product that provides credit union members with lower payments and credit unions with higher yielding loans, a combination of features that are simply unmatched in the current marketplace.”

About Auto Financial Group, Inc.

Auto Financial Group, Inc. (AFG) is a Houston-based company that provides DrivingSense™, an online residual based auto financing product for credit unions and other financial institutions. AFG removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance, as well as handling the vehicle’s disposition. For more information about getting DrivingSense or connecting with a credit union offering DrivingSense, call 713-812-3333 or toll free at 877- 354-4AFG, or visit www.autofinancialgroup.com.

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