AFG’s Tim Kelly featured in NAFCU podcast discussing the auto market and how to combat negative equity trends
According to Experian Automotive, in Q1 2018 consumers chose residual-based financing for nearly 30% of all new vehicles financed. In 2019, as car prices and interest rates continue to rise, consumers will continue to seek flexible financing programs to make their monthly payments affordable. The used car opportunity is huge. Knowing your options and understanding how to keep your business safe, while making your members happy, is vital.
In this podcast, we answer questions such as:
- How can I safeguard my credit union while expanding auto lending options?
- How can my credit union provide borrowers with lower monthly payments on their auto lease and still give them the cars they really want?
- How can my credit union avoid the build of borrower negative equity?