Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced Q2 2017 growth figures today, revealing increasing momentum in new customer signings.
Since April 2017, AFG has signed nine new credit unions to the AFG Balloon Lending Program including: Hartford Healthcare FCU, Hudson River Financial FCU, Northwoods Credit Union, PriorityONE Credit Union, Smart Financial Credit Union, South Bay Credit Union, South Florida Educational FCU and U.S. Employees Credit Union. Two of the credit unions could not be disclosed due to marketing policies. These nine credit unions represent a reach increase of over 10 million consumers and combined assets of over $2.8 billion across nine states.
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. “The geographic diversity of these newly signed credit unions demonstrates that the demand for residual based financing continues to rise across the United States.”
Auto Financial Group also continues to receive transactions from its recently launched leasing program, which is steadily building momentum. Learn more about the leasing program at: https://www.autofinancialgroup.com/products/leasing-program/
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.
For more information about AFG call toll free at 877-354-4234, or visit www.autofinancialgroup.com