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AFG’s Tim Kelly featured in NAFCU podcast

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…
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Helping Members Get Off the ‘Negative Equity Treadmill’

AFG's Tim Kelly explores a few approaches to help borrowers who are upside-down on their loans in a CU Times Article It’s an all too common situation. A couple named Lisa and Roger own a vehicle that increasingly presents expensive mechanical issues, feels dated in terms of technology, and is too small and unreliable for a growing family. They’re eager to get into a newer car but the value of the current car is $10,000 and they owe $15,000. They…
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Auto Financial Group Announces Strategic Growth into the Canadian Market

HOUSTON, August 9, 2018 – Auto Financial Group announced today that it completed the acquisition of Credit Union Leasing Administration of Canada Ltd. on August 1. CUL Administration of Canada provides a turnkey program to Canadian credit unions to enable them to participate in consumer and commercial automobile leasing. Peter Birks, President of CUL Administration of Canada, will continue to run operations as the company integrates with Auto Financial Group. AFG’s growth into new markets demonstrates its commitment to financial institutions across the United…
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Auto Financial Group Announces Strong Results for Q2 2018

Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q2 2018 today, continuing a strong trend in new customer signings of the past year. In this quarter, AFG has signed eight new credit unions to the AFG Balloon Lending Program: Minnesota Power Employees Credit Union, York County FCU, Mill City Credit Union, American Lake Credit Union, AllWealth FCU, Postal Family Credit Union, Members…
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Options available to lenders to address the impact of recent fed rate hikes

AFG's Tim Kelly explores options available to lenders in a shifting auto lending landscape in a CU Journal Article Auto lenders face several interesting trends in 2018. On one hand, vehicle sales are expected to be robust with Cox Automotive projecting 39.5 million used vehicles to be sold up from 39.3 million and 16.7 million new vehicles down slightly from 17.1 million. U.S. consumer confidence is at a 17-year high and it is anticipated that the recent tax cuts will serve to…
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Auto Financial Group Announces Strong Results for End of 2017 and Beginning of 2018

Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q4 2017 and Q1 2018 today, continuing a strong trend in new customer signings of the past year. Since October 2017, AFG has signed eight new credit unions to the AFG Balloon Lending Program: Great Basin FCU, Cencap FCU, Two Harbors FCU, Pima FCU, Best Financial Credit Union, Northern Kentucky Educators Credit Union, HealthCare…

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Auto Financial Group Announces Continuing Momentum in Q3 2017 Growth Figures

Auto Financial Group Announces Continuing Momentum in Q3 2017 Growth Figures Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced Q3 2017 growth figures today, revealing increasing momentum in new customer signings. AFG welcomes Credit Union of Texas as a new partner to our remarketing services. Credit Union of Texas is based in Dallas, TX and ranks in the top 100 credit unions in the…
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