Press releases

Auto Financial Group Announces Q4 2020 Results 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 2020 today. In the fourth quarter of 2020 AFG signed twelve new credit unions to its residual based financing programs: WSSC Federal Credit Union, Mutual Security CU, CoastLife Credit Union, Capitol View Credit Union, Community One Credit Union of Ohio, Inc., University of Nebraska FCU, Filer…

Auto Financial Group Announces Q3 2020 Results 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 Q3 2020 today. In the third quarter of 2020 AFG signed four new credit unions to its residual based financing programs: Hartford Firefighters Federal Credit Union, Heritage USA Federal Credit Union, UHS Employees Federal Credit Union and Union Square Federal Credit Union signed up for the AFG…

Houston, Texas – Auto Financial Group (AFG) and CRIF Select announced a new partnership today. CRIF Select will now offer AFG’s walk-away balloon and leasing programs through their 5,000 auto dealers and 140+ lender partners. “We are excited to partner with CRIF select, which will allow us to meet the growing demand for residual based financing products by bringing our programs to even more consumers through CRIF’s extensive dealer and lender network,” says Richard Epley, CEO of AFG. “We are…

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 2020 today. In the second quarter of 2020, in spite of the challenges due to the coronavirus lockdown, AFG signed five new credit unions to its residual based financing programs: AmeriCU Credit Union, Bridge Credit Union and National JACL Credit Union signed up for the AFG Balloon Lending Program and Associated Credit Union…

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 Q1 2020 today. In the first quarter of 2020, in spite of the challenges due to the coronavirus lockdown, AFG signed three new credit unions to the AFG Balloon Lending Program: Family Advantage Federal Credit Union, Montana Health FCU and Pasadena Service Federal Credit Union. The three credit unions represent combined assets of over…

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 2019 today. In the last quarter of 2019, AFG signed four new credit unions to the AFG Balloon Lending Program: Electro Savings Credit Union, Extra Credit Union, MAC Federal Credit Union and Awakon Federal Credit Union. The four credit unions represent combined assets of over $400 million and a reach increase of over…

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-Q3 2019 today. In the last two quarters, AFG signed seven new credit unions to the AFG Balloon Lending Program including Arkansas Federal Credit Union, Panhandle Educators Federal Credit Union, Northland Area Federal Credit Union, Desert Valleys Federal Credit Union and First New York Federal Credit Union to name a few. The seven credit…

Houston, Texas, May 14, 2019 – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q1 2019 today, increasing the number of new customer signings compared to every quarter in 2018. In this quarter, AFG signed eleven new credit unions to the AFG Balloon Lending Program: Cinfed CU, Traverse Catholic FCU, Financial Builders FCU, Velocity Credit Union, MountainCrest Credit Union, CapEd Federal Credit Union, Ray Federal…

HOUSTON, April 9, 2019 – Auto Financial Group (AFG) and CarLotz announced today a new remarketing partnership. Through this relationship, AFG’s clients will have access to a comprehensive remarketing solution that will not only help simplify their process but will place vehicles for sale through the optimal channel to maximize the return on their portfolio. “The partnership with AFG enables us to utilize our national retail remarketing footprint along with our combined wholesale expertise to ensure that AFG’s clients receive…

Houston, Texas – Auto Financial Group (AFG) announced today that Pentagon Federal Credit Union (PenFed), the second largest federally chartered credit union in the United States based on assets, has signed on to AFG’s Residual Based Financing Program. The partnership with PenFed further reinforces AFG’s mission to expand into new markets to meet the rising consumer demand for residual based financing. AFG’s Program will be available to PenFed’s member base of 1.8 million. “The AFG program will allow us to…