Online car retailer Carvana is tightening its lending standards in response to higher delinquency rates. The company is requiring higher down payments from customers and...
England’s financial watchdog is taking a long look at the way lenders financed car loans. And that investigation could have broader implications for the country’s...
In all industries, what happens after the sale can be as critical as the initial transactions themselves. That includes the automotive industry, where cancellations and...
Chase has joined CarGurus’ multilender financing platform, expanding options for consumers looking to prequalify for auto financing online. The bank joins Capital One, Global Lending Services and Westlake Financial as a participating lender...
An increasing number of drivers reportedly owe more on their loans than their cars are worth. It’s a situation known as negative equity, and last...
The surge in interest rates has resulted in record-high loan payments for consumers who have borrowed money to purchase new cars. With one in five...
The Federal Reserve indicated last week that higher interest rates will likely stick around. And as The Wall Street Journal (WSJ) reported Tuesday (Sept. 26), this situation has begun...
Caribou Financial has a new CEO, one focused on expanding the lender’s auto loan refinancing presence. “It’s a pretty simple business and it’s just a...
LendingClub has tapped Santander Consumer as the primary loan servicer for its auto refinance portfolio. The partnership, announced Tuesday (Sept. 12), involves LendingClub Bank’s direct auto refinance program...