Marketplace Lender Avant Debuts Auto Refinance Loans

Online marketplace lender Avant Inc. will now offer direct-to-consumer auto refinance loans, the company announced today. The new auto loan product will initially launch in California, and is expected to be live in Illinois and Georgia by early in the second quarter, with a national rollout expected by the third quarter, according to Avant. “Today’s middle-income consumers have to often settle [...]

By |2016-03-25T20:26:49+00:00March 25th, 2016|Auto Finance Report, News|0 Comments

Auto Finance: 2015 finished strong and 2016 looks even better.

Wells Fargo & Co. today reported auto originations of $7.6 billion, up 13% from the same time a year ago. As for outstandings, indirect auto receivables were $57.1 billion, up 2.5% year over year. Commercial auto outstandings were $10.3 billion in 4Q15, up 14.2%, year over year.U.S. Bank has released year-end earnings today, and wrapped [...]

By |2016-01-18T16:58:39+00:00January 18th, 2016|Auto Finance Report, News|0 Comments
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