Post Tagged with: "leasing"

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15 Tricky Questions Consumers Ask About Auto Finance

Guides, Operations, Sales & Marketing March 27, 2018 at 11:14 am

Any company needs to anticipate the questions their consumers will ask — before they ask them — in order to create a positive customer experience. Auto finance is no different. In fact, since auto loans and leases are relatively complex products compared to, say, neckties, lenders should do more upfrontRead More

Take Your Lease Maturity Management to Higher Automated Ground–ing

Take Your Lease Maturity Management to Higher Automated Ground–ing

Operations May 23, 2017 at 10:56 am

For the sixth straight year, auto leasing gained in popularity among consumers.* Lenders and dealers have capitalized on the popularity of leasing by extending millions of contracts to consumers over the last few years.  As momentum for new cars trend upward, leasing continues to shift forward, portfolios grow and aRead More

Auto Industry Could ‘Get Scary’ if Coming Off-Lease Supply Isn’t Managed

Auto Industry Could ‘Get Scary’ if Coming Off-Lease Supply Isn’t Managed

Risk, Sales & Marketing October 28, 2015 at 4:29 pm

The party can’t last forever, Joseph Derkos, director, consulting & analytics, Power Information Network (PIN) said at the Standard & Poor’s Auto Industry Hot Topics conference earlier this month. Derkos was referring to the continued growth and recovery the auto industry has experienced since the recession. The seasonally adjusted annualRead More

Why Leasing is Trending Among Millennials

Why Leasing is Trending Among Millennials

Best Practices, Management, Operations October 21, 2015 at 10:45 am

Why do millennials lease at a higher rate than other customer segments? When it comes to car purchases, millennials choose not to commit. For an increasing number of 18- to 34-year-olds, leasing is the preferred option for car ownership, experts say. In fact, millennials lease at a higher-than-average rate. RecentRead More

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New Webinar to Explore the ‘Great Lease Return’

Compliance, HR, IT, Management, Operations, Payments, Risk, Sales & Marketing September 5, 2014 at 4:10 pm

For several years, the supply of used cars has been limited, keeping prices high. But a rising supply of off-lease vehicles in 2014 will contribute to higher depreciation, and pressure residual value losses, according to a July report from Black Book and Fitch Ratings. How should lenders prepare for theRead More

The Coming Shift in Leasing Dynamics

The Coming Shift in Leasing Dynamics

Operations, Risk August 28, 2014 at 9:00 am

As automotive lenders know, leasing is a cyclical business tied to shifting interest rates. For decades, as rates have gone up, so too has consumers’ adoption of leasing. However, an interesting shift in leasing dynamics may be upon us. In a record year, leases accounted for 23 percent of new car sales in 2013, a figure that is expected to climb higher still by the end of 2014.