Increase Your Share of the Auto Market and Combat Member Negative Equity Trends (Podcast)
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 and consumers happy, is vital.
In this podcast, we answer questions such as:
- How can I safeguard my financial institution while expanding auto lending options?
- How can my financial institution provide borrowers with lower monthly payments on their auto lease while still giving them the cars they really want?
- How can my financial institution avoid the build of borrower negative equity?