Articles for Finance Insights
Wednesday, January 20, 2010
Mid-Atlantic Finance Company (MAF) is a company ready to leverage its 21 years in the industry to help BHPH dealers make the most of their portfolios, whether that means account servicing, portfolio acquisitions or even the purchase of GPS devices.
Tuesday, December 01, 2009
Late 2008 and early 2009 brought news of finance companies tightening their guidelines and shrinking originations, and with NADA values not keeping up with market values, landing profitable special finance deals has been a challenge for many dealers.
Wednesday, October 28, 2009
The past 12 months have provided a bumpy ride for most of those involved in the special finance industry. As credit tightened after capital markets vanished and delinquencies rose, dealers felt the pinch all across the country.
Tuesday, October 13, 2009
Non-business bankruptcy filings for the 12-month period ending June 30, 2009 were up 34 percent over the previous year, according to recently released statistics from the Administrative Office of the U.S. Courts, Chapter 7 filings alone were up 47 percent, while Chapter 13 filings saw a 12 percent increase.
Friday, September 18, 2009
“Now more than ever, having that relationship with your lenders is invaluable … It’s caring about the performance of your paper, your efficiencies.”
Tuesday, July 14, 2009
With over 30 years of history in the subprime market, CitiFinancial understands how this business cycles. “We’ve been here a long time. We know the business. We’re not in and out of the business, so that, I think, is important,”
Friday, May 01, 2009
In today’s volatile subprime market, it helps dealers to be able to rely upon a well-established finance company that has demonstrated longevity in the subprime market. Since 1954, it has been the goal of Nationwide Acceptance Corporation to help dealers offer financing to customers needing to establish or re-establish credit.
Thursday, January 01, 2009
A mainstay in the subprime auto finance market – even throughout recent market turmoil – the Capital One Dealer Subprime Program has a footprint which covers the majority of franchise dealers nationwide. The two factors that have played a major role in the company’s longevity in today’s tough market are its capital strength and commitment to both the market and its dealer base.
Monday, December 01, 2008
By many accounts, the current credit crisis is the result of too much money being loaned to the wrong people with the wrong repayment terms. Despite the government’s best efforts, money at financial institutions ranging from the largest national banks to the local credit unions is not being put to work to improve the market.
Wednesday, October 01, 2008
The recent pullback (or pullout) of subprime finance companies means dealers are more closely examining other financing sources available to them. One consistent and longtime finance company many dealers are looking to and doing business with is Western Funding, Inc., based in Las Vegas, Nev.
Friday, August 01, 2008
“We believe we are poised to become one of the leading companies in our industry.”
Sunday, June 01, 2008
According to a Federal Reserve report released March 5, 2008, the economic downturn, which started in the handful of states where the housing market was in the worst shape, is spreading to almost every corner of the country and to a wide variety of industries.
Tuesday, April 01, 2008
February 2008 bankruptcy filings spiked and were reportedly the highest in a single month since the 2005 law changes. This is a cause for celebration at Tidewater Motor Credit (TMC). Celebration, you ask? Absolutely! TMC specializes in open Chapter 7 bankruptcy business.
Friday, February 01, 2008
“Can I please see a rate sheet?”
That’s usually the first thing reps hear when they enter a dealership for the first time, and rightfully so.
Wednesday, August 29, 2007
“If the rate of change on the outside exceeds the rate of change on the inside, the end is near.” Change is inevitable and it’s going to happen no matter what.
Wednesday, August 29, 2007
They have survived a checkered history, and two issues ago were named as one of the more aggressive companies in the market. Nevertheless, some dealers and SF managers harbor some strong negative feelings and as a result, refuse to even give them a look.
Sunday, July 01, 2007
Before the days of the Internet, credit bureaus or even the telephone, bankers loaned money to consumers to purchase items that they otherwise could not afford. Banking was a professional art where the often intimidating loan officer would structure a loan around what was called the Three “C’s” of Finance –