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Ford Credit program makes dealer visit optional

Ford Motor Credit customers will soon be able to purchase and finance new vehicles from a dealership's website, thereby making a visit to the store optional.

 

Dealertrack aims to introduce 'seamless, easy' F&I platform

Dealertrack's next-generation F&I system is a simpler, more deal-centric approach to working with Dealertrack's tools, such as credit applications, bureau reports, compliance tools, desking solutions and F&I product menus. That should allow dealerships to do everything in one place instead of opening multiple programs.

Trended data better at assessing auto loan risk, analysis shows

Auto loan accounts could jump 11 percent a year if lenders use trended data, according to Equifax.

Store not liable for unauthorized credit pull, but dealers should take heed

What should a dealership do about a customer who comes into the showroom, authorizes a credit check, doesn't buy a vehicle at that time but starts

Incentives to rise, be more strategic in 2017

Incentives not only will climb in 2017, they'll be more strategically placed, too, experts at the North American International Auto Show said.

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Dealertrack aims to introduce 'seamless, easy' F&I platform

Dealertrack's next-generation F&I system is a simpler, more deal-centric approach to working with Dealertrack's tools, such as credit applications, bureau reports, compliance tools, desking solutions and F&I product menus. That should allow dealerships to do everything in one place instead of opening multiple programs.

N.J. law would restrict use of starter-interrupt devices

The New Jersey Legislature has passed a bill that imposes disclosures and restrictions on the use of starter-interrupt devices, which auto lenders sometimes require be installed in vehicles when they approve loans to consumers with poor credit.

Lincoln Financial set to roll out lease mileage credit program

Following a successful pilot, Lincoln Financial Services this year will roll out nationwide a “Lincoln Miles” lease credit program that's aimed to minimize lease anxiety, Lincoln President Kumar Galhotra told Automotive News this week on the sidelines of the Detroit auto show.

Auto finance forecast: Mostly sunny with a few dark clouds

The forecast for auto finance in 2017 is mostly sunny. But growth in longer-term loans, a corresponding increase in negative equity, declining used-car prices, a high level of incentives, and an uptick in interest rates are dark clouds to keep an eye on, analysts said.

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