Outside of their home, or their children’s education, their car is most Americans’ largest purchase. But when it comes to making that purchase, many would-be customers run up against two big obstacles: a lack of transparency around financing solutions, and outdated software first launched in...
Yendo, a FinTech offering a credit card tied to users’ car equity, is $165 million richer. The company announced the new funding — $150 in debt financing, $15 million in equity — Thursday (May 16), saying it would use it to fuel the growth of originations on...
England’s financial watchdog is taking a long look at the way lenders financed car loans. And that investigation could have broader implications for the country’s banking sector, Bloomberg News said in a report Sunday (Feb. 25). The Financial Conduct Authority (FCA) is reviewing commissions on...
Chase has joined CarGurus’ multilender financing platform, expanding options for consumers looking to prequalify for auto financing online. The bank joins Capital One, Global Lending Services and Westlake Financial as a participating lender on the online automotive platform, CarGurus said in a Monday (Jan. 29) press release. With over 70% of car shoppers wanting...
July 22, 2024
Outside of their home, or their children’s education, their car is most Americans’ largest purchase. But when it comes to making that purchase, many would-be customers run up against two big obstacles: a lack of transparency around financing solutions, and outdated software first launched in the previous century. “Consumers go to dealerships and pick out […]
February 23, 2018
Americans like owning and driving cars — 88 percent of those who are legally able to drive are owners of cars, according to Pew, giving the U.S. the world’s second-highest...
July 11, 2017
There’s nothing like that new car smell. And the fun of driving a new car off the dealer’s parking lot. But the process of getting there is anything but fun, especially...
November 13, 2024
The U.K.’s financial watchdog is giving auto financing companies more time to deal with customer complaints. The Financial Conduct Authority (FCA) announced this decision Wednesday (Nov. 13) in the wake of a recent court ruling that forbids dealers from getting a commission from auto lenders without the customer’s consent. The FCA says car finance companies are “likely to receive […]
May 16, 2024
Yendo, a FinTech offering a credit card tied to users’ car equity, is $165 million richer. The company announced the new funding — $150 in debt financing, $15 million in equity —...
February 25, 2024
England’s financial watchdog is taking a long look at the way lenders financed car loans. And that investigation could have broader implications for the country’s banking sector, Bloomberg News said...
January 29, 2024
Chase has joined CarGurus’ multilender financing platform, expanding options for consumers looking to prequalify for auto financing online. The bank joins Capital One, Global Lending Services and Westlake Financial as a participating lender on the online automotive platform,...
