Consumer Car Loan Blog

• Providing the pit crew for efficient paperless funding
• Driving a great experience from the customers perspective
• Staying on track with guided decision making

Delivering Efficient Paperless Funding

In automotive racing, the pit crew is responsible for managing and ensuring the vehicle has proper fuel levels, tires, repairs, mechanical adjustments or even a driver change. They orchestrate the process of stopping in the pit which often determines the outcome as much as what occurs on the race track.

For automotive and equipment financing, adaptive case management is like the pit crew. Information is the fuel that feeds the process. But the information...

JAKARTA: Publicly listed consumer financing firm PT BFI Finance Indonesia (BFIN) has issued medium-term notes (MTN) to raise Rp 225 billion (US$25.2 million) needed to fund its leasing and consumer financing business, the company says.

The bonds were issued in two series: The A series will mature in two years (Rp 25 billion) and the B series will mature in three years (Rp 200 billion), according to a file submitted to the Indonesia Stock Exchange (IDX)
on Thursday.

BFI Finance did not disclose the coupon rate and timeframe for the bond issuance.

“Arrangers for the MTN issuance were PT NISP Sekuritas and PT Danareksa Sekuritas, with [publicly listed] PT Bank Sinarmas...

DETROIT, Feb. 3, 2012 /PRNewswire via COMTEX/ –
Ally Financial ranked number one in financing consumer auto sales in the U.S., according to AutoCount by Experian Automotive. Ally accounted for more than one in every eleven vehicles financed in the U.S. in 2011, with more than $40 billion in consumer financing contracts for new or used cars and trucks.

Ally is also a leading provider of commercial financing for auto dealers, including dealer inventory and other loans, with about $29 billion in U.S. auto commercial assets at the end of 2011.

Year-over-year, Ally posted a 27 percent increase in new vehicle financing and a 90 percent increase in used vehicle financing...

STAMFORD, Conn. & WAYNE, N.J., Jan 31, 2012 (BUSINESS WIRE) –
GE Capital Retail Bank today announced a definitive multi-year agreement
to provide the consumer credit card program in the United States and
Puerto Rico for Toys”R”Us, the world’s leading dedicated toy and
juvenile products retailer. GE Capital’s Retail Finance business, the
operating entity that provides financial solutions to retailers to help
grow their customer sales, will manage the Toys”R”Us relationship and
service the account.

The Toys”R”Us credit card program, which launches in June...

The multi-year agreement, backed by GE Capital, Stamford, Conn., was launched in 2009 and will continue to offer a range of flexible payment options and extended terms, including deferred interest programs, through the Art Van Signature Card credit program.

Our relationship with GE Capital has contributed to Art Vans growth and helped us meet our business goals, said Ken Bussell, director of consumer finance for Art Van, Warren, Mich. We are pleased to renew our financing program and continue offering our customers the tools and programs they value.

Consumers can use the Art Van Signature Card at any store location and the Art Van Web site to purchase a wide range of living...