Category Archives: Auto Financing

Hyundai Motor seeks to raise stake in auto financing unit

South Koreas carmaking giant Hyundai Motor Group is seeking to raise holdings in its auto financing unit by taking over a part of stakes held by a US firm, industry sources said Wednesday.   Currently, GE Capital, a unit of General … Continue reading

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How Uber & auto industry work together

A Kia Motors America spokesperson said the automaker is offering a $1,000 incentive for Uber drivers on eight vehicles from the 2015 model year and $500 on the 2016 model-year variety of the same vehicles, provided they meet certain stipulations.  … Continue reading

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(LEAD) Hyundai Motor to jack up stake in auto financing JV this week: sources

(ATTN: ADDS more info in last 3 paras) SEOUL, Dec. 21 (Yonhap) — South Koreas carmaking giant Hyundai Motor Group will take over a 23 percent stake in its auto financing joint venture from its US partner this week, industry … Continue reading

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LightStream Drives Consumer Education for End-of-Year Auto Buyers

ATLANTA, Dec. 7, 2015 /PRNewswire/ –LightStream, a national online lending division of SunTrust Bank, today offers must-have information for end-of-year car buyers with help from Kelley Blue Book. According to experts from Kelley Blue Book (www.kbb.com), the only vehicle valuation … Continue reading

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How to make ‘good debt’ work for you

Thanks to the economic downturn and its lingering effects, the word debt predominantly carries a negative connotation. But you may have heard in the midst of balancing your budget or planning for retirement, that not all financing is created equal. … Continue reading

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2 join RouteOne Canada’s auto finance portal

MARKHAM, Ontario – Two companies recently announced they have joined RouteOne Canada’s auto financing portal: Rifco National Auto Group and Desjardins Group. First up, in light of the partnership with Rifco National Auto Group, participating dealers who have a relationship … Continue reading

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Who will absorb potential interest rate rise?

“This type of interest rate increase is pretty modest and can be absorbed by the finance provider if they so choose,” Kwas said. “It may not ever show up directly to the consumer at all. We think in the near … Continue reading

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GM Financial to add up to 700 jobs in Texas

General Motors Co.’s captive finance arm, General Motors Financial Company Inc., said Thursday it plans to build a new financial servicing center in San Antonio, Texas, that will house up to 700 employees, mostly new hires. On Thursday, the San … Continue reading

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Jugnoo partners with Punjab National Bank, Piaggio for easy auto finance

Auto-rickshaw aggregator Jugnoo, which counts Paytm and Freecharge CEO Kunal Shah among its investors, said it has tied up with Punjab National Bank and Piaggio to help secure easy financing for auto rickshaws. Piaggio and PNB have decided to relax … Continue reading

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Local vehicle sales surge 66pc in July-Nov on easy bank financing

KARACHI: Vehicles sales in Pakistan leapt 66 percent to 93,570 units in the first five months of the current fiscal year as increased supply met pent-up demand on strong consumer spending and easy auto financing, analysts said on Friday.  The … Continue reading

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