Auto Financial Group

Gene's in Michigan this week! He visited Brown Motors, dealer partner of Northland Area Federal Credit Union.

Edmunds' Q3 analysis set six new records, including one that should stop every auto lender cold: 6.5% of used-vehicle buyers who financed are now signing up for monthly payments of $1,000 or more.

Average amounts financed and loan terms keep climbing too, which means your credit union is likely seeing more borrowers stretched to the edge of their budgets.

That payment pressure is exactly what residual based financing was built to address. AFG's program lowers monthly payments by 30 to 45% compared to conventional auto loans, with the guaranteed future value set at loan origination and a walk-away option that protects borrowers from negative equity at term end.

Edmunds spots 6 new records as average amounts financed, payments & terms keep growing in Q3 The newest auto-finance data from Edmunds reinforced why the car-shopping site is part of a conversation about vehicle affordability during Used Car Week, which

Auto Financial Group is so excited about this new partnership with Ridero, as we continue to pursue our mission to expand access to residual based financing:

Ridero and AFG Announce Strategic Partnership to Expand Residual-Based Vehicle Financing /PRNewswire/ -- Ridero, the technology platform building infrastructure for vehicle leasing and residual-based financing, today announced a strategic...

AFG's Tim Kern visited new partner Wauna Credit Union and stopped by to say hi to partner Fibre Federal Credit Union.

🏞️ He also stopped to take in the sights of the beautiful Pacific Northwest.

🤯 10-year car loans are on the rise according to Automotive News.

Longer terms lower the monthly payment on paper, but they dramatically increase the years a borrower spends underwater on a vehicle that depreciates long before the loan is paid off. That is a risk your credit union carries in the portfolio.

AFG's residual based financing offers lower monthly payments, typically 30-45% lower than conventional loans, at shorter terms with a walk-away option that protects your borrowers from negative equity at end of term.

Honda’s next U.S. plant plans take shape; 120-month auto loans on the rise Urvaksh Karkaria discusses Honda’s new hybrid plant and its next flagship crossovers. Plus, Bobby Steenbergh of AutoPayPlus breaks down why 100- and even 120-month auto loans are on the rise.

💰 🚘 The total cost of owning a car has climbed to $5,851 per year, driven by insurance up 50% since 2019, gas up 55%, and repairs up 23.5%. For your borrowers, every other ownership cost rising means less room in the budget for the monthly payment itself. That affordability squeeze shows up in your portfolio as stretched loan terms and delinquency risk.

AFG's residual based financing can help with programs that lower monthly payments by 30 to 45% compared with conventional auto loans, with terms at or under 72 months and a walk-away option that protects borrowers from negative equity.

Fixed ops leaders prioritize customer retention in roundtable discussion + Car ownership hits $5,851/year Plus, Filosa on why Stellantis sees a divided auto world

We're at the Sync1 Systems Lendtopia Conference this week! Stop by our booth if you're there and talk to us!

Auto credit availability just hit a 9-year high, per the Dealertrack index. That means more deals are getting bought across credit tiers, and your credit union may soon feel pressure to compete on structure, not just approval rates. AFG's residual based financing gives your lending team a way to stand out with monthly payments typically 30 to 45% lower than conventional auto loans, all within terms at or under 72 months.

Cox Automotive: Auto credit availability at highest level in almost 9 years If you noticed more of your dealership teammates returning to potential car buyers with body language that indicated, “Yes! I got that deal bought,” the Aug

🍂 🍂 Gene's kicking off fall in beautiful Maine, training dealerships with partner Maine State Credit Union .

How dedicated is the AFG team, you ask? Well, AFG's Jon Retzlaff went to visit longtime partner 1st Community Federal Credit Union in Texas in August.

🥵 How hot does it get? With temps in the triple digits, they had to stand on a rock to take this picture because otherwise their shoes would have melted on the blacktop!