Online marketplace lender Avant Inc. will now offer direct-to-consumer auto refinance loans, the company announced today. The new auto loan product will initially launch in California, and is expected to be live in Illinois and Georgia by early in the second quarter, with a national rollout expected by the third quarter, according to Avant.
Post Tagged with: "auto finance"
In a sign of the times in consumer lending, Auto Finance News today announced the launch of Auto Finance Innovation 2016, a new industry forum to explore the fintech revolution and how it is reshaping automotive lending and leasing.
It is not often that a company aims to turn auto finance into something else entirely, but that is exactly what Sierra Auto Finance intends to do with its launch of DriverUp today.
The American love affair with the automobile is well documented, and car buyers are helping propel overall retail sales in the wake of the recession. A new SouthPoint post looks at both evidence of our cultural fascination with cars and new data that s…
No one who reads my blog will be surprised to learn that 1 in 4 Americans are underbanked. But I do see quite a few raised digital eyebrows when I point out that these 80 million consumers spend almost $80 billion on fees and interest for the most basic of financial services every year. While […]
LendingClub has quietly inked a deal to offload the risk in the personal loans originated on its platform. And, surprisingly, that deal is with an auto lender. Santander Consumer USA, it was disclosed last week, has made a deal to acquire unsecured consumer loans originated on the peer-to-peer lending platform. The dealRead More