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Categories: Banks and Credit Unions
Lease Credit Approval Rates Rise to 69.1% in July

Swapalease.com, a car lease marketplace, reports car lease credit applicants registered a 69.1% approval rate in July, a rise from the June rate of 65%.

https://www.vehicleremarket.com/338554/lease-credit-approval-rates-rise-to-69-1-in-july
Categories: Banks and Credit Unions, Leasing
Fed Announces First Rate Cut in 11 Years

Federal Reserve Chairman Jerome Powell officially announced a widely expected cut to the federal funds rate yesterday, dropping the central bank's target by...

https://www.automotive-fleet.com/337452/fed-announces-first-rate-cut-in-11-years
Categories: Banks and Credit Unions, Leasing
Fed Announces First Rate Cut in 11 Years

Federal Reserve Chairman Jerome Powell officially announced a widely expected cut to the federal funds rate yesterday, dropping the central bank's target by...

https://www.vehicleremarket.com/337452/fed-announces-first-rate-cut-in-11-years
Categories: Banks and Credit Unions
Credit Approvals Dip to 65% in Secondary Lease Market

Swapalease credit approvals registered 65% entering July, a drop from the 72.4% approval rate registered in May, the company announced.

https://www.vehicleremarket.com/336412/credit-approvals-dip-to-65-in-secondary-lease-market
Categories: Banks and Credit Unions, Global Fleet, Safety, Technology

Black Book will begin offering vehicle verification information to automotive lenders to help reduce misrepresentation about a vehicle's trim and equipped...

https://www.automotive-fleet.com/334384/black-book-offers-vehicle-verification-to-lenders
Categories: Banks and Credit Unions, Global Fleet, Safety, Technology

Black Book will begin offering vehicle verification information to automotive lenders to help reduce misrepresentation about a vehicle's trim and equipped...

https://www.vehicleremarket.com/334384/black-book-offers-vehicle-verification-to-lenders
Categories: Banks and Credit Unions
Subprime Up 13% as Total Auto Originations Decline

Originations for car buyers and lessees with sub-620 credit scores grew 13% to $27.9 billion, accounting for 21.8% of total outstanding auto balances in the...

https://www.vehicleremarket.com/332680/subprime-up-13-as-total-auto-originations-decline
Categories: Banks and Credit Unions

New data from Swapalease.com’s survey-based Q1 lease trends report shows the decades-long domination of the lease market by sports cars and luxury sedans...

https://www.vehicleremarket.com/330991/luxury-sports-sedans-lose-favor-in-secondary-lease-market
Categories: Banks and Credit Unions

The annual percentage rate on new financed vehicles is expected to average 6.36% in March, compared to 5.66% last year and 4.44% five years ago, according...

https://www.vehicleremarket.com/329177/auto-loan-interest-rates-hit-10-year-high
Categories: Banks and Credit Unions

John Fuller, founder of NextGear Capital, died Wednesday at age 75, the company announced. Fuller is known throughout the auto retail industry as an...

https://www.vehicleremarket.com/328547/nextgear-mourns-loss-of-founder-john-fuller


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