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Auto Financial Group Announces Strong Results for Q2 2018

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Auto Financial Group Announces Strong Results for Q2 2018

PR Newswire

HOUSTON, July 25, 2018 /PRNewswire/ -- Auto Financial Group (AFG), one of the nation's leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q2 2018 today, continuing a strong trend in new customer signings of the past year.

In this quarter, AFG has signed eight new credit unions to the AFG Balloon Lending Program: Minnesota Power Employees Credit Union, York County FCU, Mill City Credit Union, American Lake Credit Union, AllWealth FCU, Postal Family Credit Union, Members Own, Caltech Employees FCU. These eight credit unions represent a reach increase of nearly 2.8 million consumers and combined assets of over 2.6 billion across 6 states.

"We feel AFG has provided us with powerful tools our lenders can utilize within this competitive auto financing environment and is something our peers just don't offer. Vehicle pricing continues to increase year over year and having the ability to provide multiple options to help Members achieve their financial goals is the very nature of the business we are in. The consultative selling style with the AFG program and resources fit our already established sales model and we're confident the AFG program will provide our membership with a lower cost alternative to conventional financing they need, while enabling them to maintain their borrowing relationship with York County Federal CU," says Shiloh Hagerman, AVP Underwriting Manager, York County Federal CU. Learn more about AFG's Balloon Lending program at https://www.autofinancialgroup.com/products/balloon-lending-program/

About Auto Financial Group

Auto Financial Group (AFG), a Houston-based company, provides an online, residual based, walk-away vehicle financing product called AFG Balloon Lending, as well as vehicle leasing and vehicle remarketing to financial institutions across the United States.

AFG's residual based financing solutions provide the advantages of lower payments, flexible terms, in the case of the balloon loan, actual ownership of the vehicle and several end-of-term options, including the option to surrender the vehicle and walk away in lieu of paying the final loan payment. The financial institution receives higher loan yields, a competitive residual based financing alternative, and AFG manages the entire end-of-term process.

The AFG Remarketing program is a proven solution for financial institutions that offers the greatest financial return to their clients by matching assets to the selling network with the greatest number of buyers.

For more information about AFG call toll free at 877-354-4234, or visit www.autofinancialgroup.com.

 

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SOURCE Auto Financial Group

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