CUES Member Community

Balloon Auto Lending/Lease "look alike" Programs?

  • 1.  Balloon Auto Lending/Lease "look alike" Programs?

    Posted Sep 23, 2020 02:10 PM

    Good Afternoon Everyone,

     

    We looked at a program from AFG a number of years ago that could help us to lower member monthly payments for auto loans - https://www.autofinancialgroup.com/products/balloon-lending-program/

     

    At that time, we didn't pursue it but we're taking another look at this option along with programs available from Fusion Auto Finance - https://www.fusionautofinance.com/ and Credit Union Leasing of America - https://www.cula.com/

     

    We currently partner with MeridianLink for our online auto loan application, so ideally, we would like this  system to integrate with our LOS.

     

    If you have any experience with any of these partners, I would appreciate receiving any additional feedback about whether you've been successful with generating more auto loans.

     

    If so, which company are you working with and what is the expected staff administration time commitment to launch/maintain the program?

     

    Debbie Wright
    Product and Service Strategist
    FedChoice Federal Credit Union
    Tel: 301.699.6100 x4480
    Fax: 301-699-6137/6141
    Email: DWright@fedchoice.org
    fedchoice.org
    FedChoice ‑ Altogether Better!
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