Auto Financial Group Announces Continuing Momentum in Q3 2017 Growth Figures

News provided by

Nov 07, 2017, 10:00 ET

HOUSTON, Nov. 7, 2017 /PRNewswire/ -- Auto Financial Group (AFG), one of the nation's leading sources of residual based financing and vehicle remarketing for financial institutions, announced Q3 2017 growth figures today, revealing increasing momentum in new customer signings.

AFG welcomes Credit Union of Texas as a new partner to our remarketing services. Credit Union of Texas is based in Dallas, TX and ranks in the top 100 credit unions in the country in asset size with over 120,000 members. Learn more about AFG's remarketing service at https://www.autofinancialgroup.com/products/remarketing/

Additionally, since July 2017, AFG has signed seven new credit unions to the AFG Balloon Lending Program including: Benchmark FCU, CSE FCU, kstate CREDIT UNION, Safe Harbor Credit Union, Sioux Empire FCU, U.P. Catholic Credit Union and WyHy FCU. These seven credit unions represent a reach increase of over 1.2 million consumers and combined assets of over $1 billion across six states. Learn more about AFG's Balloon Lending program at https://www.autofinancialgroup.com/products/balloon-lending-program/

"We welcome these financial institutions to the growing AFG family," said Richard Epley, CEO of AFG. "The geographic diversity of these newly signed credit unions demonstrates that the demand for residual based financing and remarketing solutions continue to rise across the United States."

Auto Financial Group also continues to receive transactions from its recently launched leasing program, which is steadily building momentum. Learn more about the leasing program at: https://www.autofinancialgroup.com/products/leasing-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

SOURCE Auto Financial Group