Indirect lending solutions are becoming increasingly popular in the financial marketplace. By implementing indirect auto lending software, banks and credit unions can expand their loan portfolios in a practical and effective way.
In today’s lending world, indirect automobile lending is a crucial part of a Credit Union’s lending strategy, especially with the continued decaying of member loyalty and increased competition at the dealership level and an abundance of lenders in the marketplace.
Point of sale auto financing arrangements are increasing in popularity among consumers thanks to the added convenience made possible by these lending options. As younger consumers continue to exhibit reluctance to take on large amounts of credit-card debt, the demand for purchase financing options continues to increase. This is especially true in the field of auto lending.[…]