National Automotive Finance Association’s Post

🚀 Announcement from First US Warranty! Introducing CFC MAX 🚀 We are thrilled to unveil our latest reinsurance solution: CFC MAX! CFC MAX is set to revolutionize profit participation for auto dealerships. CFC MAX offers all the benefits of a DOWC (Dealer Owned Warranty Company) with a renewed focus on maximizing profitability and simplifying regulatory compliance. With CFC MAX, dealerships can expect: ✅ Rapid Market Entry: Say goodbye to lengthy setup processes! CFC MAX allows for swift establishment, enabling dealerships to capitalize on reinsurance benefits in record time. ✅ Enhanced Profit Potential: Experience higher profitability with CFC MAX, coupled with tax efficiencies during the Net Operating Loss (NOL) period. It's a win-win for dealerships aiming to boost their bottom line. ✅ Streamlined Regulatory Compliance: Bid farewell to complex regulatory hurdles! CFC MAX simplifies the compliance landscape, eliminating the need for multiple state incorporations and service contract provider licenses. At First US Warranty, we're committed to empowering dealerships with innovative solutions that drive success. With CFC MAX, we're taking profit participation to new heights, offering a game-changing solution for dealerships seeking maximum profitability with minimal hassle. Get ready to elevate your reinsurance strategy with CFC MAX – the future of profit participation is here! Reach out to learn more about how CFC MAX can transform your dealership's financial landscape. #CFCMAX #Reinsurance #AutoDealerships #ProfitParticipation #Innovation #FirstUSWarranty #DOWC

😖 Convincing your boss to invest in your professional development can feel like a daunting task, but it doesn't have to be that way! 🤩 With the right approach, you can make a compelling case that benefits both you and your company. Here’s a guide to help you navigate this conversation and secure your supervisor's support to attend our upcoming Annual Non-Prime Auto Financing Conference: ➡ READ MORE: https://lnkd.in/egWWnw5p #NAF2024

Understanding the Difference: PCP vs. HP in the Car Finance Market When it comes to financing a car, two popular options stand out: Personal Contract Purchase (PCP) and Hire Purchase (HP). Both have their distinct features, catering to different preferences and financial situations. Let's break down the key differences to help you make an informed decision: Personal Contract Purchase (PCP): PCP offers flexibility with lower monthly payments and the option to either return the car or purchase it at the end of the agreement. Customers pay a deposit, followed by fixed monthly payments over a set term, typically 2-4 years. At the end of the term, there's a choice: Return the car with nothing further to pay (subject to mileage and condition terms). Purchase the car by paying the optional final balloon payment, also known as the Guaranteed Future Value (GFV). PCP is suitable for those who prefer lower monthly payments and enjoy the flexibility of changing cars frequently. Hire Purchase (HP): HP provides straightforward ownership, allowing customers to spread the cost of the car over fixed monthly payments. Customers pay a deposit upfront, followed by fixed monthly payments over a set term, usually 1-5 years. Once all payments are made, the customer owns the car outright. There's no large final balloon payment at the end, making budgeting more straightforward. HP is ideal for those who prefer outright ownership without the uncertainty of a balloon payment. Drive Finance: When navigating through these financing options, it's essential to have expert guidance to find the best fit for your needs. That's where Drive Finance, a trusted car finance broker, comes into play. Drive Finance offers personalised advice, tailored solutions, and access to a wide range of lenders, ensuring you secure the most suitable finance deal for your circumstances. Whether you're considering PCP or HP, Drive Finance simplifies the process, empowering you to make confident decisions. In conclusion, whether you opt for PCP or HP depends on your preferences, budget, and long-term goals. With the expertise of Drive Finance, you can navigate the UK car finance market with ease, ensuring a smooth journey towards owning your dream car. https://lnkd.in/gwPRJ6Ps 01943 243147 #carfinancing #buyyourcar #welovecars #drivefinance

🚗✨"All You Need to Know to Get Your Brand New Vehicle!"🌐🔐 Is it time to get a new ride? Most Canadians finance their vehicles, you're not alone! Join us on a simple journey through auto financing at Inspire Financial powered by Titanium Ford 🛣️💼 🌐 Read the Whole Blog Here! [https://bit.ly/46nERVx] 🌐 🌟 Key Takeaways: 🖊Learn all about auto financing basics and terms. Look into your finances to find affordable car payments. Focus on the priorities for vehicle purchasing. Come down to Inspire Financial powered by Titanium Ford and get fast responses and credit score resources. 🌎Understanding BC Auto Financing: Credit Scores are important so it's crucial that you understand them. With a higher score, you can get lower rates! Here at Inspire Financial we can take this complex process and simplify it for you. We want you to feel supported through every step! 📈Evaluating Your Financial Situation: It's important to start by looking into your own finances. Know how much you have to spend, manage debt, and build emergency funds. At Inspire Financial we are here to aid you in making wise financial decisions. 🚙 Choosing the Right Vehicle: Now that your finances are settled it's time to find your dream car. Find a vehicle that is safe and has the features you need! Consider hybrid or electric to save on costs in the long-term. Your dream car is not just transportation it is your companion on the road. 💸Applying for Auto Financing at Inspire: The time is now to apply for Auto financing at Inspire Financial powered by Titanium Ford! We will hold your hand and get you the car you need on the terms you want! 👩🔧 Conclusion: Auto financing may seem too complex but with BC Auto Financing at Inspire Financial, we can make it seem simple! Assess your finances, choose the right vehicle, and maintain it well. 🛣️ It is not just about the car it is how you get there and with Inspire Financial it will be a smooth ride! 🚗✨ 📣 #badcreditscore #surreybc #financingavailable #badcreditcarloans #financing #badcreditnoproblem #badcredit #carfinancing #britishcolumbiacanada #britishcolumbia #credittips #credit #badcreditloans #badcreditcarleasing 🚚🛣️

The best way to finance a new car

A lovely end to the week with the funding of this fantastic MERCEDES-BENZ GLE 350 Amg Line Premium. This is the second car deal for this customer and proof of how working with a broker works. He sent me several cars to look at and quote on across quite a different set of cars. I was able to demonstrate how the different residual values added value to the transaction when compared to other vehicles. Additonally we orginally looked to apply on one vehicle and then changed to another. This was through one point of contact across all different cars and dealerships. If you are in the market for anything similar then please drop me a line today. Anglo Scottish Prestige Finance is a trading style of Anglo Scottish Asset Finance Ltd. We are a Credit Broker and not a Lender. We can introduce you to a limited number of lenders and their finance products. We are not an independent financial advisor; we will provide details of products available, but no advice or recommendation will be made. You must decide whether the finance product is right for you.    Our aim is to secure finance for you at the lowest interest rate you are eligible for from our panel of lenders.    We do not charge a fee for our services. Whichever lender we introduce you to, we will typically receive a commission from them (either a fixed fee or a fixed percentage of the amount you borrow) and different lenders pay different rates. For certain lenders, we do have influence over the interest rate, and this can impact the amount you pay under the agreement.    All quotes provided are subject to underwriting criteria.     We reserve the right to withdraw our acceptance at any time in the event that material adverse change has taken place regarding the status of the customer, if previously provided information proves to be inaccurate or false, any information provided fails our post acceptance verification checks, including the customer holding all appropriate licences.    Anglo Scottish Asset Finance Ltd, Unit 12-14 Lumley Court, Drum Industrial Estate, Chester-le-Street, County Durham DH2 1AN.    We are a licensed credit broker authorised and regulated by the Financial Conduct Authority FRN 629574.  CRN: 06099866, registered in England and Wales. VAT number: GB 916 0421 55 

Are you unsure if you're eligible to make a car finance claim? It's important to check! If you purchased a vehicle through finance before 28 Jan 2021, you could be owed compensation. Don't miss out on what you're rightfully entitled to. Our experienced team is here to help you navigate the process and ensure you receive the compensation you deserve. 💼💷 #MisSoldPCP #ClaimRefund #Car Finance#CarFinanceClaim #PCPFinance #ClaimYourCar #CarFinanceCompensation #PCPCompensation #CarFinanceRefund #PCPRefund #CarFinanceJustice