Remove Banking Remove Lessee Remove Term
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Modernizing Document and Income Verification in Auto Leasing with AI

AutoSuccessOnline

However, a recurring and critical requirement for prospective lessees is possessing good credit. Unlike buying, leasing involves the lessee using an asset that the dealer or the lender still owns. The steps necessary in proper verification can add friction for the lessee. What Documents Are Required When Leasing?

Lessee 86
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OEM Trends in Customer Financing

Automotive Mastermind

These brand-specific finance organizations are different from direct lenders — banks and credit unions — and from other third-party lenders, like Capital One, because they originate directly from the OEM selling the vehicle. Due to this, the immediate and long-term opportunities lost by a loyal customer defecting are significant.

Finance 52
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Changing Auto Buyer Behavior: Tips to Help Dealers Adapt

Automotive Mastermind

According to S&P Global , half of households who originally purchased their garaged vehicle acquired the same brand when they returned to market, versus 63% of lessees. Due to this, the immediate and long-term opportunities lost by a loyal customer defecting are significant. APR in August versus 5.4% for captives and 6.2%

Buyer 52