Program Summary:
- Walk Away Balloon Loan (Direct channels and Indirect Channels*); Lease (Indirect Only)*
- New and used vehicles up to 5 calendar years old
- Flexible terms from 24-72 months
- Flexible annual mileage allowances including 7.5K, 10K, 12K, 15K and 18K
- Discounted fee per funded loan on Walk-away Balloon and Leasing programs
*Please note that this integration is only for the direct balloon loan program.
Lender Benefits:
- Higher yield than conventional auto financing
- Improved member retention
- Expanded market share/portfolio growth
Borrower Benefits:
- Lower monthly payments than conventional financing
- Reduced/eliminated negative equity
- No pre-payment penalties or early termination fees
