FORT WAYNE, Ind. – Fort Financial CU has signed with Auto Financial Group to provide it with AFG’s DrivingSense as both a direct and an indirect lending option.
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AFG said DrivingSense offers the lease-like benefits of a balloon loan to credit unions and their members. It allows credit unions to "build" a vehicle for their members, compare payment terms with conventional loans, and offer their members lower payments (often as much as 40% lower), flexible two- to six- year terms, actual ownership of the vehicle and several end-of-term options.
DrivingSense guarantees the predetermined residual value of the vehicle through third party insurance, and handles the sale of the vehicle at the end of the term.
Auto Financial Group is based in Houston.
