FRANKENMUTH, Mich. – Frankenmuth CU yesterday announced it has contracted with Auto Financial Group to implement the company’s DrivingSense as both a direct and an indirect lending option for the $200 million credit union.
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DrivingSense is an auto financing product that 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.
Auto Financial is based in Houston.
