Some captives penalizing dealers for failing to process loans digitally

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GM Financial and Hyundai Capital America are charging dealers fees for paper contracts to get them to switch to e-contracting, Auto Finance News has learned.   GM Financial in August started penalizing General Motors dealers who do not meet a “75% monthly e-contracting threshold” with a $200 fee for each paper contract the captive funds, the […]





Source : AutoFinanceNews