Coming Unhooked: The Growing Disconnect Between Lenders and Repo Agents

coming unhooked by auto finance news

Author: Marcie Belles Source: Auto Finance News   With auto loan delinquency rates rising, it would seem to be a good time to be a repossessor. But that’s not the case. Tow truck and vehicle insurance prices are climbing; license, bond, and other compliance-related costs are increasing; technology spending — to boost internal efficiencies and…

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Auto Repossession: Personal Property & Redemption Infographic

personal property infographic

We surveyed over 100 auto lenders in regards to their personal property and redemption techniques. Take a look at the data we’ve gathered. 40% of lenders follow a fee model of which it’s set by the agent and collected by the agent 20% of lenders don’t allow personal property and redemption fees 15% of lenders…

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