Auto Financial Group Launches “Good News” Campaign

HOUSTON--Auto Financial Group (AFG), an online provider of residual-based financing products for credit unions, announced today the launch of its “Good News” campaign that offers the lease-like benefits of a balloon loan to dealerships, credit unions and their members.

Driving Sense offers welcome relief from the woes of the auto industry, where a combination of factors – the credit crunch, recent record high fuel prices, unsold dealer inventories, the drop in trade-in values, and the ongoing bailout negotiations involving the Big Three automakers – has resulted in a precipitous drop in auto financing options for consumers.

Consumers who are members of a credit union have historically been able to look to them for help in difficult economic times. Today, credit unions offering Auto Financial Group’s Driving Sense are able to offer their members affordable financing for a new car and a lower payment.

Auto Financial Group’s Driving Sense 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.

Driving Sense removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance, as well as handling the vehicle’s disposition at the end of the term. Auto Financial Group is paid one low administration fee for each Driving Sense loan, while the credit union earns all the interest. Credit unions are protected while building an important relationship with their members.

Dealerships who have seen their leasing options dry-up recently also benefit from this alternative financing source, with credit unions across the country available to offer Driving Sense.

“We have never seen a better time for our Driving Sense product since the inception of our business in 1999,” says Auto Financial Group President Richard Epley. “It is a product that provides dealerships with a valuable financing option to keep customers coming in, credit union members with lower payments and credit unions with a higher yielding loan, a combination of features that are simply unmatched in the current marketplace.”

About Auto Financial Group, Inc.

Auto Financial Group, Inc. is a Houston-based company that provides Driving Sense™, an online residual based auto financing product for credit unions and other financial institutions. Auto Financial Group removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance, as well as handling the vehicle’s disposition. For more information about getting Driving Sense or connecting with a credit union offering Driving Sense, call 713-812-3333 or toll free at 877-354-4AFG, or visit www.autofinancialgroup.com.