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Nonconventional Auto Financing Offers Opportunity Without Extra Risk

Standing out from the crowd usually requires some risky behavior. However, when it comes to auto financing, nonconventional does not necessarily mean more risk.

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Standing out from the crowd usually requires some risky behavior. However, when it comes to auto financing, nonconventional does not necessarily mean more risk.

In today’s lending environment-the toughest that the auto lending industry has ever seen before-many lenders, including credit unions, understandably have taken a defensive position in order to protect themselves from what is, in many cases, the unknown. Even many well-capitalized credit unions have reined in auto lending over the past 10 months.

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Peter Westerman

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