1. Did you know up to 60% of the new vehicle market is represented by leased automobiles*?
Yet most credit unions continue to compete within the highly competitive finance auto loans.
Our automotive leasing product, featuring a portfolio over $2.3 billion and more than
50,000 vehicles leased, is the leading credit union lease program in the nation.
The CU Xpress Lease program features incremental loan growth and increased
efficiency while opening the door to becoming a full service automotive lender.
• We manage the disposition of vehicles at lease maturity
• 100% responsible for vehicles’ residual
value and any excess wear & tear
• 755 Average FICO Score
• 85% LTB (look-to-book)
• 39 month average term
*In select markets
Auto Leasing Surges to Record Highs
Chuck Price, AVP of Lending,
NEFCU ($2B assets)
“Our lease portfolio consists of primarily A-quality paper and
the performance has been outstanding. When you combine this
with the product’s payment driven financing approach, resulting
yields exceed traditional auto loan spreads making the
program more profitable than conventional
automobile lending.”
To start growing your loan portfolio today,
contact Robert O’Hara, VP of Strategic Alliances,
631-454-7500 x124 • rohara@groovecar.com