Ridero, AFG Partner to Scale Residual-Based Vehicle Financing
Ridero and AFG have formed a strategic partnership to expand residual-based vehicle financing and leasing across new and used vehicles.
Ridero, a technology platform focused on vehicle leasing infrastructure, and AFG have announced a strategic partnership aimed at broadening residual-based vehicle financing, the companies said Monday in New York.
Under the agreement, the partnership is designed to drive incremental loan originations through AFG's existing lender programs, while simultaneously giving lenders the tools to launch and scale leasing operations across both new and used vehicle segments.
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The deal reflects a broader industry push to extend leasing — long dominated by automakers' captive finance arms — to a wider range of lenders seeking to diversify their auto lending portfolios. Residual-based financing structures allow monthly payments to be calculated against a vehicle's projected future value, typically resulting in lower payments compared with traditional installment loans.
By pairing Ridero's technology infrastructure with AFG's established lender relationships, the companies appear to be positioning themselves to capture demand from financial institutions that have historically lacked the operational framework to offer lease products at scale.
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