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Financing Expanding for Auto Lending

Auto lending is at “the highest level since the first quarter of 2009” according to a WSJ article I recently read. Apparently, per the article, when people’s budgets get tight, they’ll forego paying their mortgages before they forego making their car payments because it’s relatively easy for the banks or other financial institution to re-possess a car. (It’s obviously significantly more difficult to foreclose on a home, even if you live in a non-judicial foreclosure state like Georgia.)

So if you are in the market for some company cars, now is a good time to go for it. Or, if you wish to offer employees an additional benefit, consider helping them to finance a new or used car. Or, if you have a tiny business and just need a few thousand in funds, assuming your vehicle is paid off, you can re-finance your car and pull funds out.

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About Tiffany C. Wright

Hi! I,Tiffany C. Wright, am the author of the ebook, "Help! I Need Money for My Business Now!!" and the book "Solving the Capital Equation: Financing Solutions for Small Businesses", available on Amazon. I am the president of Toca Family Business Services, a short-term & project-based interim management & strategic and financial advisory firm, located in Atlanta, Georgia. In the past five years I've helped small and medium companies restructure and obtain over $31 Million in financing and a similar amount in purchase orders and contracts. I have an MBA in Finance and Entrepreneurial Management from the Wharton School of Business at the University of Pennsylvania and a B.S. in Industrial and Systems Engineering from The Ohio State University. Personal: I enjoy investing. I am a prodigious reader of everything from business books, magazines, and newspapers to horror and popular fiction. I read 4-6 books per month. I also love to travel. I've been to 33 countries on 5 continents and lived in Japan for 2.5 years and aim for a foreign locale twice a year. I am also an athlete and run track on the Master's Circuit. The highlight was placing 7th in my age group in the 2007 World Master's Track and Field Championships in Italy.

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The Resourceful CEO, Tiffany C. Wright

the president of Toca Family Business Services, a strategic and financial advisory firm which provides short-term & project-based C-level management. She is the author of Solving the Financial Equation: Financing Solutions for Small Businesses, available on Amazon.

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