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Auto Financial Group

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Houston, TX
Auto Financial Group

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Auto Financial Group (AFG), a Houston-based company, provides an online, residual based, walk-away v

Established in 1999, Auto Financial Group is one of the nation's leading sources of residual-based financing and remarketing products for financial institutions.

11/02/2026

🚙 The average used SUV price just topped $25,000 for the first time, according to the CARFAX Used Car Index. Prices climbed 0.7% in October to $25,125 and are up 4.4% year over year.

For lenders and dealers, that means higher amounts financed, longer terms, and more negative equity risk at trade-in time.

AFG's residual based financing programs offer another path: lower monthly payments on used vehicles (up to 5 years old) without stretching the term, plus a guaranteed future value that helps borrowers avoid the negative equity cycle.

The SUV category was not the only one to hit a new high point. (3 min. read)

10/30/2026

The average new vehicle price is near a record $50,562, yet the Cox Automotive and Moody's Vehicle Affordability Index improved 2.5 percent year over year, driven mainly by wage growth.

The catch, as Cox's Jonathan Gregory notes, is that the index excludes gas, insurance, registration, and trade-in equity, so the true cost of ownership is still climbing for many borrowers.

AFG's programs can help your financial institution provide a more affordable monthly payment to borrowers whose budgets are already under pressure.

The average price of $50,562 was just under the record high price of $50,614 set in December 2025. (3 min. read)

10/29/2026

🎃 The auto finance market is looking a little spooky these days.

Record vehicle prices. Average amounts financed topping $43,000. Nearly 1 in 5 buyers with payments over $1,000 a month. And negative equity haunting roughly 30% of trade-ins, with underwater balances up more than 40% since 2021.

For lenders, that's a scary combination: longer terms, bigger balances, and more portfolio risk. For borrowers, it's a negative equity cycle that keeps rolling thousands of dollars from one loan into the next. 👻

But this is one horror story with a way out. AFG's residual based financing uses the vehicle's guaranteed future value to lower monthly payments without stretching terms to 84 months. At maturity, borrowers can walk away, which helps reduce or even eliminate negative equity and gives them a clean slate.

Lower payments for borrowers. Stronger, healthier portfolios for lenders. No tricks, just a smarter way to finance. 🍬

Learn more about AFG's programs: https://autofinancialgroup.com/products/residual-based-financing/

10/28/2026

$952 a month. 78 months. That’s the average new-car loan for members rolling in negative equity.

New Edmunds data shows 29% of trade-ins carried negative equity in Q3, and the average amount rolled into the next loan is $7,107, close to the record. Add an 8.1% average rate on those loans, and the average amount financed reaches $57,235.

For credit unions, that means more members facing payment shock at the point of purchase, and more of them stretching terms to make the numbers work.

AFG's residual based financing programs give financial institutions another way to structure the deal. By setting a residual value on the vehicle up front, the programs can bring the monthly payment down without extending the term to 78 months or beyond.

One in three loans are rolling in thousands of negative equity. (3 min. read)

10/26/2026

🎂 Happy birthday AFG! 🎊🎈This week we celebrate 27 years in business.

10/22/2026

The average marketed price for a new vehicle hit an all-time high of $52,770 in Q3, according to Catalyst IQ's State of the Industry report. At that price point, conventional financing is pricing out a lot of creditworthy borrowers.

AFG's residual-based financing closes the gap with payments typically 30–45% below conventional auto loans and a guaranteed future value locked in at origination.

Catalyst IQ shows an all-time high in marketed price for new vehicles at $52,770. (4 min. read)

10/21/2026

Gene's back on the road, this time training Bob Johnson Auto Group at their Toyota store.

10/20/2026

⛳ AFG was proud to sponsor our partner Arkansas Federal Credit Union's golf tournament. What a beautiful day to be out on the golf course 🏌️‍♂️

10/14/2026

The AFG team is ready for attendees at Open Lending's Executive Lending Roundtable. Stop by our booth to learn how you can make vehicle financing more affordable for your borrowers!

10/14/2026

🤝 A true partnership in action: AFG's Gene LeClaire with the team at Garber Chevrolet, alongside our longtime partner Frankenmuth Credit Union, an AFG partner since 2009. Dealers like Garber keep offering the AFG program because it works: payment-focused financing that closes more deals and keeps members banking with their credit union.

Address

2000 Bering Drive, Suite 625
Houston, TX
77057

Opening Hours

Monday	8am - 5pm
Tuesday	8am - 5pm
Wednesday	8am - 5pm
Thursday	8am - 5pm
Friday	8am - 5pm

Telephone

+18773544234

Website

https://www.autofinancialgroup.com/contact/

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