Ridero and AFG Announce Strategic Partnership to Expand Residual-Based Vehicle Financing
Ridero, a financial technology platform focused on vehicle leasing and residual-based financing, has announced a strategic partnership with Auto Financial Group (AFG) to expand access to these services for new and used vehicles. The collaboration aims to integrate AFG's existing lender programs into Ridero’s dealer network while enabling lenders—such as banks, credit unions, OEM captives—to launch or scale leasing products without the need to develop specialized technology infrastructure. The partnership is designed in two parts: first, expanding distribution of AFG's current residual-based financing options through Ridero's platform; second, lowering barriers for new market entrants by combining Ridero’s tech with AFG’s expertise and guarantees. This approach allows lenders to offer competitive products more efficiently while providing dealers greater flexibility and customers lower payment structures. AFG provides a range of services including balloon loans and remarketing solutions that benefit both financial institutions and consumers, offering ownership options at the end of financing terms.
Tickers: $AFG
Topics: lender programs residual-based financing technology integration vehicle leasing