Two Auto Finance Veterans Join SpringboardAuto.com’s Board of Directors
Former executives of Capital One and Ford Motor Credit Co. have joined the board of SpringboardAuto.com, a new direct-to-consumer auto loan platform launched by the former founder of CarFinance Capital.
IRVINE, Calif. — Steve Linehan, former executive and treasurer of Capital One Financial Corp., and John Noone, former president of Ford Motor Credit Co., have joined the board of directors for SpringboardAuto.com, a new direct-to-consumer auto loan platform.
Launched this year, SpringboardAuto.com was founded by former CarFinance Capital executives Jim Landy and Stuart Holmes. The site allows car buyers to refinance existing loans or finance the purchase of a new or used vehicle directly online or via a smartphone.
“The insight and expertise Steve and John bring from their decades as leaders in highly respected finance companies will be invaluable as we focus on improving the auto finance process for the consumer of today and tomorrow,” said Landy, who founded CarFinance Capital and now serves as CEO of SpringboardAuto.com.
Linehan recently retired from his roles at Capital One, a $300 billion diversified financial services company he joined in 1997. Noone completed his 40-year career with Ford Motor Credit with a seven-year stint as president of the captive finance company.
According to SpringboardAuto.com officials, the firm has assembled an A-team of industry veterans who collectively bring more than 110 years of experience in automotive and below-prime auto finance.
Originally posted on F&I and Showroom
More Dealer Ops
Dealer Debrief: Defection Data & EV Updates
In this week's debrief, host Lauren Lawrence discusses how to use defection data to your advantage and the latest on EV sales and charging infrastructure.
Read More →
How Defection Data is Bridging the Dealership Conversion Gap
Lead volume is flat, cross-shopping is up and brand loyalty is in retreat. As confident sales teams keep losing buyers they thought they had, daily industry sales data is showing dealers exactly where their funnel is breaking and how to fix it without buying a single new lead.
Read More →
Dealer Debrief: Where are you losing customers?
In this week's debrief, host Lauren Lawrence discusses the hidden leaks in dealerships where you might be losing customers without even realizing it.
Read More →
Dealer Debrief: Improving Your Inventory Management
In this week's debrief, host Lauren Lawrence covers a new survey that shows what service technicians really want and two launches that could help improve your inventory and vehicle life cycle management.
Read More →
Ladies and Gentlemen, This Is a Dealership: Why the Fundamentals Still Decide Who Wins
A teaching moment by a legendary football coach happens to apply perfectly in the auto retail space. Learn what it is and how to use it to your store’s advantage.
Read More →
What Market Timing Mistakes Mean for Your Reinsurance Program
When volatility hits, dealer-owned reinsurance programs face a familiar temptation: pull back and wait for calmer waters. New data from BOK Financial shows why that instinct can quietly cost you years of surplus growth.
Read More →
Dealer Ads and the FTC
The agency has made it clear in recent enforcement actions and warnings, in auto retail and other industries, that advertised prices must include all nonoptional costs to the consumer.
Read More →
Used Autos Supply Dwindles
The March shopping surge, despite high prices, cut into inventory by the most since the thick of the pandemic, Cox Automotive analysts calculated.
Read More →
Managing Risk Effectively Through Changing Times
The variables influencing risk pricing have changed significantly over the past five years. Being proactive and responsive to emerging trends is not optional but essential.
Read More →
Survey Reveals What Won't Fix What's Breaking Car Sales
AutoPayPlus says extra-long auto loans are trapping consumers and threatening the dealer trade-in cycle, and that the industry is leveraging the wrong tools to combat high MSRPs.
Read More →