AFG Canada announced today that Newfoundland and Labrador Credit Union Ltd (NLCU), a financial institution based in Newfoundland, has signed on to AFG Canada's Leasing Program. The partnership with NLCU further reinforces AFG's mission to expand into new markets in Canada to meet the rising consumer demand for residual based financing, otherwise known as leasing.
AFG's Program will be available to NLCU's member base of over 20,200. The AFG program allows NLCU to provide leasing options to their members looking to lease both new and used vehicles. AFG manages the residual value risk and the vehicle turn-in process, making the leasing experience more convenient for members.
"The AFG Leasing Program will provide additional vehicle options to enhance our lending portfolio – it's an innovative way to expand our offer at Newfoundland and Labrador Credit Union," said Allison Chaytor-Loveys, CEO at NLCU. www.nlcu.com
"We welcome NLCU to the AFG Canada family and look forward to contributing to their success and exceeding their expectations with AFG's superior customer service," said Richard Epley, CEO of AFG Canada. To learn more about AFG Canada's Leasing Program, please visit www.afgcanada.ca.