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Captive Finance

Toyota Motor Credit Corp. will replace Mazda Capital Services as the captive consumer loan and lease financing company for U.S. Mazda dealers, according to a report filed with the Securities and Exchange Commission Wednesday.

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More Loans, Fewer Leases for GM Financial in Q3

General Motors Financial Company Inc. reported operating lease originations for the nine months ended Sept. 30, 2018 at $17.3 billion, compared to $19.6 billion for the nine months ended Sept. 30, 2017.

Ford Motor Credit Exec Joins AFSA Board

Dale Jones, EVP of Ford Motor Credit has been elected chair elect of the American Financial Services Association (AFSA), according to a company announcement.

Lease Payment Prices Rise in September

The vehicles with the largest increased monthly payment were the Nissan Sentra, Toyota Corolla, and Nissan Altima, which were 22.91%, 16.36%, and 15.13%, respectively.