RE: RE: RBC completes acq of Ally's car financing Great Post OB1! Looking back at other acquisitions is also very intriguing. VFC by TD and Travellers Lease by ScotiaBank, the latter one here is very interesting. Travellers was involved in leases vs conditional sales contracts, did quite well and dealerships really enjoyed using them. However, when Scotia stepped in their process immediately dropped leases as their primary method for lending money to higher risk clients. Scotia just wanted the portfolio as a headstart in the subprime lending business and it worked quite well for them. RFC has a very interesting approach to approving loans, not as systematic as other lenders yet their losses are appropriate levels. Majors may like the low losses but I doubt the informal approval process, so just over time we will have to see how pretty all those loans will be in that high risk portfolio. -Phares