Axis Auto Finance Inc T.AXIS

Financial Services Credit Services

Axis Auto Finance Inc. is a Canada-based financial technology company. The Company is a financial technology lender, providing alternative used vehicle financing to consumers located in Canada. Through its direct-to-consumer portal, DriveAxis.ca, customers can choose their next used vehicle, arrange financing, and get the car delivered to their home. In addition, the Company focuses on business to business (B2B) non-prime auto loan originations by delivering advanced technology solutions and superior service to its dealer partner network. The Company's subsidiaries include Axis Auto Finance Services Corp., Axis Equipment Finance Inc., Cars on Credit Financial Inc., Trend Financial Corp., and Axis Auto Finance Lending Corp. Its Axis Equipment Finance Inc. provides commercial equipment leasing and financing solutions.

TSX:AXIS - Post by User

Axis Auto Finance Inc > Let’s see where this goes

<< Previous

Bullboard Posts

Next >>

Comment by Dunworkin2on Jun 12, 2021 5:07pm

102 Views

Post# 33378200

RE:RE:RE:RE:RE:RE:Let’s see where this goes

Not sure Hen. Here are a couple guesses:

1) What if a customer pays back the loan prior to maturity. Depending on how they record Originations. maybe they record the full value of the car/origination and don't adjust the Origination value in cases where the loan is paid back sooner than maturity. That could possibly skew your comparison. Origination value remains high but revenue would be reduced.

2) Another possibility along the same vein, what if the customer is able to refinance the loan at a lower rate. Similar to above, revenue would decrease, not sure if they adjust the value of the Origination though.

<< Previous

Bullboard Posts

Next >>

Quantum eMotion leaps by 20 per cent after Becton Dickinson deal