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JANUARY/FEBRUARY 2004

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AFSA NEWS

WASHINGTON...... Continuing their efforts to increase consumer understanding of vehicle financing, three trade associations representing many of the nation's auto finance companies and financial institutions and most of the nation's auto dealerships today announced their support for a voluntary disclosure that tells consumers they may be able to negotiate the Annual Percentage Rate (APR) when they buy a car from a dealership.
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WASHINGTON...... A trade association for many of the nation's auto creditors today announced that its members will add a new statement to their vehicle financing contracts that tells consumers they may negotiate the Annual Percentage Rate (APR) when they buy a car or light truck from a dealership.
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AFSA is pleased to welcome its two newest Board members, Chris Ballinger of Toyota Financial Services and Timothy Stanley of Heights Finance Corporation.
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AFSA's newest Active and Commercial members include Dell Financial Services and Personal Finance Company. AFSA is also proud to welcome five new associate members: eOriginal, Inc; FDI Collateral Management; E-Tax Partners; phase2e; Road America Motor Club.
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