Ridero and AFG Announce Strategic Partnership to Expand Residual-Based Vehicle Financing
PR Newswire
NEW YORK, Oct. 5, 2026
Partnership will drive incremental originations through AFG’s existing lender programs while enabling lenders to launch and scale leasing across new and used vehicles
NEW YORK, Oct. 5, 2026 /PRNewswire/ — Ridero, the technology platform building infrastructure for vehicle leasing and residual-based financing, today announced a strategic partnership with AFG to expand residual-based vehicle financing across new and used vehicles.
The partnership combines AFG’s lender programs, residual expertise and residual value guarantees with Ridero’s integrated technology and dealer network across two tracks: expanding distribution of AFG’s existing programs and enabling lenders to launch and scale new residual-based products.
Expanding Distribution for Existing AFG Programs
Ridero will integrate AFG’s existing lender programs into its platform, giving AFG’s lender partners an additional origination channel while expanding financing options available to Ridero dealers.
“The first part of this partnership is simple: help dealers get more deals done and help AFG’s lender partners originate more business,” said Brock Thompson, Co-Founder and CEO of Ridero. “By bringing these programs directly into the dealer workflow, we can expand their reach and create incremental opportunities for everyone involved.”
Opening Leasing to More Lenders Without the Residual Risk
The second track enables banks, credit unions, specialty lenders, OEM captives and dealer captives to launch or expand leasing across new and used vehicles without building the specialized technology and residual infrastructure traditionally required.
“A lender that wants to launch or expand leasing shouldn’t have to spend years building specialized technology and residual infrastructure,” said Thompson. “By combining Ridero’s technology with AFG’s residual expertise and guarantees, we can give lenders a much simpler path to bring leasing programs to market.”
“Residual based financing has proven its value: borrowers save thousands in lower payments, lenders capture incremental volume, and dealers close deals faster. It’s a win – win – win. Yet these programs remain concentrated among a handful of players. Through this partnership with Ridero, AFG continues to pursue its mission to expand access to residual based financing and remove the infrastructure burden that’s historically kept many lenders on the sidelines,” says Richard Epley, Auto Financial Group’s CEO.
Together, Ridero and AFG will expand distribution of existing residual-based programs while lowering the barriers for new lenders to enter the market.
About Ridero
Ridero is a financial technology company building infrastructure for vehicle leasing and residual-based financing. Its AI-powered platform connects dealers and financial institutions, embedding residual-based products directly into existing automotive retail workflows.
About AFG
Auto Financial Group (AFG), a Houston-based company, provides an online, residual based, walk-away vehicle financing product called AFG Balloon Lending, as well as vehicle leasing and vehicle remarketing to financial institutions across North America.
AFG’s residual based financing solutions provide the advantages of lower payments, flexible terms, in the case of the balloon loan, actual ownership of the vehicle and several end-of-term options, including the option to surrender the vehicle and walk away in lieu of paying the final loan payment. The financial institution receives higher loan yields, a competitive residual based financing alternative, and AFG manages the entire end-of-term process.
The AFG Remarketing program is a proven solution for financial institutions that offers the greatest financial return to their clients by matching assets to the selling network with the greatest number of buyers.
For more information about AFG call toll free at 877-354-4234, or visit www.autofinancialgroup.com
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SOURCE Ridero
