Mr. David Selke
Vice President, Client Services Manager, AFFILIATED COMPUTER SERVICES, INC.
Member of the Financial Services Council
Council Member Biography
David Selke is a Vice President and Client Services Manager at Affiliated Computer Services (ACS). He manages all client relationships for the Consumer Financial Solutions Group which focuses on ASP services for some of the leading automotive financial services companies. Previously, Mr. Selke was a Vice President of Consumer Lending at Wescom Credit Union, a $3B West Coast CU. Prior to that, Mr. Selke was the Chief Operating Officer and the Chief Credit Officer at Autoeloan.com from 1999 to 2004, where he developed and managed all operational processes including underwriting subprime auto loans, credit risk analysis, collections, recovery and customer service. His additional experiences include Vice President of Loan Servicing at Auto One Acceptance Corp. from 1998-1999, Vice President and Director of Dealer Services at Oxford Resources from 1996-1998, Vice President of Consumer Credit Operations at World Omni Financial Corp 1985-1996 and 15 years at Ford Credit in branch operations. (This is me - Update Profile)
Employment History
- 2005 - Unspecified
- Vice President, Client Services Manager, AFFILIATED COMPUTER SERVICES, INC.
- 2004 - 2005
- Vice President of Consumer Lending, WESCOM CENTRAL CREDIT UNION
- 1999 - 2004
- Chief Operating Officer, Chief Credit Officer, Autoeloan.com
- 1996 - 1999
- First Vice President, Auto One Acceptance Corp.
- 1996 - 1998
- VP Director of Dealer Services, Oxford Resources Corp.
- 1985 - 1996
- VP Consumer Credit, World Omni Financial Corp.
- 1970 - 1985
- Various Positions, Ford Motor Credit Corp.
GLG NewsSM Analyses by David Selke(?)
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
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April 10, 2006
For many car hunters today, leasing's the way to go | biz.yahoo.com
While leasing is becoming more attractive because of rising interest rates, one must be cautious about entering into a lease contract. The domestic captives, specifically GMAC and Ford Motor Credit, are moving more to leasing to help offset their current competitive disadvantage because of higher borrowing costs created by downgrades in their credit ratings.
However, the consumer must make sure they understand the commitment they are making to a lease. Most lease contracts have mileage and excessive wear and tear restrictions. Generally, the mileage restrictions range between 12 to 15 thousand miles annually. If you are going to drive more than that, you need to review the penalties as they could be exorbitant and cost the consumer significant dollars at lease termination. Also, excess wear and tear clauses are sometimes vague and need to be reviewed carefully with the dealer prior to considering a lease. If the consumer is not comfortable with the clause, then leasing may not be a good option.
Also remember to review the early termination clause in the lease agreement to determine the type of penalties that may be incurred should the lease be terminated before the scheduled termination date. This also could create a hardship for the consumer.
Leading institutions connect with David Selke through GLG
GLG Study Groups with David Selke(?)
| Study Group Name | No. Members |
|---|---|
| Business Process Outsourcing Experts | 1415 |
| Sub-Prime Lending Experts | 590 |
| Core Bank Processing Experts | 463 |
| Credit Bureau Experts | 420 |
| Structured Finance Experts | 382 |
GLG Live Meetings with David Selke(?)
David Selke has not participated in any GLG Live Meetings.