FLADCO News

Payment Plans Boost Dealerships in Many Ways

Posted by Mark Mackson on Jan 23, 2020 11:51:24 AM

Accelerated payment plans like AutoPayPlus deliver numerous benefits for both dealerships and customers. Simply by switching monthly payments to biweekly payments for a nominal fee, these plans deliver a lot of value for everyone involved:

Accelerated payment plans like AutoPayPlus deliver numerous benefits for both dealerships and customers. Simply by switching monthly payments to biweekly payments for a nominal fee, these plans deliver a lot of value for everyone involved:

  • The slightly elevated convenient payments help customers pay off loans faster, avoiding negative equity and putting them in a position to shop for a new vehicle sooner.
  • Dealerships gain valuable F&I income from products like AutoPayPlus
  • AutoPayPlus often leads to significantly higher per-vehicle revenue (PVR), as F&I managers bundle it with other value-added products.
  • AutoPayPlus is one of the few F&I products that provide benefits well beyond the showroom. Customers get peace of mind knowing their loans are paid, and can even use AutoPayPlus for mortgages, credit cards or other debt.

AutoPayPlus is an outstanding option for customers wary of negative equity, those looking to get out of debt faster and those who want the convenience and support of an advocate like AutoPayPlus with all their loan accounts.

AutoPayPlus is also a great option for dealers looking to improve F&I revenue, sell more cars and provide more effective payment options to customers.

Contact FLADCO to learn more about driving F&I revenue with AutoPayPlus.

 

  Learn How

 

Topics: f&i, increasing profitability, finance, loans, interest, Auto Pay Plus


Mark Mackson


Mark is the Founder and CEO of Fladco.
He has over 30 years of Financial and
Group Purchasing experience.

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