Channel | Auto Industry News

AutoPayPlus Debuts New Features to Help Dealers Service F&I Customers

ORLANDO, Fla. – AutoPayPlus launched new program features today that are designed to help auto dealers provide greater service options to their F&I customers. The company’s online calculator now includes a leasing service and several new debit options.

– New debit options – AutoPayPlus’ biweekly auto loan calculator now provides more debit choices to match the customer’s pay cycle, including weekly, bimonthly and monthly.

– Leasing service – AutoPayPlus’ auto loan calculator now offers both finance and lease selections. The new leasing service comes with a discounted program fee of $199 plus all the benefits of the company’s Plan & Protect service bundle valued at $20.95 per month.

– Time-to-Trade – Calculations now include the ability to select early trade-in terms to showcase the improved equity position for customers who have a specific trade-in time line. ­

“With new vehicle prices rising to record levels, more and more car buyers are considering alternative and affordable financing options, including leasing,” according to AutoPayPlus CEO Robert Steenbergh. Indeed F&I and Showroom reports that leasing accounted for a record 31.1% of all new-vehicle transactions in the first quarter of 2016. “We’re giving dealers greater flexibility to meet the needs of these customers by expanding our automated loan acceleration service options.”

Like before, all AutoPayPlus customers also get access to a free Plan & Protect financial planning toolkit to help them automate other bill payments, organize their finances, monitor their credit, and create a budget and savings plan for the future. The resources available include monthly VantageScore® 3.0 credit score with trending from TransUnion®, and credit monitoring and instant alerts from TransUnion® to help prevent identity theft.

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