Chapman Auto Group partners with DriveItAway to put ‘turn-downs’ in vehicles
The newest relationship forged by DriveItAway Holdings definitely has the feel of the city famous for cheesesteaks and the Liberty Bell.
To close July, the company that offers “micro-lease to purchase” technology announced it is partnering with the Chapman Auto Group. DriveItAway will supply the group with vehicles and enable prospects and customers of Chapman stores who have been turned down for traditional vehicle purchase financing to use the micro-lease to ownership platform to drive away in a new vehicle.
Chapman Auto Group is a leading dealer group in the Philadelphia region, with eight locations throughout Pennsylvania and New Jersey, featuring Ford, Lincoln, Chevrolet, Nissan, Mazda, and Chrysler, Jeep, Dodge and RAM vehicle franchises
“As a native Philadelphian, the Chapman Auto Group has for generations stood for integrity and quality customer care,” DriveItAway founder and CEO John Possumato said in a news release. “That’s why I’m delighted and honored to announce that Chapman is our first chosen regional vehicle source supplier for our own rapidly growing fleet of vehicles to satisfy overwhelming demand, and even more thrilled to work with them on enabling their own prospects and customers to ‘drive away’ even when turned down for traditional automotive financing.
“All across the country, now more than ever, good people who need cars are being turned down by banks and finance institutions or are being asked for cash down payments that make ownership out of reach,” Possumato continued. “I’m very proud to say at the Chapman Auto Group alone, where the DriveItAway micro-lease to ownership platform is offered, there is now an alternative on-ramp to ownership that can have former ‘turn-downs’ driving a new vehicle immediately, ‘driving’ towards the purchase of the vehicle in the future; a great alternative for the customer, and a substantial competitive advantage as compared to what other dealers can offer.”
DriveItAway can allow customers to drive a vehicle of their choice immediately, without a down payment, long-term financial commitment or approvals based on credit score, always with the option to buy the vehicle at any time.
DriveItAway technology is a software platform and app designed for automotive retailers. It can reduce the risk associated with subprime or deep subprime credit transactions for both dealers and drivers, leading to satisfied customers and an increase in market share, converting “turn-downs” into happy customers.
“We like what DriveItAway is doing to get working people into vehicles that they very much need, regardless of credit score or down payment, and are very pleased to be their chosen regional supplier of fleet vehicles,” said Keane Storey, director of business development of the Chapman Auto Group, “We also see, as credit is tightening, a lot of good people being turned down for auto loans, so we are delighted to launch this new initiative, where we can convert these ‘turn downs’ to loyal drivers and potential buyers, by referring them into the unique DriveItAway micro-lease to ownership program.
We believe this relationship with DriveItAway also has long term benefits for us in our service and pre-owned departments as the DriveItAway fleet will need continued service and maintenance and ultimately will need replacements,” Storey went on to day
Possumato and Storey elaborated about the relationship between Chapman Auto Group and DriveItAway during a recent episode of the EVs for Everyone Podcast, which is available here.