Dealers leverage Solera Auto Finance’s rewards to trim DMS costs
According to a news release a pair of independent dealerships in the Southeast are among the stores already seeing the advantages of using Solera Auto Finance (SAF) after receiving rebate checks as part of the finance company’s rewards program.
Drive a Dream, an independent dealership in Marietta, Ga., earned a rebate check that reduced its DMS cost by 40%.
“Click and get paid. It’s just that simple,” Drive a Dream general manager Bill Dangra said in the SAF news release. “We sent over deals, received good financing terms, and hit our goal numbers with no effort.”
The news release also mentioned Wine Automotive in Chesapeake, Va., saw similar success by utilizing SAF, earning a 19% rebate toward its DMS.
“I’m thrilled with the rebate,” Wine Automotive director of finance Brian Korich said in the news release. “The partnership with Solera Auto Finance helps us close deals quickly, and the rewards program is an added bonus.”
After launching in March, SAF said it has quickly gained momentum and bettered its initial growth estimates, expanding to 37 states with plans to be operational in all 50 states by 2023.
By providing a “captive-like” financing solution to the non-prime segment of used-vehicle buyers, SAF said it can level the playing field for independent and franchised dealers and fund deals quickly.
“SAF’s goal has always been to provide a superior car-buying experience that accelerates the funding process and reduces operating costs for dealerships,” Solera Auto Finance chief executive officer Kenn Wardle said. “Dealers who are using SAF are starting to see the value of our innovative solution.”
Details about SAF’s rewards program, including how to enroll, are available at www.solera.com/solutions/auto-finance/ or via email: firstname.lastname@example.org.