Sunbit recently announced that it has expanded its footprint within auto dealerships, now offering its technology to power pay-over-time solutions to F&I departments.

The company building financial technology for everyday expenses explained that this expansion will allow F&I departments to offer vehicle buyers access to pay-over-time financing options for add-ons, extended warranties and other products and services.

Sunbit said it is already the preferred financial technology partner for fixed operations of 14 OEMs, offering solution in more than 6,400 dealerships and 1,500 independent service shops,

Sunbit said it also is the partner of choice for 22 of the top 25 largest dealer groups in the nation.

Through customizing its technology for F&I departments, Sunbit said it is expanding its fixed ops success by delivering more value to consumers and participating dealerships.

Sunbit’s F&I program can provide all approved applicants access to a “true” 0% interest payment plan, with either 6, 12, 18 months terms with no late or penalty fees.

Sunbit technology powers a 30-second application process, all with more than 90% approval rates.

The technology can be accessed in-store through a tablet app or remotely through a customer’s own connected device and it also is integrated into an online checkout process.

“We’ve been working side-by-side with dealerships to offer their service drive customers the best possible consumer financing choices since 2016. Since day one GMs have asked us if they could utilize our product in the financing department, so customizing our solution to F&I departments is a natural next step,” Sunbit chief revenue officer Tal Riesenfeld said in a news release.

“People want F&I products because it gives them peace of mind. We help them to buy those products and not break their monthly budgets. Both the dealerships and people win, which is our main motivation,” Riesenfeld went on to say.