AutoPayPlus

Think pricing is the reason for slow sales at your dealership? Think again. According to a Capital One survey summarized in this WardsAuto article, nearly half of car buyers cite trust, not price, as key to their purchasing decisions. Clear pricing and financing builds trust and transparency with buyers. Learn more here. #trust #financing #autodealer https://lnkd.in/e8dQHThH

This Auto Dealer Today article by automotive compliance legal expert Jim Ganther shares important insights on how the CARS Rule impacts dealers and F&I product providers. “It is in the best interest of finance sources to fund only F&I product contracts that extend some protection to them. It is in F&I product providers’ best interest to craft contract forms that better support and document dealership compliance.” #finance #dealerships https://lnkd.in/emZpBwke

In August, interest rates for new car loans dropped to 6.9%, down from 7.2 percent a year earlier, according to J.D. Power. Could this lead to an influx of customers who’ve been waiting for rates to decrease? Make sure your dealership is prepared by partnering with AutoPayPlus to offer affordability and have buyers return to your dealership with less negative equity! #interestrates #fiannce #dealerships

Did you know? Leasing is making a comeback and now represents 25% of the auto market. With this shift dealerships may have the opportunity to retain more customers and foster loyalty. Take advantage of the trend with AutoPayPlus and provide your customers with the best value while also increasing your PVR! #customerretention #dealerships #leasing

For the 34th month in a row, auto delinquency rates have increased, driven up by inflation and rising interest rates. As consumers face tighter credit access, AutoPayPlus is the partner you need to provide the solutions to help you and your dealership succeed and keep customers on track. #dealerships #negativeequity #creditaccess 

Are you finding that leasing seems to be holding back sales? Don’t let this hurdle cut into your bottom line! F&I products are key to maintaining profits in this challenging environment. Stay ahead of the industry and partner with AutoPayPlus to give your customers the ability to afford the extra add-ons they really want! #autofinance #dealerships #financing

Nearly 25% of consumers who financed a new vehicle with a trade-in in Q2 2024 now have negative equity, with the average amount reaching $6,255—the highest in five years. As trade-in values normalize, the protection consumers once had is fading. More and more consumers find themselves upside down on their loans, in addition to their negative equity, leading many to delay purchasing new vehicles. Providing tailored solutions and flexible options can help mitigate these challenges and keep customers coming back. Stay ahead of the curve and turn these challenges into opportunities with AutoPayPlus! #negativeequity #dealership #tradein

We would like to recognize Johnnie Jackson for being a great embodiment of our core values “Above & Beyond” and “We Care”. Johnnie consistently demonstrates our core values in his 5-star interactions with our members. He goes above and beyond to exceed expectations, often stepping outside his defined role and responsibilities to help resolve issues. Johnnie takes the time to listen, understand concerns, and address problems directly, avoiding the need to transfer calls to other departments. We greatly appreciate Johnnie’s dedication and commitment to our members—he truly makes a difference every day! #corevalues #employeespotlight

The reduced availability of off-lease vehicles is pushing up demand—and prices—for used cars. With a decline in lease maturities, fewer vehicles are coming off lease, tightening the supply of quality used cars, and raising prices. In an environment like this, AutoPayPlus is the solution you need to provide your customers with the most value, while increasing your PVR! #usedcars #vehicleleasing

July marked the 10th consecutive month of year-over-year declines in new-vehicle prices, with an average transaction price (ATP) of $48,401. Higher inventories and increased incentives are creating opportunities for buyers. However, high loan rates and tight credit conditions continue to suppress sales. Our multi-solution program equips you with the essential tools to help your customers navigate today’s challenging environment. #automotive #fiannce #dealerships