Solera Auto Finance Builds Momentum and Advances to 20 States Within Two Months of Launch | News

Run by its robust supplying, SAF continues to signal vendor agreements and fund financial loans

WESTLAKE, Texas, May 26, 2022 /PRNewswire/ — Integrated automobile funding alternative service provider Solera Car Finance (SAF) is building momentum and bettering its have initial advancement estimates in document time. Buoyed by its effectively-acquired start in March of this 12 months, SAF is now nicely-positioned in the employed auto finance sector, signing dealer agreements and funding loans in just two months of its introduction. SAF nowadays declared the upward revision of its short-time period targets in the experience of this accelerated industry adoption.

Solera Automobile Finance (SAF) is making momentum and bettering its have preliminary growth estimates in history time.

“We have a robust providing, a motivated workforce, and a powerful network that is escalating on a every day basis. Solera Vehicle Finance prepared to start to begin with in 7 states and insert about a dozen more in the subsequent 6 months. I’m proud to say we have made quick inroads with sellers and customers in a file time. SAF is currently operational in 20 states within two months of its start. Primarily based on our accelerated progress and effectiveness, we are revising our shorter- and lengthy-time period growth targets and now prepare to be operational in all 50 states in the up coming a single year,” commented Kenn Wardle, CEO, Solera Automobile Finance.

SAF degrees the playing subject for sellers, enabling them to supply the identical seamless encounter with a ‘captive-like’ financing remedy that rivals even the most popular utilized-auto disrupters.

“We are satisfying our assure of enabling independent and franchise vehicle dealers to deliver aggressive-fee car financial loans to the non-key segment of utilized automobile purchasers. By the yr-conclusion, we expect to increase our presenting to the total spectrum of applied-car or truck buyers. Apart from decreasing working charges, SAF’s professional value proposition for used motor vehicle dealers is built to positively impact the automotive sector, develop a seamless journey for car or truck prospective buyers, accelerate the funding and funding processes and offer a remarkable motor vehicle-shopping for practical experience,” additional Wardle.

SAF supplies a new competitive funding solution that fully integrates with Solera’s Dealer Management Units (DMS), including Automobile/Mate for franchise dealers and IDMS for impartial sellers.

Amongst SAF’s first clients is Virginia-primarily based dealership City Vehicle Brokers. Rena Bateman, Standard Supervisor, Town Automobile Brokers reported: “What attracted us to Solera Vehicle Finance was their simple financing remedy with an all-electronic, on the web selection and competitive funding fees. We are enthusiastic to collaborate with a company that is straightforward to access and impressed by the custom-made service delivered to us at every stage in the system. Centered on our interaction, this is the key differentiator of why we believe that Solera Automobile Finance is creating rapid inroads in the used vehicle finance segment.”

Possessing expanded to 20 states, SAF is previously actively recruiting in some others for its superior-pace rollout. In the existing, very aggressive utilized motor vehicle marketplace, SAF will empower dealers to interact new prospects with a fast, simplified lending alternative for buyers and dealers. With its objective-created funding remedy, auto prospective buyers can receive funding selections in seconds. SAF will also fund the dealer considerably faster than the current course of action, which can acquire numerous times for many franchise and impartial dealers. As SAF’s AI-pushed technologies continues to experienced, seller funding time is anticipated to shrink to mere hours.

Dealers who take edge of Solera Automobile Finance will also qualify for a one of a kind rewards application that can lessen or eradicate their Solera DMS remedy costs. 

Specifics about the program, together with how to enroll, are out there at www.soleraautofinance.com or by way of e-mail: [email protected]. 

About Solera 

Solera is the world-wide leader in auto lifecycle administration program-as-a-service, details, and solutions. By means of four traces of enterprise – vehicle promises, auto repairs, vehicle methods and fleet solutions – Solera is home to a lot of major brand names in the car lifecycle ecosystem, together with Identifix, Audatex, DealerSocket, Omnitracs, LoJack, Spireon, eDriving/Mentor, Check out, cap hpi, Autodata, and others. Solera empowers its prospects to be successful in the digital age by furnishing them with a “a single-halt store” option that streamlines functions, gives data-driven analytics, and enhances consumer engagement, which Solera thinks assists buyers push profits, promote shopper retention, and improve profit margins. Solera serves around 300,000 world-wide prospects and partners in 100+ international locations. For additional information and facts, pay a visit to www.solera.com.

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Supply Solera Holdings, Inc.