DRIVRZ Financial, Formerly MUSA Auto Finance, Partners With Roadster To Add Used Car Leasing To The Digital Retail Experience
The company’s latest partnership with Roadster reflects its continued focus on using technology to create practical, modern and transparent customer experiences. As part of Roadster’s Express Storefront solution, visitors to the dealership’s website can calculate their exact used car rental payment based on a set of adjustable factors. These include the amount due at signing, the miles flown per year and the length of the lease. Each factor is chosen by the site visitor and the rent payment is calculated automatically from there. Customers can make as many adjustments to their selections as they want until they arrive at the best payout.
The same process applies for traditional financing, so the customer can compare their financing and leasing options side by side. Once the customer is satisfied with the transaction, they can apply to lease online, without ever setting foot at the dealership.
“We’re especially excited about this integration as we don’t know of any other lender that has introduced used car rental into the digital retail world. Used car rental is already incredibly rare. Add calculators. payment and the ability to apply for a used car. rent online, and you have a real unicorn, ”said Jon lamb, CEO of DRIVRZ Financial.
Lamb says used car leasing adds value to dealers because it increases their customer retention rate and brings the customer back to the dealership for another car much sooner than traditional financing. Consumers like it because they save on depreciation, typically pay a lower monthly payment, and can get into a nicer car – and swap the car more often – than they could otherwise afford.
Andy moss, CEO of Roadster, expressed his thoughts on the integration. “Our vision is to create a flexible and convenient shopping experience where any part of the process – or all of it – can be done at home and picked up in the showroom, or vice versa. With the DRIVRZ Financial integration, each used car rental the customer can create their own deal, so they are confident in the numbers and are more likely to take the next steps towards closing. “
In the first week since the integration went live on their website, Easterns Automotive noticed that visitors were using the lease payment calculator almost as much as the finance calculator. “And that’s without special promotion at the moment,” said Joel bassam, Marketing Director at Easterns Automotive. “This is crucial. Our website is essentially our dealership – but online. It allows customers to complete as many sales processes as they want from the comfort of their homes. We have requested this integration with Roadster and DRIVRZ Financial because we wanted to bring that same online convenience to the used car rental options we already have in store. ”
With this integration, 2,000 Roadster dealers across the country will be able to add DRIVRZ Financial used car rental to their online experience.
In the coming months, DRIVRZ Financial plans to continue expanding into new platforms and products, including traditional retail financing and direct consumer lending.
About DRIVRZ Financial (formerly MUSA Auto Finance)
DRIVRZ Financial is an automotive finance company and a technology innovator in the new and used vehicle industry. The company draws its customers from selected franchise and independent dealers.
Since its inception, DRIVRZ Financial has automated the time-consuming manual processes traditionally associated with leasing and purchasing a vehicle. One of the company’s technology platforms processes the request, calculates the lease, automatically decides the request, provides approval to the partner dealership, and accurately pre-fills the lease in seconds. Automated approvals normally occur in seconds, and consumers can even upload supporting documents via their mobile device.
DRIVRZ Financial serves as the leasing and financing division of PowerBand Solutions, Inc. (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) (“PowerBand”, “PBX” or the “Company”).
For more information visit www.musaautofinance.com. The company plans to launch its fully rebranded DRIVRZ Financial website later this year.
Roadster provides consumer-centric commerce solutions for today’s modern dealership. Using Roadster’s proprietary technology platform, dealers can offer hassle-free car buying in-store, online or on the go. Roadster dramatically improves customer satisfaction scores at dealerships, while dramatically reducing costs to sell.
From inventory merchandising to finance / lease, incentives, trade-ins, service plans and accessories – Roadster has the perfect nearly penny deals in a beautifully designed interface that customers and employees will love. Roadster is based at Palo Alto, California, and was founded at the end of 2013.
For more information, please visit www.roadster.com.
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SOURCE DRIVRZ Financial