SEATTLE, Sept. 17, 2020 /PRNewswire/ — DigniFi, a funding platform for vehicle repairs and companies, announced that Volkswagen of The us endorses DigniFi as a desired seller in its eConnect Adaptable Payment Program. Volkswagen’s 636 U.S. dealerships can now lover with DigniFi to supply support heart prospects accessibility to economic flexibility in these seeking times. DigniFi permits customers to implement for shorter-term financing on their smartphone and obtain an fast selection. On typical, dealerships that offer DigniFi boost provider profits by 20 percent yearly.
Right now, amidst the COVID-19 pandemic, young functioning Us citizens progressively depend on their vehicles for harmless mobility. Additional driving involves additional routine maintenance, and a modern LendingTree examine located that 43% of all U.S. motorists, and 58% of Millennials, have gone into personal debt as a end result of vehicle trouble. 21% of these motorists accrued this personal debt soon after the pandemic began. Almost six out of 10 Individuals, together with 71% of millennials, have skipped needed repairs mainly because they are unable to pay for them.
“COVID-19 has remaining young men and women in these a state of economical insecurity that many are picking out to skip repairs that are crucial to the longevity and security of their vehicle,” stated Richard Counihan, CEO of DigniFi. “In partnership with Volkswagen, we are switching that. We applaud Volkswagen for supporting adaptable payment solutions that serve customers in their time of want.”
DigniFi’s funding platform aids motorists manage repairs by giving obtain to adaptable payment selections and % financing for all those who qualify. Clients entire the funding software on their particular smartphone in just a several minutes, guaranteeing a secure, contactless method for dealership personnel and clients. Approval costs on DigniFi’s system are two instances higher than the regular credit score card, serving prospects throughout a large assortment of FICO scores. To date, much more than 5,000 dealerships and car support facilities in the U.S. have employed DigniFi to maximize profitability and client retention.
“Volkswagen proprietors should really hardly ever have to pick out amongst repairing their car and affording other fundamental requirements,” stated Julia Howard, Provider Lane Technology Organization Growth Expert at Volkswagen of The us. “We are committed to giving the adaptability and understanding our customers need in these trying periods. With the assistance of DigniFi, we will get our buyers again on the road.”
Volkswagen sellers can check out dignifi.com/associates to get commenced with DigniFi.
About DigniFi
DigniFi is a platform business that connects consumers with lenders for motor vehicle repairs, tires, components, and other car-connected demands. The automatic, contactless procedure serves up money merchandise by way of the position of sale at car or truck dealerships and unbiased repair service shops. DigniFi offers consumers with access to fastened payment strategies. The loans are originated by way of WebBank, Member FDIC. To day, DigniFi has delivered access to around $120 million in loans in partnership with much more than 5,000 automobile services facilities. For extra data, please stop by www.dignifi.com.
Contact: Amy Dardinger, 574-286-5629, [email protected]
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