LOANIFY provides Mobile Proof of Funds (Approval Certificate) within the FastPass app for approved borrowers. Entering any auto dealership with the FastPass app automatically opens an event which reminds users of the available tools to assist in time and money savings.
The Purchase Plan tool allows for total transaction transparency for users who with to validate and review all aspects of their transaction before they sign a binding purchase agreement.
Lenders spend significant resources to generate origination of approved auto loan application. On average, around 50% fund, where is the other half?
For auto shoppers, entering a dealership with an approved loan amount is the most valuable instrument to disrupt the dealer staged standard buying process to maximize their profits. LOANIFY leverages direct lender financing to streamline the entire process.
Within the FastPass App, users have access to automobile industry experts to help them navigate through the complex auto purchase process.
An auto purchase is the second largest purchase decision in most peoples lives. FastPass Auto Advisors help shoppers make informed decisions, suggest research, validate trade-in values and work to solidify users Purchase Plan.
Dealerships may or may not promote alternative financing to your pre-approved Borrowers.
TOP REASONS DEALERS OFFER ALTERNATIVE FINANCING
1. DETAILS OF LOAN APPROVAL ARE NOT IN SHOPPERS HAND.
2. FINANCE AMOUNT EXCEEDS LOAN APPROVAL AMOUNT
3. DEALER WANTS TO SELL LOAN TO OTHER LENDER FOR PROFIT
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