Post on 22-Jan-2016
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© 2009 Automotive Banking Solutions. All Rights Reserved
Introducing Automotive Banking Solutions
Automotive Complete Solutions, IncEasy – Efficient - Affordable
© 2009 Automotive Banking Solutions. All Rights Reserved
• According to CNW Research, independents posted sales of 2.975 million used vehicles in October 2007, significantly down from the more than 4.5 million units moved in September 2007 *
• ‘‘Franchised dealers … are concentrating on used cars as a source of profits as new-car sales decline and service business is crimped by longer-life vehicles requiring less maintenance. Unfortunately, for independent dealers, their franchised brethren are scouring auctions and sucking up anything that might sell quickly and for a modest profit.’’ *
*Source: AutoRemarketing.com, November 2007
With market share declining, independent dealers cannot afford to miss any sales opportunities simply because they cannot provide funding
Why Provide A Finance Option?
© 2009 Automotive Banking Solutions. All Rights Reserved
Maximize Profit on Every Deal
“Financing remains the largest profit center per transaction.”
© 2009 Automotive Banking Solutions. All Rights Reserved
Off-site Desk Manager
• We are just a simple click away. We will review the deal, get it approved and send back a deal structure.
• All the dealer needs to do is print the paper work and have the customer sign it.
© 2009 Automotive Banking Solutions. All Rights Reserved
In House Financing Solutions
• Credit Check: Run your credit bureaus through the 3 major bureau providers
• Credit Application: Submit application data and receive credit decisions in seconds
• Lender Participation: Increase your potential profit per deal by using our financing sources
• Inventory Management: Simplify your inventory management
• Documentation: Easily print all of your contracts and documents
© 2009 Automotive Banking Solutions. All Rights Reserved
Credit Reporting
Access to the 3 credit reporting agencies and integration with the
credit application.
Access to the 3 credit reporting agencies and integration with the
credit application.
© 2009 Automotive Banking Solutions. All Rights Reserved
The Credit Application
Simple application flowSimple application flow
Easy to use worksheet for structuring your deals
Easy to use worksheet for structuring your deals
© 2009 Automotive Banking Solutions. All Rights Reserved
Application Monitor
Credit decisions quickly and readily displayed in single page monitor.
Credit decisions quickly and readily displayed in single page monitor.
© 2009 Automotive Banking Solutions. All Rights Reserved
Profit Calculator
The profit calculator conveniently shows a dealer where their grosses
are being made and profit potential in other areas.
The profit calculator conveniently shows a dealer where their grosses
are being made and profit potential in other areas.
© 2009 Automotive Banking Solutions. All Rights Reserved
Document Printing
Easily create documents regularly used in the buying process
Easily create documents regularly used in the buying process
© 2009 Automotive Banking Solutions. All Rights Reserved
What Is VEHICLEXPRESS?
• Our DMS was designed to accommodate the small independent auto and powersports dealer but has all the capability required by large franchise dealerships.
• The DMS gives auto and powersports dealers instant access to their inventory, customers, branches, employees and deals.
• This system gives you total control your accounting, billing and collections, compliance and regulations as well as offering a comprehensive library of forms and reports.
• You can also work with lenders across the nation within a comprehensive web-based lending platform that handles all of your F & I needs.
© 2009 Automotive Banking Solutions. All Rights Reserved
Benefits and Features
• Manage inventory in multiple locations
• Powerful VIN decoder
• Floor plan tracking
• NADA and Manheim auction valuations
• Upload inventory to Auto Trader, Cars.com and other web sites
• One time application key in to access multiple lenders
• Plain paper contracting and impact printing capabilities
• BHPH module
• Collections tools
• 24/7 access to your dealership from any web connection
• No software to install or update
• RTO module
© 2009 Automotive Banking Solutions. All Rights Reserved
Servicing The Dealership
Sales
Pull credit reports through Experian, Equifax and TransUnion
Vehicle valuations through Manheim, NADA and BlackBook
VIN Decoder software
Web access to prime through sub-prime lenders
Sales of ancillary products with a robust F&I Menu Selling System
Print Laser and Dot Matrix documents
Profit Calculator
Access to XpressCredits Credit Aggregation System
Buy Here Pay Here
Collection tools
Account noting capabilities
Payment booklets
Promise to pay reminders
Collections queues
Compliance
Manage inventory
Lead and customer management
Upload inventory on web (Autotrader, Cars.com and Ebay)
History Reports and History Details
Ability to print window stickers
Red Flag Compliance
Customizable security access
Interface with QuickBooks