Renewals Wizard™
Finance renewals are vital for dealers and manufacturers alike and they are here to stay as an increasingly important part of franchise minimum standards.
However, in reality, finance renewals in most dealerships are really hard work – an average properly calculated renewals lead with a “good news story” normally takes about 15 minutes to produce and are therefore unpopular with sales people. Just like prospecting – it has turned in to a lip service chore. Free and re-motivate your team with Renewals Wizard™.
Most renewals systems work on the basis that a customer has N months left to run on their existing finance agreement so they might be possible renewals prospects about now. That’s really woolly and what should you sell them anyway – something similar? Yawn.
Renewals Wizard™ works completely differently because its algorithms and calculation abilities are so strong – it really can do ALL the numbers. Now each customer is a unique, exciting and dealable prospect, not just a finance house statistic.
Renewals Wizard™ works seamlessly with Deal Manager™ to make PCP, HP and LP finance renewals effortless. It quickly produces carefully selected and pre-calculated lists of prospective customers for any vehicle you want to sell from your finance book with full margin protection.
YOU decide the margin and then the system will show you who can renew on that basis – totally different from any other system in the market.
New vehicle renewals are commonplace but now you can easily produce renewals for all your existing used vehicle stock too as well as LCVs which most people shy away from. Why not produce a list of half a dozen prospective customers for each used vehicle as it comes in to stock? That way the vehicle is much less price sensitive.
This produces another avenue for over-age stock control and without distressing the vehicle prices.
Data from any lender can be imported directly in to Renewals Wizard™ so that you can start to get maximum benefit on day one with all your existing lenders.
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