Auto Dealer Today: Xtime and Sunbit Team to Offer Access to Additional Payment Options in the Service Department
Expanded flexible financing options allow dealers to offer access to buy now, pay over time payment plans that work for more than 90% of Sunbit consumers.
MISSION, Kan. – Xtime, one of the automotive industry’s leading end-to-end software service solution, announced its collaboration with Sunbit, the technology company improving the buying and selling experience for everyday things through flexible monthly payment plans. Together, they will provide access to additional payment options for dealerships to offer consumers directly fromXtime.
“Especially in light of a challenging economy, dealerships are seeing growing demand for financing options.”
Xtime helps dealerships build loyalty, increase customer satisfaction, and drive revenue in the service department, all by providing the tools and technology to create a superior customer experience. As Sunbit has become a major player in fixed ops financing with a footprint in 19 of the top 25 largest auto groups and more than 3,500 auto dealerships in the U.S. served, including Sunbit integration with Xtime’s FlexPay was a natural next step.
With the new Sunbit relationship, consumers can see payment plan options and pre-qualify, all from the quote provided to them through Xtime. This option can easily be enabled and put into action for any dealership using both Sunbit and Xtime.
“Especially in light of a challenging economy, dealerships are seeing growing demand for financing options,” said Matt Schwartz, senior director of business development for Xtime. “With flexible payment options available, the customer experience only improves by making comprehensive automotive repairs more affordable and lessening the impact on consumers’ budgets. Sunbit is integrated seamlessly, making the process easy and contactless for both consumers and service employees.”
Sunbit helps deliver a premium customer experience by providing customers access to financing with a 90% approval rate and an application that doesn’t impact a consumer’s credit score. Sunbit leverages machine learning technology to personalize underwriting solutions that result in more transparent and fairer rates for more people. Now found in one out of every six U.S. dealership service centers, Sunbit technology has helped service departments complete more than200,000 repair orders, ringing up more than $142M in revenue for these auto dealerships.
“Xtime has a great reputation in the industry and is used by over 7,500 dealerships,” said Tal Riesenfeld, head of sales at Sunbit. “We’re pleased to be working with them to ensure that dealerships minimize losses from unsold services, and that consumers have the best experience possible while getting the repairs that they need to be on the road safely. We think that’s a win all around.”
For more information about Xtime and Sunbit integration, visit http://choose.xtime.com/flexpay-sunbit/.