PROBLEM
Current pre owned vehicle loan applications face high rejection rates at banks, coupled with excessive paperwork that can take over a week to process. Additionally, applicants lack the ability to easily compare multiple financing options
SOLUTION
We provide a virtual F&I service for pre owned car dealers. This service channels their customers through a simplified credit application process, offering responses within one day. Additionally, it reduces paperwork and allows customers to choose the best option from 10 different banks.
VALUE PROPOSAL
Our virtual F&I service promises to revolutionize the used car buying experience by offering a streamlined, hassle-free credit application process. We guarantee quick credit decisions within one day, significantly reduce paperwork, and provide access to the best financing options from 10 different banks. This enables car dealers to close sales faster and enhances customer satisfaction by offering them the convenience and choice they deserve.
TWEET PITCH
Streamline the vehicle loan application process and swiftly present the best option to the applicant from over 10 bank choices.
TARGET MARKET
Our target market includes all dealerships and sales channels for pre owned vehicles in Colombia that sell cars less than 10 years old. This segment encompasses approximately 360,000 annual transactions of used vehicles eligible for financing, with a SAM size of 18 trillion pesos. We focus on dealerships located in major cities such as Bogotá, Medellín, Cali, and Barranquilla, which account for over 60% of the used car market. These dealerships seek to streamline their sales process and enhance customer satisfaction through fast and efficient financial solutions.