Farmington Hills, Mich. — RouteOne recently announced that Drive Financial Services, a provider of automotive finance programs covering the entire nonprime spectrum, has joined the growing roster of finance sources on its Web-based credit application management system. Drive is privately held by Grupo Santander and is headquartered in Dallas.
Founded in 1995, Drive is one of the fastest-growing companies in automotive finance, with a $4 billion nonprime portfolio originated from more than 12,000 dealer partners throughout North America. Drive's programs allow auto dealers to offer financing solutions to consumers with limited or below- average credit histories.
"The addition of Drive Financial as an available finance source option on RouteOne really improves our ability to provide our dealer customers a broad spectrum of credit buying," said Mike Jurecki, RouteOne CEO. "Our dealers have consistently demanded the availability of Drive on the RouteOne platform, and we are proud to now offer Drive Financial as a fully integrated finance source. Drive is interested, as we are, in providing their dealers the ability to accelerate the performance and productivity within their F&I office," Jurecki added. "We look forward to bringing our dealers the value that Drive will undoubtedly offer."
"Drive's addition to the RouteOne platform gives us another innovative way to connect with dealers," said Drive president and CEO Tom Dundon. "We believe RouteOne's applications will highlight Drive's depth of credit offerings to our existing dealer partners, and provide us with opportunities to expand our dealer base as well."
In addition to providing access to both captive and non-captive finance sources through a single portal, RouteOne offers a wide variety of tools to assist the dealer in managing their day-to-day business, such as a detailed reporting suite, DSP integration, and credit bureau access, all within a single desktop application. RouteOne's open integration business model allows the dealer to integrate with their choice of a wide variety best in class partners, including DSPs, CRM systems, F&I modules and menu providers. More information can be found at www.routeone.com.