CLEVELAND — National Automotive Experts (NAE) and National Warranty Administration Network (NWAN) have struck a partnership with Service Payment Plan Inc. (SPP), a Chicago-based financing company that offers an interest-free payment plan option for service contract purchasers.
Service Payment Plan offers 12- and 18-month payment options for consumers. With today’s tough credit markets, offering consumers a unique solution to financing a service contract, without a credit check, allows dealers the opportunity to increase their profitability and penetrations in their finance operations.
“We are very excited about this new relationship. During our process of interviewing potential companies, SPP’s level of experience and service was very impressive” says Kelly Price, president of NAE and NWAN.
SPP is one of the the largest service contract finance companies in the industry, and offers programs like payment option to manufacturers, such as American Honda Motor Co., throughout the United States and Canada.
“We are very excited to be working with another major service contract provider," says Bob Hymen, president of SPP. “We believe we will be able to add additional value to NAE, NWAN and their dealers.”