AUSTIN, Texas — RoadVantage, a provider of F&I programs for the automotive industry, announced yesterday that it is now offering coverage terms of up to seven years for its full line of ancillary products.
“Looking at the trend toward longer term auto financing, it only makes sense for ancillary products to follow suit,” said Garret Lacour, CEO of RoadVantage. “While service contracts, GAP and environmental coverages may go up to seven years, no other provider offers seven-year terms on the full line of F&I products. Having the option to match coverage terms on ancillary products with all loan terms is the next logical step, and it hasn’t been available until today.”
RoadVantage new offering of six- and seven-year coverage terms on all products, including its full suite of standalone and bundled programs.
“This is another demonstration of RoadVantage’s forward-thinking approach to F&I,” said Alan Miller, senior vice president of sales at CNA National, which announced an alliance with RoadVantage in September 2013. “Superior customer service and product quality, and now it offers the longest terms of any provider in the industry on all F&I products. This is the kind of innovation our clients seek.”
Randy Ross, senior vice president of sales for RoadVantage, added: “By extending our coverages, we recognize and address another void. If auto loans last as long as seven years, why shouldn’t F&I ancillary products? This is one more way in which RoadVantage strives to set a new industry standard in F&I.”