CHICAGO — F&I Administration Solutions LLC announced the integration of PayLink Payment Plans financing services into its dealer electronic rating and electronic contracting solution. Now service and F&I departments can automatically generate contracts with zero percent financing, flexible payment terms and multiple payment options for F&I products purchased outside of the auto loan directly from F&I Admin’s dealer electronic contracting solution.
“We continue to look for ways to maximize efficiency and help drive service plan sales for dealers. Providing real-time connectivity with PayLink makes our electronic contracting process a fast, effortless and profitable solution for dealers,” said David Trinder, CEO of F&I Admin. “Creating this level of integration has streamlined the process of selling service contracts to customers by eliminating double entry, increasing accuracy and saving time.”
Connecting the electronic contracting solution to PayLink’s online financing allows an F&I manager to immediately offer PayLink financing options to a customer when presenting the F&I Admin electronic contracting solution. When an option is selected, only the additional required data has to be entered to complete an application.
“PayLink’s integration with F&I Admin streamlines the process of financing F&I products outside of the auto loan, making it easier for dealerships to benefit from using the zero percent interest payment plans PayLink has to offer,” said Rebecca Howard, CEO of PayLink Payment Plans. “Our partnership makes the process faster and easier by eliminating the need for duplication of information and completion of multiple forms.”