Centrix Financial Launches Campaign to Prequalify Consumers
Subprime lender Centrix Financial LLC is launching a marketing campaign that targets customers earlier in the purchase process, before they are in the F&I office.
Subprime lender Centrix Financial LLC is launching a marketing campaign that targets customers earlier in the purchase process, before they are in the F&I office.
Starting next month, Centrix will qualify consumers for loans in advance and direct those consumers to one of the 8,000 dealerships that work with Centrix in the United States, reported Automotive News.
“We're sending [dealers] a prequalified, approved customer,” said Robert Sutton, CEO of Centrix. “The only thing they've got to do is point them to the right car.”
According to Sutton, one of the key challenges of the new campaign will be educating consumers about what Centrix offers. In February, its Web site will include a feature that enables visitors to determine how much money they are qualified to borrow to buy a vehicle.
Centrix will notify consumers by e-mail of the maximum loan for which they are eligible, according to Automotive News. The e-mail notice will also include a list of dealerships near the consumer that offer Centrix loans.
As the official auto finance company of NASCAR, Centrix plans to use this relationship to gain greater exposure with consumers. A seven-state road show has been planned to follow 13 Nextel Cup Series races this year.
Centrix is the primary sponsor of a Chevrolet car that is scheduled to race in 10 of the races. The car will feature the Centrix company logo. In addition to Centrix, General Motors Acceptance Corp. has been a primary sponsor of a NASCAR vehicle since 1998.
NASCAR said 72 percent of its fans are more likely to buy a sponsor's product than a similar product sold by a company that is not a NASCAR sponsor. Seventy-five million U.S. fans follow the Nextel Cup Series.
More F&I

AI: Facilitator, Not Fixer, in F&I
The dealerships that thrive in the years ahead will be those that embrace technology while continuing to invest in the people who make customer interactions count.
Read More →
Modern Technology Objection Handling
In this video, Trent White shares how to confidently handle technology-based objections by helping customers understand the value of protection, even with modern vehicle technology.
Read More →
Consistency at Scale: Driving F&I Performance
With 75 rooftops across the Sunshine State, Morgan Auto Group has proven to Floridians that it knows a thing or two about driving performance in a competitive market. But it didn’t start at the top.
Read More →
Gitty Up on GAP
The foundational finance-and-insurance product hasn’t kept up with the latest conditions for auto dealers. Is the time ripe?
Read More →
How AI-Powered Coaching Is Transforming F&I Performance
See how AI-powered coaching can turn F&I customer conversations into actionable insights that support compliance, performance and profitability
Read More →
Sell Value, Build Trust
In this video, Trent White explains why selling on value, not fear, builds lasting customer trust, reduces cancellations, and drives long-term success.
Read More →
F&I Sales Give Dealers First-Half Lift
Product business shored up total profits to avoid an overall revenue tanking as product penetrations held steady, StoneEagle reported.
Read More →
Targeted Training Drives Results
Today’s technology, instead of threatening F&I managers, can actually make them better, according to an industry veteran who’s watched market setbacks roil the unprepared.
Read More →
Double the Change, Double the Chance
When an F&I manager gets a customer refusal, it’s a wise move to tweak more than one thing in the product offering.
Read More →
Just Do It
F&I managers need training, but instead of resisting application or expecting perfection, they should improve by simply acting on what they learn.
Read More →