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SEARCHMARBLEHEAD, Mass. -- Dealer Finance Technology LLC (DFTech) has introduced a complete service to enable auto dealer groups to build, operate and license their own subprime finance companies to support its in-house sales.
MARBLEHEAD, Mass. -- Dealer Finance Technology LLC (DFTech) has introduced a complete service to enable auto dealer groups to build, operate and license their own subprime finance companies to support its in-house sales.
Through the program, each independently owned finance company will purchase retail installment contracts from the dealer group’s individual dealerships at rates and advance levels that are beneficial to both parties.
The dealerships originate the contracts utilizing the DFTech’s Dealer Financing Platform. The platform integrates many “best-of-breed” technologies to deliver results that reduce risk and increase profit margins, according to the company.
Technologies and services that DFTech has integrated include, Fiserv Lending Solutions, Wilson Technologies, Monetrics and COMPLIsource.
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