MaximTrak, F&I Admin Forge Strategic Partnership
MaximTrak Technologies announced a strategic partnership with F&I Administration Solutions LLC to enable auto dealers to electronically rate, contract and register contracts for all providers through the SCS Auto administration platform.
WAYNE, Pa. — MaximTrak Technologies announced a strategic partnership and integration with F&I Administration Solutions LLC. The integration enables auto dealers to electronically rate, contract and register contracts for all providers through the SCS Auto administration platform without having to leave the MaximTrak system.
“Our strategy is to open up our network to other providers and enable connectivity to all parties,” said Jim Maxim Jr., MaximTrak Technologies president and CEO. “We have a collaborative approach and our new platform not only offers product integration to MaximTrak directly but also through industry partnerships such as F&I Admin.”
MaximTrak is a Web-based platform designed to enhance the presentation of value-added aftermarket options to consumers, according to the company. It integrates with all major DMS providers, eliminating the need for manual data entry into multiple systems.
“This integration dovetails with our mission to enable every possible channel for providers and dealers to more efficiently conduct electronic transactions,” said David Trinder, CEO of F&I Admin. “With our connectivity to MaximTrak, auto dealers can now conduct an entire transaction, from quote to contracting, without leaving the MaximTrak menu.”
For more information, visit www.maximtrak.com.
More Auto Finance
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Cars a Tad More Affordable
May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.
Read More →
First-Quarter Sees Long Auto Loan Growth
Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.
Read More →
Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →