{"id":9499,"date":"2022-05-26T08:00:00","date_gmt":"2022-05-26T13:00:00","guid":{"rendered":"https:\/\/solerastaging.wpengine.com\/?p=9499"},"modified":"2023-05-16T19:24:20","modified_gmt":"2023-05-17T00:24:20","slug":"solera-auto-finance-builds-momentum-and-advances-to-20-states-within-two-months-of-launch-2","status":"publish","type":"post","link":"https:\/\/www.solera.com\/blog\/2022\/05\/26\/solera-auto-finance-builds-momentum-and-advances-to-20-states-within-two-months-of-launch-2\/","title":{"rendered":"Solera Auto Finance builds momentum and advances to 20 states within two months of launch"},"content":{"rendered":"\n

Powered by its robust offering, SAF continues to sign dealer agreements and fund loans<\/em><\/p>\n\n\n\n

WESTLAKE, Texas, May 26, 2022 \u2013 <\/strong>Integrated vehicle financing solution provider Solera Auto Finance (SAF)<\/a> is building momentum and bettering its own initial growth estimates in record time. Buoyed by its well-received launch in March of this year, SAF is already well-positioned in the used car finance market, signing dealer agreements and funding loans within two months of its introduction. SAF today announced the upward revision of its short-term targets in the face of this accelerated market adoption.<\/p>\n\n\n\n

\u201cWe have a robust offering, a motivated team, and a strong network that is growing on a daily basis. Solera Auto Finance planned to launch initially in seven states and add about a dozen more in the next six months. I\u2019m proud to say we have made quick inroads with dealers and customers in a record time. SAF is already operational in 20 states within two months of its launch. Based on our accelerated growth and performance, we are revising our short- and long-term growth targets and now plan to be operational in all 50 states within the next one year,\u201d commented Kenn Wardle, CEO, Solera Auto Finance.<\/p>\n\n\n\n

SAF levels the playing field for dealers, enabling them to provide the same seamless experience with a \u2018captive-like\u2019 financing solution that rivals even the most prominent used-car disrupters.<\/p>\n\n\n\n

\u201cWe are fulfilling our promise of enabling independent and franchise car dealers to provide competitive-rate auto loans to the non-prime segment of used car buyers. By the year-end, we expect to extend our offering to the full spectrum of used-car buyers. Besides reducing operating costs, SAF\u2019s commercial value proposition for used car dealers is designed to positively impact the automotive industry, create a seamless journey for car buyers, accelerate the financing and funding processes and provide a superior car-buying experience,\u201d added Wardle.<\/p>\n\n\n\n

SAF provides a new competitive financing option that fully integrates with Solera\u2019s Dealer Management Systems (DMS), including Auto\/Mate<\/a> for franchise dealers and IDMS<\/a> for independent dealers.<\/p>\n\n\n\n

Amongst SAF\u2019s first customers is Virginia-based dealership Town Auto Brokers. Rena Bateman, General Manager, Town Auto Brokers said: \u201cWhat attracted us to Solera Auto Finance was their straightforward financing solution with an all-digital, online option and competitive financing rates. We are excited to collaborate with a company that is easy to reach and impressed by the customized service provided to us at every step in the process. Based on our interaction, this is the key differentiator of why we believe Solera Auto Finance is making quick inroads in the used car finance segment.\u201d<\/p>\n\n\n\n

Having expanded to 20 states, SAF is already actively recruiting in others for its high-speed rollout. In the current, highly competitive used car market, SAF will empower dealers to engage new customers with a fast, simplified lending solution for buyers and dealers. With its purpose-built financing solution, car buyers can receive financing decisions in seconds. SAF will also fund the dealer significantly faster than the current process, which can take several days for many franchise and independent dealers. As SAF\u2019s AI-driven technology continues to mature, dealer funding time is expected to shrink to mere hours.<\/p>\n\n\n\n

Dealers who take advantage of Solera Auto Finance will also qualify for a unique rewards program that can reduce or eliminate their Solera DMS solution fees. <\/p>\n\n\n\n

Details about the program, including how to enroll, are available at www.soleraautofinance.com<\/a> or via email: info@soleraautofinance.com<\/a>. <\/p>\n\n\n\n

About Solera<\/strong> <\/p>\n\n\n\n

Solera is the global leader in vehicle lifecycle management software-as-a-service, data, and services. Through four lines of business \u2013 vehicle claims, vehicle repairs, vehicle solutions and fleet solutions \u2013 Solera is home to many leading brands in the vehicle lifecycle ecosystem, including Identifix, Audatex, DealerSocket, Omnitracs, LoJack, Spireon, eDriving\/Mentor, Explore, cap hpi, Autodata, and others. Solera empowers its customers to succeed in the digital age by providing them with a \u201cone-stop shop\u201d solution that streamlines operations, offers data-driven analytics, and enhances customer engagement, which Solera believes helps customers drive sales, promote customer retention, and improve profit margins. Solera serves over 300,000 global customers and partners in 100+ countries. For more information, visit www.solera.com<\/a>.<\/p>\n\n\n\n

Contact:\u202f<\/strong>\u202f <\/p>\n\n\n\n

Solera\u202f<\/strong>\u202f<\/p>\n\n\n\n

Amy Casas\u202f 
amy.casas@solera.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Powered by its robust offering, SAF continues to sign dealer agreements and fund loans WESTLAKE, Texas, May 26, 2022 \u2013 Integrated vehicle financing solution provider Solera Auto Finance (SAF) is building momentum and bettering its own initial growth estimates in record time. Buoyed by its well-received launch in March of this year, SAF is already well-positioned in […]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","_uag_custom_page_level_css":"","footnotes":""},"categories":[3],"solution-focus":[],"topic":[],"resource-type":[62],"class_list":["post-9499","post","type-post","status-publish","format-standard","hentry","category-press","resource-type-news-press"],"acf":[],"yoast_head":"\nSolera Auto Finance builds momentum and advances to 20 states within two months of launch - Solera<\/title>\n<meta name=\"description\" content=\"WESTLAKE, Texas, May 26, 2022 \u2013 Integrated vehicle financing solution provider Solera Auto Finance (SAF) is building momentum and bettering its own initial growth estimates in record time. 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