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We built LeftLane to help you collect more money with fewer resources
Times are challenging in the Buy Here Pay Here world. Inflation is outpacing wages, so the consumer has less purchasing power. Vehicle prices have not come down. Delinquency rates are the highest they have been in subprime auto since 1994. Interest rates are rising, meaning dealers need to earn more profit with the same customer base to cover their debt service.
Dealers need to get more out of less, while competing for their customers paycheck. Current software solutions are not evolving to help dealers in these times. Dealers still have to text and call customers to remind them to make a payment. This can take two full days out of one employee's week. Dealers have to take hours out of their day to manually process a payment and then post it to the DMS. Owners, managers, and employees are still working 6 day, 70 hour weeks.
Customers are struggling to make payments. They have to choose between paying their rent, auto, cell phone, grocery, insurance, etc. They have to call in to make their auto payment, but can pay the others with one click. Imagine how many bills you would miss if you had to call in to pay or figure out when your payment is due. Especially if you called in and got put on hold.
We built LeftLane to help dealers in the new BHPH market. We automate text message reminders, so you and your staff don't have to send them. We include a link to pay in those text reminders, so your customer can pay with one click. No need for a password, login, or to download an app. We take the friction out of paying, so it is more convenient to pay the auto bill than to pay others.
How has your DMS adopted to the new conditions? Books a demo or subscribe to the newsletter to learn how LeftLane helps you collect more with less
