5 Introduces a New Independent Dealer Program, the new way to finance F&I
products and Avoid Chargebacks with NO FEE.
4, 2020, - Line 5, a Florida based indirect lender
specializing in financing of vehicle service contracts (VSC), and ancillary F&I
products begins offering up a new independent dealership program across the
United States. This program is a unique and revolutionary idea from the
company, financing all cancellable F & I, and ancillary products; they are
the first to implement this type of program for dealers in the automotive, RV,
marine and power sports industry.
new independent program allows dealerships to sign up and sell back end
products without chargebacks. With only a small down payment, no fees charged
to the dealer, up to 84 months financing terms, the new program is a win-win
for the dealership.
5 offers every customer the opportunity to purchase F&I products such as a
vehicle service contract (VSC) from dealers irrespective of their credit
ratings, at a budget-friendly monthly payment. This makes the whole purchasing
experience as smooth as possible, increasing the rate at which dealers can sell
multiple protection plans.
program enables a dealership to sell a VSC and other products with no fee. Line
5 sends the cost of the product directly to the administrator. This assures the
consumer has their products activated and ready for use, without the dealer
paying out of his/her pocket to activate the products. The dealer receives his
monthly profits as the customer’s payments comes in.
company has been privileged to work with finance managers to help finance their
F&I products, here is what a business Manager said about his experience
with them, "Line 5 is an excellent company, and I'm very grateful
for the services they offer. They have the best terms for warranty." Michael
firm does all the heavy lifting, processes the deals fast and efficiently by
utilizing e-rating, e-contracts (in partnership with F & I express and
P.E.N), e-signature and e-funding. This helps eliminate any mistakes that might
occur during the customer’s sign up process.
the case of cancellations, the administrator pays Line 5 back the pro-rata left
on the contract, Line5 handles all cancellation refunds and alerts the
dealership as to when the profit payout with cease.
means all profits made using this program are fully earned by the dealership, with
no chargebacks. Dealerships can rest assured that they do not have to worry
about processing a cancellation, or budgeting for the refunds due back to the
customer or lien holder.
more information about Line5 and how to be part of their new independent dealership
program visit https://www.line5.com.
Person: Jennifer Richter