Early Loan or Lease Exit
SELL THE CAR TWICE WITHOUT PAYING TO FIND THE CUSTOMER AGAIN
Exit Ramp helps your dealership close more deals by paying the negative equity on your customer’s trade-in when they purchase their next vehicle from you.
12/12
MONTHS AND PAYMENTS BEFORE BENEFIT ACTIVATES
1X
TRADE-IN LOCKED TO YOUR STORE OR OWNERSHIP GROUP
$0
MARKETING SPEND TO BRING THEM BACK.
THE EXIT RAMP RETENTION ADVANTAGE
EXIT RAMP ALLOWS YOUR CUSTOMERS TO TRADE IN THEIR VEHICLE EXCLUSIVELY TO YOUR DEALERSHIP AFTER 12 MONTHS & 12 PAYMENTS HAVE OCCURRED, BUT BEFORE THE END OF THEIR FINANCE/LEASE CONTRACT TERM
ELIGIBILITY & PARAMETERS
- Current plus 7 model years
- Less than 80,000 miles
- Up to $125,000 MSRP/NADA
- Loan term up to 84 months
- Lease term 24 to 48 months
- Line 5 products will be cancelled and applied to loan balance, but you control next deal
- Benefit can be used throughout common ownership groups
- Benefit paid to dealership on trade-in / new purchase
- To be used like equity mining (even with negative equity) for faster trade cycle
- BDC calendared leads / appointments
- Re-insurable AND retro eligible if production minimums are maintained
- Save money on marketing
- First dollar fully insured by Old Republic Insurance Company
HOW IT WORKS ON THE DESK
1
Customer purchases a vehicle and an Exit Ramp Contract.
2
Customer drives the vehicle for a minimum of 12 months and makes a minimum of 12 payments.
3
Anytime before the end of their loan or lease term, they return to your dealership and trade for another vehicle.
4
Exit Ramp pays your dealership the negative amount up to the maximum benefit stated on their contract.
