AutoPayPlus Adds Reinsured Version of Biweekly Payment Program
AutoPayPlus has launched RePayPlus, offering a reinsured version of its biweekly payment program that features a “powerful” customer retention facet.
In a release, executives say RePayPlus was developed in partnership with Reinsurance Associates and is an industry first. Listed benefits include high dealer premiums, low loss ratios and a $499 loyalty credit.
“RePayPlus represents a breakthrough in innovation for an F&I market that rarely sees anything new that’s not a gimmick,” writes AutoPayPlus founder and CEO Robert Steenbergh. “By combining three already successful and proven components, we’ve created a force multiplier.”
