Independent Used Vehicle Certification Program Adds Lenders

National Vehicle Certification Program Group (NVCP) and Driveway Financial Services, Inc. provide new lending opportunities for customers of both Independent and Franchised dealers

Colleyville, TX (PRWEB) June 30, 2009- National Vehicle Certification Program Group (NVCP) has partnered with Driveway Financial Services, Inc. to bring additional lenders to independent and franchised dealers currently certifying vehicles through the NVCP.

The NVCP certified pre-owned program includes a physical inspection, visual inspection, Scientific Fluid Analysis for both engine and transmission, a test drive, and photographic documentation- all performed by an independent, third- party inspector. In addition, used vehicles certified under the program carry a 3-month /3000 mile or 6-month /6000 mile mechanical warranty, and are eligible for the CARFAX Buyback Guarantee®.

In an industry first, actual inspection results and documentation are available online via a direct link from the CARFAX Vehicle History Report. In the form of a compact and informative report, this data includes a complete list of items inspected, inspection and fluid analysis results, and notes from the inspector where applicable. Included are photos of the odometer, VIN plate, and interior and exterior of the vehicle for dealers and consumers to view.

We are excited to be working with the National Vehicle Certification Program. said Mike Bellamy, National Sales Manager for Driveway Financial Services, adding "The NVCP lessens risk and improves performance for lenders, and is great for the consumer."

he National Vehicle Certification Program together with CARFAX now offers flexible loan packages through Driveway, so the decision to purchase has become easier to make. "This is a true, third-party, independent CPO process. No other program or manufacturer can say that, and lenders understand and appreciate that." said Tom Middaugh, Executive Vice President of NVCP. "This is great for dealers, too. Our relationship with Driveway just makes it a little easier for buyers to get the vehicle they truly want- a quality, certified pre-owned vehicle." added Middaugh.

 

Rob Gaither, President of NVCP, had this to say "Lenders appreciate our third-party verification of condition and equipment. Our certification process and photo documentation assure lenders that the vehicle is what the dealer says it is; the book value and the condition are assured. With the addition of the warranty coverage, both buyers and lenders can expect a trouble-free experience during the critical initial phase of the loan. This is clearly a 'Win-Win' for all concerned."

About:  Driveway Financial Services, Inc.

Driveway Financial is a full service loan brokerage company based in Scottsdale, Arizona. Driveway specializes in bringing qualified lenders to the independent auto dealers and other underserved markets.  Through its unique approach to the market, Driveway offers lenders a very efficient delivery mechanism to reach underserved dealers, and a way for dealers to reach many lenders through a single point of contact.

 

For more information on Driveway Financial Services, Inc., call 480-488-0287 or visit  www.drivewayfinancial.com .

 

 

 
New Independent CPO Program Introduced

May 28, 2009

COLLEYVILLE, Texas   The National Vehicle Certification Program Group announced Thursday it has teamed with Carfax to launch a certified pre-owned program tailored specifically for independent dealers.
The CPO program, which is nationwide and independent of any OEM, is also available to franchise dealers who want to certify used inventory that is not certifiable under their respective factory program.
As part of the program, inspection results and documentation can be accessed through the Web via a direct link on a specific unit's Carfax Vehicle History Report. The data includes a list of items inspected, inspection
and fluid analysis results, notes from the inspector (if applicable), as well as photos of the odometer, VIN plate and interior and exterior of the vehicle
"In times like these, many people are turning to pre-owned as a more economical choice," shared Rob Gaither, president of NVCP.
"They want to know about the quality and condition of a used car before they make a financial decision," he added. According to officials, the NVCP program can also project the future of certain vehicle components
based on the scientific fluid analysis. What's more, the certification process includes a physical inspection, visual inspection, engine and transmission Scientific Fluid Analysis, test drive and photographic documentation.
All of these tasks are carried out by an independent third-party inspector.

The certified vehicles include a three-month/3,000-mile or six¬month/6,000-mile mechanical warranty, and are eligible for the Carfax Buyback Guarantee. "This is a true, third-party, independent certification process.
No other program or manufacturer can say that," suggested Tom Middaugh, executive vice president of NVCP. "The scientific fluid analysis combined with the physical inspection ensures that a consumer is offered
a quality pre-owned vehicle, inside and out," he continued.  Gaither added: "Our fluid analysis is like a blood test for your vehicle; the physical inspection (is) a sort of stress test. The process truly gives dealers
and consumers more information about the quality and condition of a vehicle than was ever possible in the past," he noted.
 
For more information, visit www.nvcpcertified.com.
 
Reprinted from an article in AutoRemarketing.com


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