In an effort to help dealers attract and retain used- and new-car customers, instaVIN revealed it has launched two new offerings.

Dealers utilizing the company will now be able to purchase certified pre-owned warranties, as well as service contracts.

First up, “The new instaVIN CPO program enables franchised dealers to certify their off makes and older nameplate vehicles, and independents to reap the benefits of a trusted certification program,” officials noted.

It is available for most car/truck makes and models and consists of three parts: current instaVIN Vehicle History and Title reports (when available), vehicle inspection performed by the dealer as dictated by vehicle type and a 3-month limited warranty.

Just how can a dealership use this program?

First, when a dealer chooses to certify a vehicle, a certification package is purchased from instaVIN, “which allows the dealer to run instaVIN Vehicle History and Title reports to check for negative title brands and similar events.”

If all is clear with the instaVIN History Report, the dealer performs a vehicle inspection according to the program’s certification standards.

Then, if the vehicle passes inspection, it is registered with instaVIN through an online Express Lane portal, and a 3-month limited warranty is issued.

“Following registration, the dealer has access to a free copy of the comprehensive CPO report they can provide to their customer to validate the warranty, including the instaVIN Vehicle History and complete inspection reports,” officials further explained.

Service Contract Offering

Highlighting another new offering from the company, the instaVIN Vehicle Service Agreement Program was revealed Monday, as well.

“Car and light truck dealers also need to be able to offer their customers comprehensive, reliable service contracts to help protect them from factory installed mechanical and electrical component breakdown and more,” officials stressed.

“With multiple options beginning with powertrain and other key component coverage all the way to programs that cover nearly everything, instaVIN VSA programs are a one stop shop for a turn-key service program that sells itself,” they continued.

Here are a few highlights from the new service contract program:
•    Online rating & order entry
•     Stated coverage up to 120,000 miles
•     Terms from 24 to 60 months
•     You choose the repair shop
•     Financing available
•     24/7 online claims
•     include roadside assistance

The company also explained how the two new programs can work hand-in-hand.

“When used in conjunction with the instaVIN CPO program, dealers can up-sell the consumer from the 3-month CPO warranty to a longer term service agreement,” officials noted. “This allows for further direct revenue on top of the increased gross of the CPO vehicle, plus stronger future opportunities for service and other ancillary products.”

For more information, see www.instaVIN.com.