This week, AUL Corp. launched a new suite of F&I products. President and chief executive officer Jimmy Atkinson described the offering as giving dealers “a one-stop shop for all of their F&I needs.”
AUL’s collection of products now includes:
• GAP coverage
• Pre-paid maintenance
• Key/fob replacement with roadside assistance
• Tire and wheel
• Interior and exterior appearance
• Paint-less dent repair
“Some of our largest agents and dealers have been asking us for years to expand our F&I offerings beyond VSCs, but we have always remained true to our long-time commitment of providing the best vehicle service contracts, with the best coverage and the best customer service,” Atkinson said.
“After nearly 30 years of delivering the very best VSC options, this singular focus has served us extremely well,” he continued. “But with our steady growth and a recently launched underwriting system, which allows us to be more nimble and efficient, we are perfectly positioned to bring additional offerings and more profit potential to our customers. The timing is just right.”
With consumers holding onto their cars longer than ever before, now averaging 11 years according to IHS Markit, AUL emphasized that VSCs and ancillary products are becoming increasingly important to deliver peace of mind to vehicle buyers. AUL’s suite of products can give dealers a single source provider that simplifies F&I so the dealer can move the negotiations outside of the finance departments ‘box’ and into the hands of the salesperson — where negotiations are often much less contentious.
One of the more significant offerings of the new suite is the firm’s GAP coverage, which protects vehicle owners whose vehicles have been totaled, but they owe more on their loan than the insurance company pays to replace the vehicle. As its name states, GAP Coverage helps to fill that gap.
Highlights of AUL’s GAP include coverage up to 84 months, coverage up to 150% of the MSRP/NADA value of the vehicle, an online claims portal for quicker claims and service, and it is backed by an A.M. Best A-rated carrier.
For more information, visit www.aulcorp.com.