Darwin Automotive wants finance office products to be as easy for used-vehicle buyers to purchase as their favorite items on Amazon.
The F&I software provider recently announced the release of “Buy it Now” functionality as an addition to its Darwin Online digital retailing application, creating what the company believes is a “true Amazon-like” checkout experience for vehicle buyers anywhere in the United States.
Darwin Automotive explained that it has harnessed its patented technology to enable customers to seamlessly purchase a vehicle from the comfort of their own home or workplace. Darwin’s “Buy it Now” technology can allow the consumer to pay for 100 percent of the vehicle online and to electronically sign all the required documents in one single signing ceremony without having to leave their home or workplace, including finance and insurance documents.
According to Darwin Automotive chief executive officer Phillip Battista, no other company has provided this functionality in the marketplace to date.
“We view this as a huge opportunity for all our auto dealer clients, especially with pre-owned vehicles, where the customer understands the uniqueness of the vehicle they are purchasing,” Battista said.
“Most dealerships know that 20 percent of their business is cash transactions,” he continued. “Cash customers represent five times the number of new-car customers that are willing to do an entire transaction electronically, so why not provide them with the convenience of an electronic transaction inclusive of F&I products?”
Darwin currently operates in all 50 states with more than 3,600 dealerships nationwide using its F&I software.
“Having clients which include Hertz Automotive, with 86 retail locations, Vroom and Texas Cars Direct, (two of the largest used-car retailers in the world) has provided us with great insight into the pre-owned market and what customers want,” Battista said.
“Darwin is uniquely positioned to offer these customers what they truly desire, which is ease of doing business while being in control of the transaction,” he went on to say. “Darwin inserts its predictive analytic recommendation engine for F&I products to ensure the transaction is a profitable one.”
For more information or to schedule a product demonstration, call (732) 781-9010 or visit www.darwinautomotive.com.
Volvo picks Darwin as preferred partner
In other company news arriving before January closed, Volvo Car Financial Services selected Darwin Automotive as a preferred partner offering digital F&I options to Volvo franchised dealers in the United States.
The products offered via the Darwin platform assist retailers in adding value to customers at any time during a purchase.
The digitalization of F&I options allows Volvo to offer personalized opportunities to enhance their purchase, improving the customer experience,” said Tony Nicolosi, president and chief executive officer of Volvo Car Financial Services. “The digital nature of this process follows our sustainability mission of reducing the use of paper.”
Dealers will have the opportunity to use the Darwin platform starting on Feb. 1.
“We are thrilled to have Volvo Car Financial Services as a preferred partner because they truly understand the importance of an integrated shopping experience,” Battista said.
“This partnership helps retailers educate customers about the value of F&I protection, placing Volvo at the front of the digital retailing game,” Battista added.