Solera Auto Finance Builds Momentum and Advances to 20 States Within Two Months of Launch | News


Driven by its strong offering, SAF continues to indication dealer agreements and fund loans

WESTLAKE, Texas, May possibly 26, 2022 /PRNewswire/ — Integrated auto funding alternative supplier Solera Car Finance (SAF) is setting up momentum and bettering its have first development estimates in history time. Buoyed by its effectively-been given start in March of this year, SAF is previously nicely-positioned in the employed auto finance market, signing vendor agreements and funding loans in just two months of its introduction. SAF now declared the upward revision of its short-time period targets in the face of this accelerated sector adoption.

Solera Vehicle Finance (SAF) is setting up momentum and bettering its personal first advancement estimates in report time.

“We have a strong offering, a enthusiastic workforce, and a powerful community that is increasing on a daily foundation. Solera Automobile Finance prepared to launch at first in seven states and add about a dozen more in the upcoming six months. I’m proud to say we have made quick inroads with sellers and shoppers in a history time. SAF is previously operational in 20 states within two months of its start. Dependent on our accelerated expansion and general performance, we are revising our short- and prolonged-time period growth targets and now prepare to be operational in all 50 states in just the next 1 year,” commented Kenn Wardle, CEO, Solera Car Finance.

SAF stages the enjoying area for dealers, enabling them to give the similar seamless working experience with a ‘captive-like’ financing option that rivals even the most distinguished utilized-car disrupters.

“We are fulfilling our assure of enabling impartial and franchise automobile sellers to provide aggressive-amount automobile loans to the non-prime section of utilised vehicle prospective buyers. By the yr-close, we be expecting to lengthen our supplying to the total spectrum of utilized-car potential buyers. Apart from lowering running expenses, SAF’s commercial value proposition for used car sellers is created to positively affect the automotive field, create a seamless journey for vehicle potential buyers, speed up the financing and funding processes and supply a remarkable vehicle-shopping for expertise,” added Wardle.

SAF provides a new competitive financing solution that completely integrates with Solera’s Vendor Administration Techniques (DMS), including Automobile/Mate for franchise dealers and IDMS for unbiased sellers.

Amongst SAF’s very first shoppers is Virginia-based dealership City Auto Brokers. Rena Bateman, Typical Manager, City Auto Brokers mentioned: “What captivated us to Solera Vehicle Finance was their uncomplicated funding solution with an all-digital, on the web alternative and aggressive financing rates. We are enthusiastic to collaborate with a firm that is uncomplicated to attain and impressed by the tailored support supplied to us at just about every step in the approach. Based on our conversation, this is the key differentiator of why we feel Solera Automobile Finance is generating swift inroads in the applied auto finance segment.”

Having expanded to 20 states, SAF is by now actively recruiting in other people for its superior-speed rollout. In the current, remarkably competitive made use of auto sector, SAF will empower dealers to interact new clients with a rapidly, simplified lending solution for consumers and dealers. With its goal-developed financing resolution, car or truck prospective buyers can receive financing conclusions in seconds. SAF will also fund the supplier appreciably speedier than the existing course of action, which can get various days for numerous franchise and independent sellers. As SAF’s AI-driven technology carries on to experienced, vendor funding time is envisioned to shrink to mere hrs.

Dealers who choose edge of Solera Automobile Finance will also qualify for a unique rewards program that can minimize or get rid of their Solera DMS answer fees. 

Aspects about the software, which include how to enroll, are available at or via e mail: [email protected]

About Solera 

Solera is the international chief in vehicle lifecycle administration software program-as-a-assistance, details, and services. Via four lines of company – vehicle promises, car or truck repairs, car methods and fleet methods – Solera is house to many top makes in the auto lifecycle ecosystem, like Identifix, Audatex, DealerSocket, Omnitracs, LoJack, Spireon, eDriving/Mentor, Take a look at, cap hpi, Autodata, and many others. Solera empowers its shoppers to triumph in the electronic age by providing them with a “just one-quit store” answer that streamlines functions, gives facts-pushed analytics, and boosts client engagement, which Solera thinks will help prospects generate product sales, advertise consumer retention, and strengthen revenue margins. Solera serves in excess of 300,000 world-wide buyers and partners in 100+ international locations. For a lot more info, go to

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Source Solera Holdings, Inc.

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