Fuel Capital Group announced an upgrade to its industry-leading Fuel Lease Origination System by delivering automated customer application decisioning and automated contract delivery. Dealers originating Fuel leases for Indian and Harley-Davidson motorcycles will immediately receive a tiered approval after entering a customer’s application. A dealer can then instantly request and receive a ready to DocuSign digital contract, thereby closing a transaction within minutes of application. Dealers are migrating to Fuel’s 100 percent digital contracting and automated solution at an accelerated pace.
Blake Henke, Fuel Capital Group Partner and Manager of Data and Analytics confirmed, “The analysis by our team demonstrated that delivering a zero-wait time decision, and a zero-wait time for contracts gives our dealer partners a unique closing tool with their customers. Feedback from dealers indicates far-improved dealer sales process and an improved customer’s experience at the dealership. The application of Fuel’s data-driven technology pays dividends in higher closed sales for the dealer, and higher dealer utilization rates of our program. Win-win.”
Mike Ackels of 469 Cycle Shop in Indiana explained, “Fuel’s auto decisioning and instant docs are exactly the glue we need to put our deals together. The customer is excited, ready to ride, and is approved and contracted on the spot. Its immediate. Beginning to end, we close deals within minutes. Our sales team is stoked – all they have to hear is, ‘yes,” from the customer, and ‘bam!’, DocuSigned and done!”
According to Jonathan Broven, Manager of the Dealer Development Consultant team with Fuel Capital, “Fuel’s focus on automation is a distinct competitive advantage for our dealer partners. There is no wait time. Dealers are always seeking help with the customer commitment sooner in the process – our automation helps lock down sales and helps inventory management. In my experience with other lenders, many open questions and tasks remain unanswered after an application is submitted. With Fuel, dealers don’t miss sales. Its done.”
“We put our Dealer Partners’ needs first, especially eliminating friction in their sales process through faster and easier processes. Quite simply, we just help them put more riders on more Harleys and Indians,” said Stephen Swain, Fuel Capital Group partner and CFO. “Dealers want a finance partner that decisions fast, closes deals fast, and pays predictably fast. We do that very well.”
Fuel Capital continues 2019 on a strong path, having partnered with over 100 dealers in 18 states: FL, GA, AL, NC, SC, VA, TN, KY OH, IN, IL, KS, MO, OK, TX, NV, AZ, CA. New states and dealers are being added weekly.
Link: Fuel Capital Group