MenuVantage Enables Electronic Contract Submission of Interest-Free Payment Plans for Service Contracts through Partnership with Service Payment Plan
MenuVantage, (www.menuvantage.com) the market's premier web-based menu selling system, today announced that Service Payment Plan (SPP) has joined its nationwide network of active F&I providers. SPP is a leader in administering interest-free payment plans for service contracts on new and used vehicles for both manufacturer and independent service contract providers in the United States and Canada. MenuVantage will enable auto dealers to offer these payment plans to car buyers and submit the contracts electronically, keeping the submission process paperless and hassle-free.
Orlando, FL (PRWEB) November 19, 2007 -- MenuVantage, (www.menuvantage.com) the market's premier web-based menu selling system, today announced that Service Payment Plan (SPP) has joined its nationwide network of active F&I providers. SPP is a leader in administering interest-free payment plans for service contracts on new and used vehicles for both manufacturer and independent service contract providers in the United States and Canada. MenuVantage will enable auto dealers to offer these payment plans to car buyers and submit the contracts electronically, keeping the submission process paperless and hassle-free.
Making vehicle service contracts affordable without paying any interest is an option many consumers appreciate and a great way to dynamically increase sales. The SPP payment plans can range from twelve to eighteen months in length, depending on the term of the service contract. All customers that purchase a vehicle with cash, outside financing or limited financing, can benefit from SPP's 0% interest monthly payment option.
MenuVantage enables dealers to take full advantage of these interest free plans in the sales office, F&I Office and service drive, with a sales tool built right into its F&I Menu Selling Software and ServiceMenu products
"I am excited about our relationship with MenuVantage as it makes it much easier and more efficient for dealers to do business with SPP and benefit from our interest free payment plans for service contracts," commented Robert Hymen, SPP President.
Commenting on the relationship Phillip Battista, MenuVantage Co-CEO stated; "We believe this relationship will benefit our customers by bringing another opportunity to generate greater profit, not just in the F&I office but also in the service drive."
MenuVantage provides dealers with superior F&I tools to ensure compliance and increased gross profit. The system offers F&I Departments the most advanced technology available on the market including electronic submission of warranty and F&I products to providers, real time service contract rating for over 50 providers.
MenuVantage has seen a strong increase in market presence and currently processes more than 100,000 deals per month for over 4000 users at automotive dealerships in all 50 states nationwide and Canada; the average deal with MenuVantage produces $903 per unit compared to $633 per unit without the system - a 30% increase in revenue.
About Service Payment Plan:
Service Payment Plan, Inc. (SPP) is a privately held Chicago-based corporation that provides an interest-free payment plan to pay for extended vehicle service contracts.
Since 1983, SPP has been the leader in administering interest-free payment plans for service contracts on new and used vehicles for both manufacturer and independent service contract providers in the United States and Canada including the following: American Honda Finance, American Financial, American Automotive Services, Auto Guardian, APCO, A.U.L., CNA National, Coverage One, Coast To Coast, EFG, Gulf States Toyota, GE, General Motors Protection Plan, General Motors Canada, JM&A, National Auto Care, Phoenix American, Prizm, Southwest RE, The Warranty Group, Toyota Financial Services, United Car Care, Universal Warranty, USP, Western Diversified, Western General, Wynn's, and Zurich.
The payment plans can range from twelve to eighteen months in length, depending on the term of the service contract. Electronic debit to checking account, savings account, or using a credit or debit card keeps the payment plan paperless and hassle-free.
Extending time to pay for an expensive but valuable product, like a vehicle service contract, without paying any interest, is an option many consumers appreciate. All customers who purchase automobiles with cash, outside financing, or limited financing benefit from the Service Payment Plan's 0% interest monthly payment option, and drive away from the dealership with peace of mind knowing they are covered from unexpected repair costs.
For more information call Robert Hymen @1•800•346•5990, e-mail roberth @ sppinc.net or visit www.sppinc.net
About MenuVantage (www.menuvantage.com):
MenuVantage, based in Orlando, FLA, provides automotive dealers with best in class F&I tools to ensure compliance and increased per unit profit. The MenuVantage system offers F&I Departments the most advanced technology available on the market today to increase F&I sales. It is also capable of the electronic submission of warranty and F&I products to providers, real time service contract rating, and the dynamic printing of documents on regular paper.
Founded in 2003, MenuVantage has enjoyed tremendous growth and currently services more than 4,000 users at automotive dealerships in all 50 states nationwide, processing more than 100,000 deals per month. MenuVantage has developed a system that not only assists dealers in the F&I office, but also Providers with contract administration making the system a truly end to end business solution. Over 50 providers currently enjoy the benefits of the MenuVantage platform including Protective, A.U.L Corporation, LOTS, Cal-Tex Protective Coatings, SouthwestRe, CNA National, EasyCare, GE, American Financial Automotive Services, and Safeguard. MenuVantage can be reached on the web at http://www.menuvantage.com.
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