Overview
With vehicle repair costs surging nearly 20% in 2023, many drivers are feeling the financial strain like never before. For dealerships, this presents a unique challenge and opportunity. Customers are seeking ways to afford repairs, and dealerships that offer access to easy, accessible financing can capture these sales while strengthening customer trust and loyalty. That’s where DigniFi comes in.
The Problem
Vehicle maintenance is a reality no driver can avoid. While common car repairs can run on average from $500 to $600, trends have been showing major repairs rising much higher. The rising costs of parts, expensive technology within the vehicles, aging cars, and labor costs have steadily raised the costs of repairs for the average consumer.
As a result:
- Simply hitting a deer can cost “$1,500 to $2,000 more in repairs today than it did 15 years ago” (CNBC Article).
For dealerships, these trends mean potential lost revenue, lower customer satisfaction, and diminished loyalty when customers walk away due to unaffordable repairs.
The Solution: How DigniFi Changes the Game
DigniFi offers access to a fast, easy financing solution tailored to meet the needs of customers and dealerships alike. By providing repair loans and access to financing options directly at the service desk, DigniFi empowers dealerships to:
- Capture Lost Revenue: Instead of losing customers to financial constraints, dealerships can close sales and provide immediate service.
- Enhance Customer Satisfaction: Drivers get the repairs they need, when they need them, without financial stress.
- Drive Upsells: With financing, customers are more likely to invest in premium services, additional repairs, or extended warranties.
Proven Results with DigniFi
Dealerships partnering with DigniFi have seen measurable success in addressing customers’ financial concerns:
- Higher Average Repair Sales: Financing encourages customers to approve larger repair jobs or comprehensive maintenance packages.
- Increased Loyalty and Retention: Customers are more likely to return to dealerships offering easy payment solutions.
- Reduced Walk-Offs: Financing ensures that cost doesn’t drive customers away, keeping service bays full and technicians busy.
Why Financing Matters More Than Ever
As repair costs continue to rise, offering financing isn’t just a convenience—it’s a necessity. With many drivers feeling the financial pressure of rising repair costs, dealerships have a unique opportunity to position themselves as problem-solvers for their customers.
DigniFi bridges the gap between affordability and accessibility, helping dealerships turn a challenging market into a thriving one. By meeting customers where they are financially, DigniFi doesn’t just help dealerships grow—it ensures that drivers can keep their vehicles safe, reliable, and on the road.
With DigniFi, you can help your customers navigate rising costs, enhance their experience, and strengthen your bottom line.
*All DigniFi credit products are issued by WebBank.
