Monday, Nov. 19, 2007, 07:00 PM UPDATED 11:59 AMBy Nick Zulovich
ORLANDO, Fla. — MenuVantage recently announced that Service Payment Plan has joined its nationwide network of active F&I providers.
According to officials, 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 U.S. and Canada.
MenuVantage said by adding SPP to its lineup, it can enable dealers to offer payment plans to car buyers. The contracts can be submitted electronically.
The SPP payment plans can range from 12 to 18 months, 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 zero-percent interest payment option, executives noted.
"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's rresident.
Phillip Battista, MenuVantage co-chief executive officer, added, "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."
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