Fintech FIX4 set to transform auto repair loan market
TORONTO, March 17, 2021 /CNW Telbec/ – New Canadian retail finance startup FIX4 Capital has joined the “Buy Now, Pay Later” boom by offering instant online loan approvals so customers can take advantage of payment solutions flexible for any car repair and maintenance estimate. With no credit check or income verification, customers can instantly find out their maximum eligible loan amount simply by providing basic vehicle details (make, model, year and mileage) on a DLP. [Digital Lending Platform].
The founding team of FIX4, which includes the former President and CEO of ADESA Inc., Stephane St-Hilaire, and former Vice President and General Manager at autoTrader.ca, Chris Harvey brings extensive experience in product design, fundraising, networking, sales and marketing. CEO of FIX4, Tave Della Porta, a fintech and automotive industry veteran, understands the need for competitive borrowing costs and affordable interest rates. With rates comparable to most major credit cards, FIX4 aims to reduce refused or delayed jobs and ensure customers can get back on the road safely. “We fundamentally believe that everyone should have equal access to affordable and flexible financing when it comes to getting their car repaired. We entered the market looking to disrupt high interest lenders. Our rates are also low for everyone, regardless of their credit or income situation. We have no hidden fees and no gimmicks. Depending on the value of their car, anyone can get a loan from $500 at $7,500 with terms of up to 36 months”, added Della Porta.
Car owners often forgo repairs due to a lack of access to funds, which has a direct impact on auto repair center revenue and performance. “We believe that what is best for the customer is best for the company” said Della Porta. “Affordable and flexible auto repair financing is something that garages, collision centers and dealerships can get because it means customers will be happier knowing they can count on reasonable prices as much as they can on quality work”.
“We are looking to set a new industry standard with our business model. In an instant, registered service centers and their customers can complete the onboarding process seamlessly. This is the fastest financing service, the cheapest and most transparent available in the industry.The FIX4 team of investors, board members and executives is a group of accomplished entrepreneurs and seasoned automotive executives with impressive track record of creating quality technology solutions that transparently and ethically deliver value to their business partners needs and enhancing the ability of our registered service centers to offer payment options on any work order . » noted Stephane St-Hilaire, Member of the Board of Directors at FIX4 Capital.
Dealerships and auto repair centers interested in learning more about the FIX4 auto repair financing program for their customers can call us at 1-855-931-3494 or visit fix4.com
About FIX4 Capital Inc.: Fix4 Capital is an independently funded fintech company that provides auto repair loans to consumers through its proprietary software and network of repair service centers. With FIX4, registered service centers can increase revenue and improve overall customer retention. FIX4 has offices in Toronto, Ontario & Montreal, Quebec Canada.
SOURCE FIX4 Capital Inc
For further information: Derek Lloyd, Chief Operating Officer, [email protected]