With Car loans from Stacc you can build several products to support different customer needs for financing of cars.
A rich selection of loan types, repayment methods, interest types, fees, calculation methods and capitalization frequencies make it easy to create various lending products to suit different customer segments and purposes.
Product details can be handled at the account level, allowing you to respond to new market conditions or to attract new customers, without altering existing customers or working with advanced customer segmentation.
Car loans supported
Fixed price loans
One of the world's biggest finance industries
From production to the end of life, a car is normally financed many times over, and although green thinking is on everyone's lips, the production of new cars is all time high due to changes in fuel and car types as well as constantly new technology.
The automotive revenues will significantly increase. However, there will be a shift in revenues from up-front to recurring business due to a shift from personal owned vehicles to lease and mobility solutions, delivered as a service.
In recent years, the car has developed into an increasingly large ecosystem for cross-selling other services in everything from insurance, roadside assistance, tyre hotels, car washes, petrol cards and petrol stations, a place where people can pick up pre-ordered groceries on the way home from work.
The demand for great customer experiences also requires that the new normal will be omnichannel, personal and fun. Consumer trends are also affecting the auto finance industry, such as:
Mobility as a service
Interests, fees and commission
Application process built in
Integration with content-based loan application
Scoring and KYC/AML built in
Integration with debt registers
Co-debtors, guarantors/collateral provider
3rd party plugins, e.g. insurance
Digital customer statements & archive
Administration of loan accounts and roles
Fully integrated ERP system