Help your customers purchase their next car with our Weekly Repayment Display
July 28, 2021
You already know what a repayment calculator or weekly payments are, so the critical question here is: Is your website’s repayment information compliant with your financier’s terms and conditions?
If you are unsure or the answer is no, keep on reading!
Acquiring, planning, and repaying car loans can be simplified by a weekly repayment display on your website. However, not all the finance information on dealer websites meet the financial institution’s requirements for providing the loan. This lack of clarity and transparency means that you could be displaying misleading information to car-shoppers visiting your website and impact your bottom line, leading to customer disengagement and frustration!
So, how do you know if you have a tool that enables you, as a dealer, to help your customers understand their weekly repayments quickly and simply and whether a vehicle meets their weekly budget?
Meet our new Weekly Repayment Display!
Our website team has made displaying weekly repayments easy by adding them to the search results and vehicle details pages (VDPs). Here is how they look like across both sections of your website:
The key information behind our Weekly Repayment Display.
A website with a finance focus should offer a financer-compliant module that allows you to set up the following fields on your website’s content management system (a.k.a, back end).
- Interest Rate
- Comparison Rate
- Term in Months
- Deposit Type
- Deposit Amount
- Disclaimer (Terms and Conditions) with ready to use Merge Fields
- One-Off Fees
- Monthly Recurring Fees
- Balloon Payment Percentage
- Any Exclusions for the Weekly Repayments Display (i.e. Used or Demo and Age of Vehicle)
These fields are, of course, determined by your financer and will likely change from time to time, so it is redundant to say that ensuring they are up to date will allow you to offer transparent information to your online shoppers every time!
Do you want to offer Weekly Repayments on your website?
The newly Weekly Repayment Display is available to all dealers on the DealerCell website platform. Fully managed customers can have this function turned on by contacting our support team via this link or calling us on 1300 66 11 33.
Self-mange website users can auto-enable this function by following the instructions in our step-by-step guide.
For more information about our Websites, please click here.