Turn Declines into Deals with Lender Switch
When a finance application is declined, starting again shouldn’t be the only option.
Our Lender Switch solution allows dealers to resubmit declined applications instantly to alternative lenders using the same data, without rekeying. Save time, convert more customers and provide a seamless finance application journey.
What is Lender Switch?
Lender Switch is an integration that helps dealers place declined finance applications more efficiently. When a finance application is marked as “unable to assist” in your Codeweavers Showroom system, Lender Switch allows you to submit that same application to other lenders or brokers on your approved panel, without having to re-enter the information.
In simple terms, it saves time and improves conversion by enabling declined or unassisted applications to be passed on to alternative finance providers you already work with, increasing the chances of securing finance for the customer.
Benefits to Dealers
Speed up Sales
Reapply to alternative lenders without restarting the process
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Speed up Sales
Reapply to alternative lenders without restarting the process
Create a frictionless journey for your customers after an initial application decline. With the Lender Switch journey, there is no need to re-key data, creating a faster journey to sale.
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Higher Conversions
Reduce drop off and keep customers engaged
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Higher Conversions
Reduce drop off and keep customers engaged
Easy second-string lender applications lowers customer drop off rates, keeping deals alive and improving overall sales.
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Improved Customer Retention
Retain and engage your customers after an initial decline
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Improved Customer Retention
Retain and engage your customers after an initial decline
Provide a simple reapplication journey designed to reduce customer frustration and application abandonment.
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Save on Admin Time
Seamless reapplication
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Save on Admin Time
Seamless reapplication
Resubmit finance applications to alternative lenders, without rekeying data, saving on vital admin time and keeping the deal moving forward.
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Lender Switch Demo
How to integrate Lender Switch?
Lender Switch is currently available within specific Lender workspaces. To understand if your chosen Lender has enabled Lender Switch, and how to integrate this new feature into your Showroom system, contact our team for support on cw.affiliation@coxautoinc.com.
Enquire about Lender Switch
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