LEVERAGE partners with Ding Guard to offer non-interest income product for auto loans
06/30/2014 08:17 am
LEVERAGE and Ding Guard, a service of First Lenders Data, Inc., an Austin, TX-based automobile service contract provider, announce a partnership to provide Alabama and Florida credit unions with added-value service through Ding Guard, a leading product in automotive cosmetic reconditioning. Credit unions now have the opportunity to add value to member auto loan packages by protecting their purchase from day one.
Ding Guard is an automobile appearance service plan that uses a process called Paintless Dent Repair (PDR) to restore auto body exterior damage to its original factory condition without conventional methods like sanding, painting, or panel replacement. These cosmetic repairs help retain the vehicle's value without additional out-of-pocket cost to the consumer.
Ding Guard covers hail damage, dents, and dings up to 3.25 inches x 2 inches and all repairs are performed by a certified technician. Cost savings is also realized through faster repair times than traditional body shop cosmetic treatments, as well as leased vehicle turn-in costs. A limited lifetime warranty accompanies all repairs. For credit unions, it’s a great way to generate non-interest income and deepen their relationship with the member.
LEVERAGE website for more information on Ding Guard or to see a demo video.