Confident Financial Solutions and Axiom® Team Up to Help Protect Drivers from the Unexpected Costs of Future Car Repairs
CFS will begin offering consumers the ability to purchase and finance protection for their vehicle entirely online.
Boulder, CO: Confident Financial Solutions (CFS), is a consumer finance company that finances automotive repairs, has partnered with Axiom Product Administration (Axiom), an automotive finance and insurance (F&I) product company to help protect motorists from the stress and unexpected costs of future car repairs. CFS will begin offering Vehicle Protection and Roadside Assistance Plans administered by Axiom, on their easy-to-use, online loan financing platform.
Automotive repairs are increasingly expensive and a recent study by CBS News says that 63% of Americans are unable to handle a $500 car repair. CFS and Axiom have worked together to design a solution that solves this pain point. CFS will provide financing for any current car repairs and Axiom will offer protection plans that will help cover the expense of any future repairs.
“At CFS we are excited to work with Axiom to provide the first automated platform to sell and fund direct-to-consumer, extended warranty contracts. Not only are these the most comprehensive, best value, warranty contracts in the market, but they allow car owners to drive vehicles out-of-manufacturer warranty with the security that if something catastrophic breaks in the car, they are covered.” – Richard Counihan, CEO-CFS
CFS provides instant access to simple interest loans in four easy steps. A customer completes a loan application online, verifies the car they would like repaired, selects a repair facility and agrees to the terms of the loan. At checkout, a customer will be offered the option to purchase and finance a Vehicle Protection or Roadside Assistance Plan offered by Axiom, giving them peace of mind that their vehicle will be covered from future expenses. Each Vehicle Protection Plan offered by CFS provides major mechanical breakdown coverage on most makes and models 10 years or newer. Additionally, each plan includes 24/7 Sign & Drive Emergency Roadside Assistance, Rental Car Reimbursement and additional travel-related benefits that help motorists get back on the road quickly and safely.
“Repairs can quickly add-up, and we are excited to offer a consumer-friendly solution in partnership with CFS that immediately solves a pain point affecting over half of Americans. We, at Axiom, are always finding ways to deliver protection products that take a new and modern approach and this method meets that criteria.” – Mike Reth, CEO-Axiom.
Axiom’s consumer-facing Vehicle Protection Plan is powered by MOXA Protection, an industry leading e-commerce solution designed for customers to purchase and finance auto protection products entirely online. All MOXA vehicle protection products are available for financing through Confident Financial Solutions. Learn more at moxaprotection.com
Confident Financial Solutions (CFS) is a financial technology company providing point-of-sale automotive repair financing to consumers. CFS finances customer loans for car repairs through an online tool (http://mycfsapp.com) that, in a few simple steps, provides affordable simple-interest loans to people who need them. We have provided over $45M in loans to help people get back on the road. CFS also offers ancillary products like roadside assistance and vehicle protection plans.
Axiom has modernized the F&I automotive space by fusing new protection products with interactive technology for both the dealer and the customer. Our programs are backed by national, A-rated insurance carriers and in many cases, can be reinsured. Each Axiom product features COVI: Connected Owner Vehicle Intelligence, a customer engagement platform (mycoviapp.com). Connect with us at 844.252.0937, axiomadmin.com or follow us: @axiomproducts.