Otolane partners with Autonum Capital and KM Plus to facilitate consumer loans and extended warranties to auction members

Otolane extends its digital automotive ecosystem by partnering with Autonum Capital, consumer finance specialist, and KM Plus, extended warranty specialist, to provide its members access to a more competitive toolset

MONTREAL, Jan.18, 2018 /CNW/ - Otolane is pleased to announce a partnership with Autonum Capital, consumer finance specialist, and KM Plus, extended warranty specialist, to provide its members with access to a more competitive toolset in order to assure retail deal closing and faster inventory turnover.

With over 12 years of experience in specialized auto finance, Autonum Capital supports Canadian auto dealers by offering a complete loan solution to F&I departments. Autonum boasts the highest credit approval rating, unique turn-key services, and an intensive F&I training program. Most notably, the company's services are available through Dealertrack, one of Canada's leading Dealer Management Systems.  

"We are introducing new products that are part of Otolane's mission to model a fully integrated ecosystem that will enable dealers to maximize the profitability of their operations in an efficient manner" Ralph Benatar, Co-President, Otolane.

"I am delighted with these partnerships and the growth they will generate" Claude Joyal, President, Autonum Capital, "the digital auction market is booming and Otolane has the technological expertise to take the lead."

In addition to partnering with Autonum Capital, Otolane also secured a partnership with KM Plus, an extended third-party warranty provider. KM Plus offers a number of extended warranty plans that meet or exceed original manufacturers warranties. The company allows for hassle-free transactions, providing more value for the used vehicle market. Otolane members will benefit from more competitive pricing across all packages in addition to Otolane-exclusive protection plans.

For more information about Otolane, Canada's fastest growing dealer-to-dealer digital auction, contact David Abitbol, Vice President of Operations at (888) 985 ? 0201.

About Otolane
With over a decade of experience in software development, value-building growth, corporate financing, successful exits, and IPOs, OTOLANE is backed by an established team and a product that will break all conventions. Designed from the ground up, OTOLANE is a leading dealer-to-dealer digital marketplace for buying and selling pre-owned vehicles. We facilitate the wholesale provisioning and selling process enabling dealers to sell more in less time through a real-time 60-minute online auction. OTOLANE's no-sale-fee model, coupled with integrated valuation tools, and hassle-free arbitration process has rapidly become one of Canada's favoured digital wholesale platforms. Our goal is to respond to today's dealers' need for comprehensive digital tools in order to reduce the risk associated with buying and selling pre owned vehicles online under a single and unified cloud environment. For more information about Otolane visit otolane.com

About Autonum Capital
With more than 12 years of specialized financing experience in the Quebec, Ontario, Maritimes and Alberta markets, Autonum specializes in the automotive finance industry. With one of the largest sales forces in eastern Canada, Autonum is continually developing new markets effectively. The company offers a multitude of programs to meet the different needs of its dealer partners. Autonum has the highest approval rating, a one-stop turnkey service for automotive merchants, an intensive training program for sales managers and auto dealers, and a marketing service that can propel customers to new heights. Autonum will put you in the drivers seat! For more information visit autonum.ca

About KM Plus Inc.
KM Plus is one of Canada's leading consumer extended warranty providers with over 18000 satisfied customers in the last 4 years. The company operates in the Maritime provinces, Quebec, Ontario, Manitoba, and expects to be active nation-wide by 2019. Focused on delivering peace-of-mind and superior customer service, KM Plus is rated amongst dealers as their preferred warranty partners. For more information about Otolane visit kmplus.ca

SOURCE OTOLANE