Solex, RouteOne Partner to Connect RV Dealers with Lenders Nationwide

IDAHO FALLS, Idaho--Solex, a complete online F&I solution for RV dealers, announced today a partnership with Farmington Hills, Mich.-based RouteOne LLC, which offers complete F&I services to auto dealers nationwide, to integrate the Solex RV lending portal with the RouteOne lender network. The partnership gives more than 250 lenders currently on the RouteOne auto network easy access to a comprehensive solution for indirect RV lending.

RouteOne was formed in 2002 by Chrysler Financial, Ford Motor Credit Company, GMAC, and Toyota Financial Services to provide auto dealers nationwide a central portal connecting them to lenders. Through this alliance, RV dealers will be able to use the Solex lending portal, which offers automated, immediate loan approvals, an aftermarket selling solution and compliance and document services, to access to a wider network of lenders offering competitive terms and financing options.

“Our partnership with Solex gives RV dealers the best of both worlds,” said Mike Jurecki, CEO of RouteOne. “They receive F&I services in a system built specifically for the demands of RV lending along with access to the expertise and nationwide lending network RouteOne has built for auto dealers.”

Through this partnership, RouteOne and Solex will offer an instantly integrated solution for lenders looking to expand or increase their RV lending presence in a way that is uniquely beneficial to dealers. Solex provides dealers all the documents necessary for each loan package, including lender, state, dealer and after-market documents. Solex also saves dealers the need to maintain expensive document libraries, eliminates the need to purchase specialty printers for the documents and saves time on selecting the proper documents.

“Solex is a complete solution, combining the DMS integration, the credit bureau integration, the lender integration, an after-market menu and a document engine that creates a complete compliant loan package,” said John Walsh, CEO of Solex. “By integrating with RouteOne, Solex now becomes an easy solution for lenders with tight IT budgets. This partnership sets the stage for revolutionizing dealers’ F&I offices at a time when dealers really need to maximize their revenue and watch every dollar they spend.”

About RouteOne

RouteOne was formed in 2002 by Chrysler Financial, Ford Motor Credit Company, GMAC and Toyota Financial Services to create a more streamlined credit application for automobile dealers and their customers. Providing access to more than 21,500 dealers in North America, RouteOne's Web-based system allows automotive dealers to submit credit applications to the largest indirect lenders, request credit reports and increase profitability with RouteOne's free Dealer Reporting Suite. RouteOne offers dealers a common platform for all their credit application financing needs. More information is available at http://www.routeone.com/.

About Solex

Solex (Idaho Falls, Idaho) is an online lending solution that was designed for dealers and provides Finance and Insurance (F&I) managers with instant loan approvals, an aftermarket menu solution and compliant loan documents. Solex connects dealers, credit bureaus and lenders in a seamless integration to provide multiple financing options within seconds. All loan documents are guaranteed to be in compliance with lender and state guidelines and are compatible with all laser printers. Additional information about Solex is available online at www.solex.com.