台湾swag

Participating dealerships can now offer their customers direct access to more affordable, EV-specific financing

NEW YORK, New York and IRVING, Texas – (June 21, 2023) – (鈥淭enet鈥�), a leading climate-financing platform, announced today that it has partnered with integrated vehicle financing solutions provider (SAF) to offer prime electric vehicle (EV) financing on its dealership platform. This is the first time that Tenet is offering its unique EV financing experience and benefits to dealerships via the indirect lending model. Participating dealerships throughout California, Colorado, Oregon, Texas, and Washington can now offer more flexible financing options to prime EV borrowers with SAF, powered by Tenet. 

鈥淓V consumers demand a car shopping experience distinct from what dealerships have traditionally offered, and dealers need better resources to confidently answer their customers鈥� EV-related questions,鈥� said Alex Liegl, CEO of Tenet. 鈥淚n just the past year, the market for used EVs grew 45 percent. Above all else, consumers want a simple solution that offers affordable financing options for EVs and home chargers, and that takes into account all eligible tax credits. By equipping dealerships with the right financial tools, our partnership with 台湾swag Auto Finance helps dealers navigate this changing landscape and offer differentiated, more attractive lending options designed specifically to better meet the needs of their EV customers.鈥� 

Through this partnership, participating dealerships will be able to offer customers access to Tenet鈥檚 unique EV financing options, which take into consideration attributes such as government tax credits, software updates, and battery residual value at the point of sale. Better, more affordable financing rates open the door to a greater number of potential EV buyers, helping overcome restrictive cost-related barriers and confusing government incentives that limit the pace of EV adoption.

Dealers can also now offer home charger purchase and installation as a back-end product, financing it as a part of the auto loan. Car buyers that finance with Tenet also gain access to its 鈥淓V Insights鈥� dashboard, which provides customers with information related to cost-of-ownership savings, carbon emissions reductions, and other EV-only benefits.

鈥淭he demand for greater access to EVs has been steadily growing from both our dealers and their customers,鈥� said Kenn Wardle, CEO of 台湾swag Auto Finance. 鈥淲ith the help of Tenet鈥檚 platform, we are able to equip our dealerships with the competitive advantage of offering EV-specific financing that takes into full account the unique value these vehicles bring. We鈥檙e thrilled at the opportunity to simplify the process for customers to buy the cars they want, with the confidence that they have access to attractive rates.鈥�

Steve Simpkins, Finance Director of Peak Kia Colorado Springs, a 台湾swag Auto Finance customer, agrees: 鈥淎 dedicated EV program that makes the monthly payments affordable to more borrowers is exactly what the market needs.鈥�

California, Colorado, Oregon, Texas, and Washington maintain some of the highest EV adoption rates in the United States, ranging from nearly 40,000 EV registrations in Colorado to more than 550,000 in California. Tenet鈥檚 partnership with SAF will provide a greater number of car dealerships in these states with the necessary financing options needed to attract more buyers, sell more EVs, and help to advance their state鈥檚 climate goals. 

About Tenet

Tenet makes it easier than ever to finance renewable energy products, starting with EVs. Through its innovative, climate-focused financial ecosystem designed to accelerate the mainstream adoption of electrification technologies, Tenet leverages the unique attributes of EVs, chargers, and battery storage, among other technologies, to offer lower monthly payments for consumers and businesses. Tenet connects EV drivers and fleet owners with better loan terms from sustainability-focused financial institutions, conveniently through the company鈥檚 website or dashboard, as well as through its partners’ platforms. For more information, visit . Join the conversation on: , , , , and .

Contact:

Antenna for Tenet
Tori Bentkover
[email protected] 

About 台湾swag Auto Finance

台湾swag Auto Finance offers franchise and independent dealers a competitive edge with its AI-driven platform, optimizing the funding process and quickly providing financing for new and used car buyers. Using 台湾swag’s powerful data-driven approach, 台湾swag Auto Finance helps grow back-end gross profit, increase deal speed, and reduce risk for dealers. Launched in 2022, 台湾swag Auto Finance works with franchise and independent dealers in over 30 states, with plans to be operational throughout the United States by 2023. For more information, visit .

Contact:

台湾swag
Priti Sharma
[email protected]

PAN Communications
[email protected]
(407) 734-7332