Octane Enters RV Market

By Staff Writer September 22, 2022

Following its recent expansion into tractors and trailers, the RV segment is the third new vertical in 2022 for Octane Lending Inc., a fintech firm.

The RV market is a logical progression for the company given Octane’s success in the adjacent markets of Powersports and Outdoor Power Equipment (OPE) and the RV industry’s paucity of available digital tools.

By combining cutting-edge technology with innovative risk modeling and superior service, Octane delivers a seamless, end-to-end buying experience that speeds up transactions to benefit customers, dealers, and OEMs alike.

Octane adds value at each stage of the customer journey. Customers can shop with confidence using Octane Prequal, the company’s e-commerce tool that provides an instant financing decision through its in-house lender, Roadrunner Financial Inc., with no impact to a customer’s credit score. Octane’s digital financing platform enables customers to upload documents and complete their applications online before ever walking into a dealership, which saves time at closing. Additionally, through its in-house loan servicing arm Roadrunner Account Services, Octane supports customers through the life of each loan.

 “We’re excited to transform buying in the RV market with our seamless user experience,” said Jason Guss, CEO of Octane. “By expanding into RVs, we’re better able to deliver on our mission to connect people with their passions and make lifestyle purchases fast, easy, and accessible.”

Octane also supports dealers and OEM partners by enabling consumers to prequalify for financing on dealer and OEM websites, bringing web visitors into the transaction flow and driving incremental, qualified buyers to dealerships for a superior digital-to-retail experience.

Furthermore, for select strategic partners, Octane customizes its proprietary technology platform and tailors its lending and servicing capabilities to enable partners to better support their own customers.

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Last modified on Thursday, 22 September 2022 01:07