MISSISSAUGA, ON, Nov. 11, 2021 /CNW/ - Axis Auto Finance Inc.
("Axis" or the "Company") (TSXV: AXIS), a financial technology
company changing the way Canadians buy and finance used vehicles,
announced today the launch of DriveAxis.ca, a Direct-To-Consumer
portal enabling customers to purchase and finance their vehicles
without leaving home.
DriveAxis.ca is a fully digital e-commerce solution transforming
the used car buying experience. Customers have access to thousands
of vehicles, can get instantly approved for financing and have
their vehicle delivered, all without leaving their home.
Through its ever growing, coast-to-coast network of over 1,500
dealer partners, DriveAxis.ca can offer unparalleled inventory of
vehicles at guaranteed best prices. The digital customer journey
enables the user to choose the vehicle, financing terms and
aftermarket products they prefer, anytime and from anywhere. The
vehicle is subject to a thorough safety inspection, after which it
is conveniently delivered to the customer. If the customer is not
completely satisfied with the vehicle, DriveAxis.ca provides the
customer with complete peace of mind through a 7 day/500km return
or exchange guarantee.
For Dealer Partners, DriveAxis.ca offers an additional,
complimentary sales channel. Dealers list their inventory for free,
pay no client acquisition cost and no sales commissions.
DriveAxis.ca informs the dealer once one of their vehicles is sold
and arranges a pick-up at a convenient time. Dealers get paid full
retail price for the vehicles.
As successfully demonstrated in the US used vehicle market,
digital retail is the next step in the evolution of the car buying.
DriveAxis.ca brings the same values to Canada, it streamlines the car buying and
financing experience while offering clients choice, transparency
and convenience: The Online Way to Buy a Used CarTM.
About Axis Auto Finance
Axis is a financial technology company changing the way
Canadians buy and finance used vehicles. Through our
direct-to-consumer portal, DriveAxis.ca, customers can choose their
next used vehicle, arrange financing and get the car delivered to
their home. Through its indirect loan origination channels, Axis
continues to provide alternative used vehicle financing options to
roughly 30% of Canadians (Source: Equifax) that have credit scores
in the non-prime range. All Axis auto loans report to Equifax,
resulting in over 70% of customers seeing a significant improvement
of their credit scores. Further information on the Company can be
found at
https://www.axisfinancegroup.com/investors-press-releases/.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this press release. Neither the Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the Exchange) accepts responsibility for the adequacy
or accuracy of this release.
SOURCE Axis Auto Finance Inc.