Rising vehicle costs are now a delinquency and repossession risk.
Average Monthly Payment
$767
Auto loan payments are at record highs
The average new vehicle monthly payment reached $767, up nearly 30% since 2020, pushing borrowers to the edge of affordability.
Delinquency Rates
3.88%
Delinquencies are at post-recession levels
Auto delinquency reached 3.88% with over 1.73 million vehicles repossessions, driving significant recovery costs and losses for lenders.
Why lenders choose Flex.
Keep borrowers current and reduce delinquency.
Flex keeps borrowers on track with manageable monthly payments, reducing the risk of missed payments before they become a problem. The result is a 0.5% 30-day delinquency rate that protects lender portfolios and reduces costly repossession and recovery.
Get paid in full, on time—at no cost to lenders*.
Lenders receive their full payment when it's due. Flex handles the split on the borrower side, so there's zero financial risk and zero operational cost to the lender's business.
Strengthen the borrower's
relationship beyond the sale.
relationship beyond the sale.
Auto loan borrowers typically have limited contact with their lender between origination and payoff. Flex creates a recurring, valued touchpoint that keeps borrowers engaged throughout the life of their loan—building familiarity and trust that positions your institution as the natural first call when they are ready for their next vehicle purchase or financing need.
$25B in bills paid annually.
75%
of customers desire flexible payment options to better manage monthly cash flow.
92%
of users attributed Flex to positive long term financial health.
77%
of users attributed Flex to a significant improvement in their ability to manage finances and pay bills.
A win-win for lenders and borrowers.
For the provider
With Flex, the monthly loan payment is received in full, when it’s due. Get up and running fast, with zero technical lift.
For the customer
With Flex, monthly payments are split into two: the 1st when the bill is due and the 2nd later in the month.
Secure upfront, on-time payments with Flex.
