Federal Reserve announces emergency meeting on auto lending regulations • Click for details

Vehicle Sales

0
+ 0 %

AFN Composite Index

0
+0.44%

Consumer Sentiments

0
+ 0 %

SOFR

0
+ 0 %

APR 48 Mos.

0
+ 0 %

NMAC Excels in ‘Undercover’ Borrowing Investigation

Auto Finance News

PERSONAL ATTENTION: THE GOOD

canstockphoto12743625Many of the company responses were timely and tailored to individual inquiries, addressing the customer by name, as well as offering a follow-up email address, phone number and employee reference. The top three companies this year stood out by the effort they put into handling a general inquiry. Shane, from NMAC’s Live Chat, answered the question fully and further inquired about the desired vehicle. He followed up our chat with an email that contained additional information and a reference to a dealership in the area, which carried the desired car in the desired color. “I am sure they [the dealership] will take great care of you going forward, but should you have any additional questions, please feel free to reach us at … You may also chat with us 7 days a week from 9 AM to midnight EST. At Nissan, we are committed to the highest level of customer service.” Yes, Shane, you are. Furthermore, we received several follow-up emails from the dealership, insisting that our Nissan Altima in Storm Blue is “waiting.”

Neither Bank of America nor Citizens offered email correspondence for general inquiries on vehicle financing. However, that did not prevent either bank from providing personalized customer service. Ruben from BofA’s Live Chat provided some insights into loan rates for new and used vehicles, provided links and offered to stay online while our shopper completed the loan application. The employee who handled Citizens Bank’s Twitter account first asked if we were out of the country — our answer was: sure, why not — then promised to have “someone from the chairman’s office” contact us. Our shopper got an email with a hand-signed personal letter attached the next day.

MYSTERY SHOPPER EXPERIMENT

PERSONAL ATTENTION: THE NOT-SO GOOD

BELLS AND WHISTLES

WHAT DO CUSTOMERS WANT?

FINAL TALLY: MYSTERY SHOPPER

Related Posts

Bank of America consumer vehicle net charge-offs tick down

Aidan Bush

CarMax Auto Finance originations down 1.5%

David Thompson

Wells Fargo Auto originations soar 110% YoY

David Thompson

Chase Auto originations down 3% YoY

David Thompson

Subscribe To Our Email Newsletter

Join industry professionals who start their day with our curated auto finance news.

* indicates required

By clicking submit below, you consent to allow Auto Finance News (Royal Media Group) to store and process the personal information submitted above to provide you the content requested.

For more information please visit www.royalmedia.com/legal.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices.

Sponsored

Tesla announces new fleet financing program

EV Finance

Subscribe to Our Newsletters

PowerSports Finance - Monthly coverage of the powersports lending market