In the Buy Here Pay Here (BHPH) industry, “ghosting” is a common issue—when borrowers fail to respond after missing a payment. This can significantly impact a dealership’s portfolio. However, through decades of experience in consumer and small business lending, Nitro’s founders discovered that proactively reaching out to borrowers before missed payments occur can dramatically improve…

In today’s fast-paced automotive industry, dealerships must evolve to keep up with modern consumer expectations and mitigate significant financial risks. Yet, many Buy Here Pay Here (BHPH) dealerships remain tethered to outdated underwriting practices that expose them to potential fraud, delinquency, and defaults. From collecting potentially altered physical bank statements and utility bills to relying…

It had found an ally in M. Motors, a established BHPH dealership in Florida. Patty, finance manager at M. Motors, mentions that Nitro’s tech has become a game changer as far as deal approvals are concerned: “With Nitro, I can underwrite and approve great deals with confidence”. Feeling Good with More Real-Time Data Nitro’s nSpect…

“How Nitro’s KYC Technology Boosted Lead Conversion by 20% for Auto Emporium” Auto Emporium has seen a remarkable shift in its lead conversion rates since adopting Nitro’s KYC technology. Shawn, owner of Auto Emporium notes, “Nitro has helped increase lead conversion by over 20% with its KYC technology.” By implementing Nitro’s pre-screening of leads, sales…

Nitro is thrilled to announce two significant feature updates designed to amplify customer engagement and strengthen dealership risk management: the introduction of a Spanish-compatible version of our dealer application and the rollout of an enhanced Bank Monitoring Alerts feature. These features reflect Nitro’s dedication to responding to customer feedback and optimizing dealership operations. The Spanish…