Partners :
Expand Access to Auto Loans
Before Buyable, auto lending was filled with risk for banks, credit unions, and captives: the risk of approving bad borrowers and denying great borrowers, risking more capital per loan due to rising car prices, the risk of unforeseen borrower financial challenges not captured by credit score, leading lenders to tighten lending standards and lend less.
Buyable protects lenders against the multitude of risks the face in the auto lending market, so they can lend with confidence to a broader range of credit-worthy borrowers.
First-Time & Non-Prime Programs
Originations with data beyond credit score
Over 25 categories of credit, financial, and vehicle collateral data analyzed in seconds.
Integrated with all indirect lending systems
No integrations neccessary as Buyable will insure deals through current indirect lending channels.
Direct lending integrations with just a few lines of code
For direct lending, Buyable is easily embedded into a lenders auto loan application processes.
How it Works
Select Coverage
Choose either default insurance, payment insurance, or both that can be applied to prime portfolios, non-prime portfolios, or both. Buyable specializes in helping prime and super-prime-only lenders add first-time car buyers to their portfolios.
Insurance is automatically applied to prime-rate loans. For non-prime and first-time car buyer loans, Buyable's technology will curate deals that fit the target risk and ROA across indirect or direct lending networks.
Lenders will file default insurance claims, and borrowers will file claims for payment insurance, all online and paid directly to the lender. Buyable is backed by "A" rated insurance paper.
Credit Agnostic
We leverage AI and ML to analyze credit, cashflows, and vehicle data to create and insure the best first-time car buyer and non-prime auto loans.
Product Differintiation
Standout amongst auto lenders by providing borrower protections as a component of your loans.
Increase Customer Loyalty
Says "yes" when other lenders say "no" and build relationships with credit-worthy first-time car buyers.
Decreased Defaults
Minimize or remove default costs to your balance sheet by moving risk to Buyable.
Increase Approvals
Buyable's insurance and technology helps increase approvals by up to 47%.
Recognize More Revenue
Grow auto loan profits from increasing volumes and spending less on defaults.
