SecureDrive NIDPP Enhancements coming
Based on feedback, we are excited to announce enhancements to the SecureDrive No Interest Deferred Payment Plan (NIDPP), launching March 24th 2020.
These new enhancements are designed to make it easier for your customers when signing up, while also ensuring continued success of this program at your dealership. The enhancements include:
- Optional down payment. Your customers can now either choose a down payment or finance the full amount of the contract, all at zero percent. FSM’s will be able to enter in the down payment amount in the LGM HUB.
- Simplification of payment frequencies (by eliminating weekly and semi-monthly) to bi-weekly and monthly payment frequencies.
- Maximum payment term will be capped to the earlier of either: (1) a max of 60 months or (2) the contract expiration date minus 12 months.
- NIDPP admin fees are being adjusted for all products, including the addition of MBP Essential, to ensure the longevity and success of this program:
| Product | Old Fee | New Fee |
| MBP/OMM | $200 | $250 |
| VLPP | $100 | $200 |
| PPM | $20 | $50 |
| MBP Essential (New Category) | n/a | $200 |
NIDPP is an easy way for your customers to purchase a contract by spreading the cost out over LGM’s finance term at zero interest.
For more information or any questions, please reach out to your LGM Dealer Development manager.