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Fifth Third Program overview

A detailed infographic-style representation of automotive financing, featuring elements like cars, financial documents, and approval stamps, with a sleek and modern design.

Fifth Third Program Quiz

Test your knowledge of the Fifth Third Program with our engaging quiz! This quiz is designed for those involved in the automotive finance industry and covers key aspects of the program that can impact your sales success.

Whether you're a seasoned professional or new to the field, you'll find valuable information about:

Approval processes
Product offerings
Policies and requirements
Customer qualifications

12 Questions3 MinutesCreated by DrivingData202

90 days to first payment is available on every approval.

True

False

Alex J comes into your store and purchases a 2018 Range rover. He is your favorite type of customer and buys the whole left side of your menu, and of course finances through Fifth Third. Here are the items he purchased: Tire &Wheel, Paint/Fabric protector, Key replacement, Warranty, Maintenance, Theft protection. Which products are included in your guaranteed $5k backend ? Select all that apply.

Paint/Fab

Tire and wheel

Key replacement

Warranty

Theft protection

Maintenance

What is Fifth Thirds maximum amount Financed Policy?

$100k plus allowable back end.

Call your DDR

100k

85k + allowable back end

What are the minimums for a qualified Fifth Third application? Select all that apply

660 score

24 months in fille

5 trade lines

Used car only

90% LTV

What is the Model year & Mileage policy for Fifth Third?

Current year- 10 up to 100k miles

2008+ up to 140k miles

2000+ up to 125k miles

Current year - 7 up to 150k miles

Approved: $23170.64 @60 months @4.74% buy rate. The Customer puts down an additional $1500 and contracts at 72 months. What is their buy rate?

5.09%

4.99%

4.64%

4.74%

Customer: Lauren K

Collateral: 2017 Mazda CX 5

Retail: $23760 Value

Approved $29675 for 60 months @ 3.50% buy rate

**CONTRACTED**

Line 5: $29675 @3.0% buy rate

What is the your flat as a standard dealer?

3% total amount financed

2.5% total amount financed

I'll wait for my funding recap

3.5% total amount financed

Sam B- elementary school teacher for 1 year, making $40k a year. 612 FICO, 23 months in file with 3 trade lines. $5k cash down looking to buy a CPO 2019 Cruze. Do you submit this deal to Fifth Third?

Yes

Call in and we will bureau shop whichever has the best score.

Trans union 9.0

Equifax 9.0

Fico 8

Applicant and Co-Applicant can be contracted in reverse order of approval without completing a deal update/refresh or submitting a new application.

True

False

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