What Dealerships Need to Know About Electronic Signatures

by Dealertrack on October 10, 2019

In the year 2000, Tiger Woods became the youngest golfer to win a career Grand Slam, the original Mini ceased production, and the U.S. passed the E-Sign Act (Electronic Signatures in Global and National Commerce) ensuring that electronic signatures can be valid and legally binding. Even though 19 years have passed since then, confusion about the...

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How econtracting can improve your dealership’s bottom line

by Dealertrack on October 3, 2019

When a dealership is considering a switch to electronic contracting from traditional paper contracts, it’s important for them to figure the value they’ll receive from modernizing their processes. Some paper contract expenses are easy to identify: Paper, ink, toner Maintenance of copiers and fax machines S...

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Improving On Your Paper Contracting Workflow

by Dealertrack on September 19, 2019

When it comes to switching from paper contracts to eContracting or digital contracting, some dealerships have a hard time letting go of the workflows that they are used to. Even when they realize that their paper contract workflow is full of disruptions, inconveniences and expenses, it takes a mindset change to make the switch. Let’s take a lo...

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3 Reasons Your Dealership Should Be Digital Contracting

by Dealertrack on September 12, 2019

We all know that digital contracting is the wave of the future and that its big-picture benefits include speeding up funding, increasing accuracy and compliance, and virtually eliminating re-contracting. But how about the everyday improvements you’ll enjoy when you use less paper in your contract process? 1. No one’s ever gotten a pa...

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Expedite Contract Processing Regardless of Workload

by Dealertrack on August 13, 2019

eContracting has made it so indirect auto lenders can process contracts and fund their dealers faster. Unfortunately, many dealers haven’t given up the paper contracting habit yet, so lenders must find ways to beef up their contract processing on two fronts. It can be a challenge for lenders to deliver faster funding for paper contract package...

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CBA Live: The Time for eContracting is Now

by Dealertrack on May 8, 2018

Andy Mayers, Dealertrack Lender Solutions strategist, recently participated in a panel discussion at retail banking industry event CBA Live. The conversation focused on dealer motivations, eContracting, operational efficiencies and internal dealer is...

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The Three Pillars of eContracting

by Dealertrack on January 5, 2018

Even in the age of digitization and tech-savvy millennials, many dealerships still rely on long and laborious paper contracts for F&I processing, as well as the error-prone approach of manual data entry. However, with more millennials becoming car buyers, and older generations also demanding a better online and in-store shopping experience, now...

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Three Questions to Ask About eContracting Technology

by Dealertrack on January 3, 2017

Few technology solutions solve a pressing retail issue as efficiently and precisely as electronic contracting.Indeed, virtually every aspect of the contract process is improved through this technology, starting with an improved consumer experience, and ending with a streamlined workflow between dealership and lender. eContracting is a s...

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Key Dealertrack Technology Solutions

by Dealertrack on December 23, 2016

Let’s face it: the business of automotive retail is changing.Today, car buyers spend more time shopping online and less time going to dealerships; when they do walk into a showroom, it's likely that they know what they want, right down to the amount of time they're willing to spend on the deal. That's where good technology helps,...

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