Why Now is the Time for Auto Lenders to Go Digital

by Dealertrack on June 18, 2020

Over the past several years, the paperwork and manual processes for handling auto loans have been gradually giving way to technology-based processes. But this year has changed everything. In the wake of the COVID-19 pandemic, digital solutions have quickly moved from “nice to have” to “vital” for both dealers and lenders. Consumers have...

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Best Practices for Remote Signing

by Dealertrack on June 4, 2020

Dealerships have made impressive strides in responding to the restrictions imposed by stay-at-home orders and social distancing rules by adopting tools that allow them to work with customers remotely. One vital part of that process is remote contract review and signing. With a growing percentage of deals starting online, remote signing followed...

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3 Reasons Lenders Shouldn’t Wait to Start eContracting

by Dealertrack on January 30, 2020

Still wondering if you should be using eContracting for your auto loan originations? Let’s examine some of the reasons lending institutions should already be using eContracting or digital contracting. 1. eContracting is the new standard It’s no longer a matter of if you should be using eContracting: the industry has alrea...

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12 Reasons to Start eContracting Now

by Dealertrack on December 19, 2019

As more and more dealerships adopt eContracting, you might be wondering if now is the time for your dealership to look into getting or using an eContracting solution. The fact is, there’s no good reason not to use eContracting today for your lenders that currently accept it. When you adopt and use eContracting with your current lenders, you be...

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Less Paperwork Equals More Customer Satisfaction

by Dealertrack on December 6, 2019

We live in a world where purchase transactions keep getting faster and more convenient. Consumers are accustomed to ordering coffee with an app and having it waiting when they arrive, getting next-day or even same-day delivery from Amazon Prime, and pulling up to Target or Walmart to have merchandise they ordered loaded directly into their cars....

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Why eContracting and Digital Retailing Go Hand-in-Hand

by Dealertrack on November 19, 2019

More and more dealerships are seeing the value of digital retailing for bringing in customers from a variety of online sources to help counter declining retail profit margins. Consumers are definitely shopping for vehicles online. Recent research by Google/Kantar TNS found that...

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How eContracting Works with Aftermarket Products

by Dealertrack on November 14, 2019

Aftermarket sales are an important part of the deal process, but sometimes there is confusion about how eContracting figures in. For each aftermarket product, there are two types of contracts: one with the aftermarket provider and another that becomes part of the lending package submitted digitally to lenders. A complete eContracting solution sh...

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How eContracting Reduces Data Re-Entry

by Dealertrack on November 7, 2019

You’ve probably heard that going digital with your contract process helps increase accuracy and improve efficiency. So, how exactly does it do that? The key is integration between dealership systems. Technology + connection Research shows that the average dealership uses...

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eContracting and Data Security

by Dealertrack on October 31, 2019

Dealerships collect a significant amount of personally identifiable information (PII) about their customers in the process of selling them a vehicle and arranging financing. Information including the customer’s name, date of birth, place of residence, employment information, phone number, email address and social security number can all be at ris...

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