Every step that makes your payoff and title release process longer can affect back office efficiency and reduce your profitability.
Slow down the title release process, as well as create inaccuracies in payoff amounts.
The longer you wait to receive a title on trade-ins, the more vehicles pile up on your lot compounding costly fees daily.
Contacting lenders to track and report payoff info, as well as receive status updates, wastes time and resources.
Speed up your trade-in titling process to turn inventory faster and reduce holding costs.Show me how
Holding costs can be as high as $32/vehicle per day.1 Faster vehicle payoff and title release processing times help you turn trade-in inventory more rapidly — and reduce costs.
Streamlined workflow processes reduce your trade-in payoff and title release time from 12 to 18 days to as little as four to six days.2
Many of the DMV’s need to take some time to understand how they will handle specific transaction types as they adjust their operating procedures. See all updates state by state.Read More