Accelerated Title

Payoff & Title Release

Dealerships depend on trade-ins to supply used inventory, but payoff surprises and slow lien and title release can delay inventory turn and reduce profit potential as holding costs add up. A payoff and title release solution helps add confidence and speed to the entire process.

We know your challenges

66.3%

used vehicles sold by new-car dealerships are trade-ins.*

Trade-in turn

Maintaining used inventory levels requires constant, time-consuming calls for payoffs and lien and title release. But a digital solution helps make that workflow fast and efficient.

12-18Days

average time it takes for payoff and title release.*

Lien and title delays

Waiting for lien and title release means waiting to re-sell each vehicle. With a digital solution, lien and title release takes days instead of weeks.

$40day/vehicle

average holding costs.*

Holding costs

While you wait for lien and title release, overhead costs add up. A faster process can help preserve profitability on every trade.

$25/vehicle

average title/check shipping costs per payoff*

Manual processes

The costs of cutting checks and shipping paper documents can really add up. A digital payoff and title release solution handles it all securely online with just a few clicks.

*NADA DATA 2021 Annual Financial Profile of America’s Franchised New-Car Dealerships
*Based on average industry timeframe for vehicle title release and vehicle payoff process of 18+ days, as determined by 2021 Dealertrack data.
*Data based on user input and calculations using Dealertrack’s Accelerated Title Savings Calculator as of August 2022 and are not a guarantee of actual savings.
*Data based on user input and calculations using Dealertrack’s Accelerated Title Savings Calculator as of August 2022 and are not a guarantee of actual savings.

We know your challenges

Select a challenge you face

Trade-in turn

66.3%
used vehicles sold by new-car dealerships are trade-ins.*
*NADA DATA 2021 Annual Financial Profile of America’s Franchised New-Car Dealerships

Trade-in turn

Maintaining used inventory levels requires constant, time-consuming calls for payoffs and lien and title release. But a digital solution helps make that workflow fast and efficient.

Lien and title delays

12-18Days
average time it takes for payoff and title release.*
*Based on average industry timeframe for vehicle title release and vehicle payoff process of 18+ days, as determined by 2021 Dealertrack data.

Lien and title delays

Waiting for lien and title release means waiting to re-sell each vehicle. With a digital solution, lien and title release takes days instead of weeks.

Holding costs

$40day/vehicle
average holding costs.*
*Data based on user input and calculations using Dealertrack’s Accelerated Title Savings Calculator as of August 2022 and are not a guarantee of actual savings.

Holding costs

While you wait for lien and title release, overhead costs add up. A faster process can help preserve profitability on every trade.

Manual processes

$25/vehicle
average title/check shipping costs per payoff*
*Data based on user input and calculations using Dealertrack’s Accelerated Title Savings Calculator as of August 2022 and are not a guarantee of actual savings.

Manual processes

The costs of cutting checks and shipping paper documents can really add up. A digital payoff and title release solution handles it all securely online with just a few clicks.

Find out how much your dealership could save

Plug in your dealership’s numbers to see out how much you could save with faster payoff and title release.

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1

400

Estimated Total Annual Savings

=$00000

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See Your Savings

$

$25

$40

Days

8

20

$

$8

$25

$

$2

$8

Our Solution

How Dealertrack Accelerated Title® works

This industry exclusive solution gives you the ultimate combination: reliable payoffs and faster lien and title release on your trades.
  • Quickly move your customers through the trade-in process
  • Avoid the challenges, costs, and delays that come with trade-ins
  • 100+ lenders in a rapidly growing lender network facilitate fast lien and title release
  • Quickly move your customers through the trade-in process
  • Avoid the challenges, costs, delays that come with trade-ins
  • 100+ lenders in a rapidly growing lender network facilitate fast lien and title release
Our Solution

How Dealertrack Accelerated Title® works

This industry exclusive solution gives you the ultimate combination: reliable payoffs and faster lien and title release on your trades.

Payoff and Title Release

Get reliable payoff quotes at your fingertips, submit payoffs quickly, and expedite lien and title release for your trades.

Payoff quotes

  • Calculate reliable payoff amounts specific to lender and date
  • View full title details to avoid payoff surprises
  • Get 24/7 tracking and reporting from your desktop

Accelerated Title

  • Speed lien and title release from weeks to days
  • Reduce holding costs with faster trade-in turn
  • Recognize fuller profit opportunity via retail or wholesale

The Accelerated Title Difference

Leaving your manual process behind and switching to a digital lien and title solution adds speed, reliability, and profit opportunity to your trades.

Digital Process (Accelerated Title)

Manual Process
(Traditional)

Securing Deals

Preview Title Details

Receive Clean Titles

In as fast as 4 to 6 days (70%faster)
12 to 18 days or more

Back Office Efficiency

Obtain Payoff Amounts

Digitally available on demand
Phone calls required

Electronic Payment Submission

Real-time Status Reporting

Speed of Inventory Turn

Auction Ready

Nearly double your chances of first pass sale

*2018 (1.6X) Manheim Articles “Impact of Delayed Titles at Auction”

Realize Profit Opportunity

Less likelyMore likely
Less likelyMore likely

Maximize Cash Flow

*Due to title in hand

Liechty Automotive Group

The faster you get the titles, the faster you can resell the cars and turn inventory and that’s what it’s all about right now.

Jonathan Bowling

Variable Operations Director

Success with Dealertrack Solutions

0 x
increase in likelihood of first pass sale at auction with title in hand
2018 (1.6X) Manheim Articles « Impact of Delayed Titles at Auction »
$ 0 K/month
savings on holding costs and title/check shipping costs
Data based on user input and calculations using Dealertrack’s Accelerated Title Savings Calculator as of August 2022 and are not a guarantee of actual savings.
0 %
faster realization of profitability compared to manual payoff and title release
Based on average industry timeframe for vehicle title release and vehicle payoff process of 18+ days, as determined by 2021 Dealertrack data.

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