Accelerated Title

Trade-In Titling

Trade-ins are a key pillar for every dealership’s used car business, but lien and title release delays can reduce profit potential as holding costs add up. This industry-exclusive solution expedites your payoff and title release process to help you speed inventory turn and improve cash flow for trades.

We know your challenges

66.3%

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

Handling trade-in volume

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

12-18+Days

Average time it takes for payoff and title release.*

Lien and title release 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 associated with lien and title delays.*

Accumulating holding costs

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

$1k/mo

Spent per rooftop in shipping & handling costs for checks on trade-ins.*

Spending too much time and money

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 2022 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 2022 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.
*Based on industry standards for labor costs and Dealertrack and dealer customer data as of August 2022. Not a guarantee of actual savings.

We know your challenges

Select a challenge you face

Inefficient used car intake

66.3%
Used vehicles sold by new-car dealerships are trade-ins.*
*NADA DATA 2022 Annual Financial Profile of America’s Franchised New-Car Dealerships

Handling trade-in volume

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

Trade-ins sitting idle

12-18+Days
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 2022 Dealertrack data.

Lien and title release 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.*

Maximizing trade-in profitability

$40Day/Vehicle
Average holding costs associated with lien and title delays.*
*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.

Accumulating holding costs

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

Costly manual processes

$1k/mo
Spent per rooftop in shipping & handling costs for checks on trade-ins.*
*Based on industry standards for labor costs and Dealertrack and dealer customer data as of August 2022. Not a guarantee of actual savings.

Spending too much time and money

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.

Trade-in titling savings calculator

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

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$25

$40

Days

8

20

$

$8

$25

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$2

$8

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.

Trade-in transparency

View full title details ahead of accepting trades to avoid payoff surprises like undisclosed co-owners that can unwind a deal.

Reliable payoff calculations

Calculate reliable, date-specific payoff amounts without picking up the phone.

Faster lien and title release

Facilitate quicker payoff and lien or title release through 120+ lenders in a rapidly growing lender network.

Success with Dealertrack Accelerated Title®

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 2022 Dealertrack data.
$ 0 k/mo
savings per rooftop in shipping & handling costs for checks on trade-ins
Based on industry standards for labor costs and Dealertrack and dealer customer data as of August 2022. Not a guarantee of actual savings.
~ 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 +
lenders on Accelerated Title’s growing network for expediting lien and title release

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

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 deficiency

Obtain Payoff Amounts

Digitally available on demand
Phone calls required

Electronic Payment Submission

Real-time Status Reporting

Speed of Inventory Turn

Maximize Cash Flow

Less likelyMore likely
Less likelyMore likely

Lenders on Accelerated Title

See the current list of lenders who help you turn trade-in liens and titles in as fast as 4-6 days.

Results

  • 1st Advantage Federal Credit Union
  • Alliant Credit Union
  • Amarillo National Bank
  • American National Bank
  • American Credit Acceptance
  • American Eagle Financial Credit Union
  • American Heritage Federal Credit Union
  • American Honda Financial Corporation
  • AmeriCU Credit Union
  • Andrews Federal Credit Union
  • Aston Martin Financial
  • Atlanta Postal Credit Union
  • Avant LLC.
  • Axos Bank
  • Bank of the West
  • BayPort Credit Union
  • Bentley Financial Services
  • BMO Harris
  • Canvas Credit Union
  • Capital One Auto Finance
  • Cardinal Credit Union
  • Chartway Federal Credit Union
  • Chase Auto Finance
  • Chrysler Capital
  • Citadel Federal Credit Union
  • Coastal Federal Credit Union
  • CoastHills Credit Union
  • Cobalt Credit Union
  • Connexus Credit Union
  • Consumer Portfolio Services (CPS)
  • Cornerstone Financial Credit Union
  • Cinch Auto Finance
  • Crescent Bank
  • Desert Financial Credit Union
  • Dover Federal Credit Union
  • Eagle Community Credit Union
  • EECU
  • East Idaho Credit Union
  • Empower Federal Credit Union
  • Enterprise Auto Finance
  • Exeter Finance
  • Fidelity Bank
  • Fifth Third Bank
  • First Financial Bank
  • First Interstate Bank
  • First Investors Financial Services
  • First National Bank of PA
  • Flagship Credit Acceptance
  • Forum Credit Union
  • Franklin Mint Federal Credit Union
  • General Electric Credit Union
  • Golden 1 Credit Union
  • Great Southern Bank
  • GreenState Credit Union
  • Grow Financial Federal Credit Union
  • GTE Financial
  • Infiniti Financial Services
  • Interra Credit Union
  • iTHINK Financial Credit Union
  • Jaguar Financial Group
  • Kemba Credit Union
  • KeyBank
  • Lamborghini Financial Services
  • Land Rover Financial Group
  • Landmark Credit Union
  • Langley Federal Credit Union
  • Maserati Capital USA
  • Mechanics Bank
  • McCoy Federal Credit Union
  • Members 1st Federal Credit Union
  • Metro Credit Union
  • MidFlorida Credit Union
  • Navigant Credit Union
  • Navy Army Community Credit Union
  • Nissan Motor Acceptance Corp
  • Northwest Federal Credit Union
  • Nuvision Federal Credit Union
  • OneMain Financial
  • Orion Federal Credit Union
  • Partners Federal Credit Union
  • Pen Air Federal Credit Union
  • PNC Financial
  • Potlatch No 1 Federal Credit Union
  • Porsche Financial Services
  • Regional Acceptance Corporation
  • Resource One Credit Union
  • Rhinebeck Bank
  • Robins Financial Credit Union
  • Santander Consumer USA
  • Skopos Financial
  • Southern Auto Finance Company
  • Space Coast Credit Union
  • Safe 1 Credit Union
  • Spokane Teachers Credit Union
  • Security Service Federal Credit Union
  • Self-Help Federal Credit Union
  • Stellantis Financial Services Inc.
  • St. Mary's Credit Union
  • Strata Credit Union
  • Subaru Motors Finance
  • TD Auto Finance
  • Teachers Credit Union
  • Tennessee Valley Federal Credit Union
  • Texas Dow Employees Credit Union
  • Truist Bank
  • Truliant Federal Credit Union
  • UNIFY Financial Credit Union
  • Union Square Credit Union
  • United Bank
  • US Bank
  • Valley National Bank
  • Veridian Credit Union
  • Virginia Credit Union
  • Vroom Financial
  • Washington State Employees Credit Union (WSECU)
  • Wells Fargo Auto
  • Westby Co-Op Credit Union
  • Westlake Financial
  • Westmark Credit Union
  • Wright-Patt Federal Credit Union

 

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