Closing a vehicle deal isn’t always as simple as it should be. From tracking down cosigners to correcting incomplete forms, small inefficiencies in document handling can stall deals and frustrate dealers, lenders, and buyers alike.
With buyers juggling busy schedules, occasionally living in different cities, and expecting flexible options, having the right tools to finish paperwork smoothly is vital to your dealership’s sales success.
Many want the option to complete financing online, outside of business hours, or remotely with cosigners. Digital signatures built into your lending process make that flexibility attainable while keeping your deals moving.
In the past five years, the number of electronic signature transactions have increased from 198 million to 4.7 billion. Implementing digital signature options allows your dealership to provide a modern buying experience and avoid unnecessary delays.
Electronic signatures aren’t just convenient — they reduce errors by 90%. With a built-in digital audit trail, deals are secure, easy to retrieve, and never misplaced.
Deals are completed more quickly too: 76% of agreements are completed within a day and 50% are completed in under 15 minutes, giving you time to focus on other tasks and stay on top of your to-do list.
Digital signatures and audit trails reduce the risk of losing or damaging important documents, while still maintaining compliance with state and federal regulations. A reliable system creates a record of the transaction, logging proof of identity, date, time, location, and consent. This transaction history protects your dealership and your customers when finalizing a deal.
Everyone involved in the deal benefits from digital signatures. Your dealership can work deals outside of your office, buyers have more time to review documents on their own, and lenders have faster access to deals with fewer compliance risks.
With more flexible communication and cleaner touchpoints throughout the deal, your team experiences higher productivity, customer satisfaction, and sales performance.
In the digital age, reducing manual steps and building a more efficient, customer-friendly experience is essential. Digital solutions help meet that need and modernize your process without disrupting what already works.