We all know that the
auto industry is changing rapidly and car buyers are expecting more from their dealerships. For example, a recent survey by Lightico found that 71% of respondents would be willing to sign an auto finance contract remotely with the assistance of eSignature software.
So how can you make this happen? Check out our blog post for tips on automating your auto financing process.
Collecting Documents Digitally
Many
lenders (and dealers) use paper
documents and fax machines to complete auto finance transactions, which can be both time-consuming and costly.
Document management software lets you scan important
documents into a central location so they're accessible from anywhere without the need for printing or physical storage space.
You'll save money on office supplies, postage, and courier fees.
Document management software like Lightico can also automate document handling for auto
lenders by making it easy to upload
documents into a database that is accessible from any device or location.
Document management systems don't just save you money on physical office space; they also reduce the need for
employees who spend their days running back and forth between the office and auto dealerships.
Document management systems also allow
lenders to track all of their
documents in one centralized location, meaning they'll know at a glance what paperwork is outstanding or needs attention.
The Power of eSignatures
The use of
eSignatures has been on the rise in recent years because they're convenient - users don't need to print and sign
documents. eSignature software allows auto
lenders to collect
signatures and other required
documentation from borrowers in a
paperless environment, saving time, increasing efficiencies, and reducing errors.
Document management software like Lightico can help auto
lenders to collect
signatures and other required
documentation from borrowers in a
paperless environment, saving time, increasing efficiencies and reducing errors.
In conclusion, automating the auto financing process can help you save time and money.
Document management software makes it easy to collect
signatures from borrowers in a
paperless environment, saving both time and money.
Document management also reduces your need for
employees who spend their days running back and forth between an office and dealerships.
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