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Chrysler Dealers to Get Econtracting

December 17, 2015

FARMINGTON HILLS, Mich. — RouteOne and Chrysler Capital/Santander Consumer USA will make full econtracting capabilities available to all Chrysler dealers. The solution will provide electronic validation, signature and distribution for all retail and lease transactions.

According to officials, the RouteOne-powered econtracting system is currently in pilot at Chrysler dealership, with full rollout expected later in the first quarter 2016. Full availability is expected in the second quarter 2016.

“We are pleased to deepen our partnership with SC/Chrysler Capital to collaboratively enhance our service to dealers,” stated Mike Jurecki, RouteOne CEO. “The new offering will enable dealers to realize the benefits of econtracting, such as faster funding, improved CSI, and the reduction in dealer chargebacks using a comprehensive validation routine prior to customer signature.”

RouteOne, which was founded by Ally Financial, Ford Motor Credit, TD Auto Finance and Toyota Financial Services, saw econtracting volume more than double in 2014 to 1.55 million electronically booked contracts. has a long and proven track record with eContracting. Its volume more than doubled in 2014 to 1.55 million contracts booked. Company officials said the firm should close 2015 with more than 4.5 million econtracts booked since RouteOne rolled out its econtracting platform.

“By making econtracting available at dealerships, RouteOne has boosted both compliance and customer service levels,” said Jason Kulas, CEO of Santander Consumer USA. “This initiative fits with the SC/Chrysler Capital aim to help dealers sell more cars in an efficient and responsible manner.”

Comments

  1. 1. Wes Benton [ December 21, 2015 @ 05:04PM ]

    When DealerTrack launched its eContracting product in late 2002, it was sought with disbelief by most dealers.

    The speculation process of a paperless F&I patter would be scary and no one believed that digitally produced signatures on contracts would be used by Customers and especially Banks.

    Over years, when I worked at DealerTrack I had become a part of the country’s premiere Web based platforms for the automation of auto financing, tripling their customer base.

    It connects over 20,000 dealers, which includes 80 percent of new franchised dealers, and over 200 financing lenders, among them 20 of the largest independent automobile financing sources.

    Im happy to see that Route One is going to launch this and see the success now being a current lender myself.

    This will really expedite Route One process with the Big 4..i.e. Ally, Ford, TD, and Toyota.

    Sincerely

    Wes Benton

 

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