FARMINGTON HILLS, MI – RouteOne announced today it has signed an agreement with Finance Express’ Dealer Management System that will allows its lenders to use their existing connections to conduct business with Finance Express’s independent dealers. The integration will provide RouteOne’s lenders with a comprehensive risk mitigation program that provides a safe and secure environment for lenders offering their services to independent used car dealers.
The integration provides RouteOne’s 100+ non-captive lenders the ability to receive credit application information from the thousands of independent and non-franchised dealerships affiliated with Finance Express, which operates the first online auto finance platform specifically designed for the independent dealer.
“Many of our lender partners have strong relationships with the independent dealer community,” said RouteOne CEO Mike Jurecki. “The independent dealer has unique needs that Finance Express has a solution for, allowing RouteOne to continue focus on its core customers in the franchised dealer space. This integration allows us to deliver more value, more quickly, to our finance source partners that conduct business in both the prime and non-prime arena.”
“It has always been the goal of Finance Express to create a powerful and easy to use solution with access to major lenders,” said David Huber, President, Finance Express. “The risk mitigation program created by Finance Express, AFC, and Escrow.com not only qualifies the dealer and provides regular monitoring of the dealer’s financial stability, but also protects the lenders funds until the lien is registered. For most independent dealers, it is the only Dealer Management System they will ever need. We are very excited about this relationship, because it brings so much value to all of the parties involved.”
Established in April, 2002, RouteOne LLC is a joint venture formed by DaimlerChrysler Financial Services, Ford Motor Credit Company, GMAC, and Toyota Financial Services to deliver vastly improved efficiencies in the credit application process for automobile dealers, their customers, and participating finance institutions. The joint venture has developed a web-based system that will enable dealers and all their finance sources, including banks and other financial institutions, to manage the credit application and consumer financing process online. More information is available at www.routeone.com.
About Finance Express:
Finance Express provides financing programs for all levels of credit through its relationship with national and regional lenders. It offers an integrated menu of services including credit application processing, credit bureau access, inventory management, electronic contracting, lead generation, dealer management tools and licensed escrow services. It is a comprehensive program that provides auto dealers with online access to lenders, credit bureaus, customer leads and a full range of dealer management services in a single seamless solution. At the same time, it is the only solution available that provides auto lenders with the assured safety and security of completing their transactions through a fully licensed escrow company.
Remarketing by Element has joined the NIADA’s network of National Member Benefit partners and will offer prime lane placement, among other benefits, to the dealer association’s members.