Banks prioritize e-contracts over paper contracts

Deals signed on Dealtertrack’s e-contracting platform increased 224% from June 2020 to March 2021

© Can Stock Photo / FrankRohde

Banks have been prioritizing e-contracts over paper contracts as the auto finance industry moves toward a more digitally focused infrastructure. At Cartersville, Ga.-based Terry Reid Hyundai, Dealer Principal Matt Laughridge has seen some if the dealership’s bank lending partners prioritize e-contracts over paper contracts. “There’s realities to some banks wanting to switch over to e-contracting, […]

Already subscribed? Click below.

Exit mobile version