DealerTrack, Inc. on March 4 announced that it has entered into an agreement with Nissan Motor Acceptance Corporation (NMAC), the captive automotive financial services arm for Nissan North America, Inc., to provide online credit application submission and e-contracting capabilities through its Web-based DealerTrack(TM) auto finance platform.
All Nissan and Infiniti dealers will be able to use the DealerTrack platform to submit credit applications directly to NMAC, monitor related application status changes and, in the future, process contracts electronically.
"Eighty percent of Nissan dealerships and 94 percent of Infiniti dealerships nationwide are already active on the DealerTrack platform," said Tom Lyons, senior manager of Corporate Planning Office, NMAC. "Given the scope of our dealerships' participation, we felt this was another key initiative to assist NMAC with improving our level of service to our dealers."
"We are pleased that NMAC has selected DealerTrack as its partner in accelerating the auto financing process," said Mark O'Neil, president and chief executive officer, DealerTrack. "NMAC dealerships have already been very active users of DealerTrack -- in fact, it was an Infiniti dealer that completed the very first e-Contract through our platform. We're confident that DealerTrack will continue to make a positive impact on the business of both NMAC and its dealer network."
DealerTrack is an online finance platform, now processing more than 1 million applications per month.
About DealerTrack, Inc.
With more than 19,000 dealers and 23 lenders currently connected, DealerTrack is an independent Web-based platform that automates and accelerates the entire dealer-to-lender relationship, from financing to daily information sharing.
According to DealerTrack, the platform enables application processing, credit bureau access, electronic contracting and lease comparisons.
More information on DealerTrack is available at www.dealertrack.com or by calling (877) 357-8725.
About Nissan Motor Acceptance Corporation
NMAC and its Infiniti Financial Services (IFS) division purchase from their dealers throughout the United States retail and lease contracts for the complete line of Nissan and Infiniti vehicles.
NMAC also provides wholesale floorplan, equipment, capital and mortgage loan financing to Nissan and Infiniti dealers.
Making possible these programs and services are the approximately 700 employees of NMAC & IFS, who are located at the corporate headquarters in Torrance, Calif., and at NMAC's Customer Service Center in Dallas, Texas, as well as a nationwide network of financial services managers who work directly with Nissan and Infiniti dealers.
Together, NMAC and IFS service more than $15 billion in outstanding loans and leases for approximately one million customers. In addition, NMAC and IFS service over $1.6 billion in outstanding commercial loans.
