BOZEMAN, Mont. -- Zoot, a provider of instant credit decisioning and loan origination solutions, announces the availability of its automated negotiation system, a customizable automobile solution for lenders that provides dealers with accurate and timely loan information.

Automatic negotiation allows the dealer to present an offer based on what is most important to the customer, interest rates, loan length, trade-in value, payment amount, etc., without having to repeatedly go back to the lender. The ability to make immediate offers allows dealers to avoid walk-away points.

A dealer's lender must be connected to Zoot in order to access the loan origination and automated negotiation system. The system automatically provides multiple finance options, so dealers have a range of loan options to offer customers at the point-of-sale.

"With the decrease in auto sales forecasted for 2008, it is imperative to capture leads by offering the most immediate and timely information before the dealer chooses to seek a different lender," said Chris Nelson, CEO of Zoot Enterprises. "Zoot is committed to matching even the most challenging loan requests to cater to each borrower’s specific requirements, dramatically accelerating the closing process."

Automating the lending process enhances the way dealers work with their customers because their lenders can react quickly to changes in the market. With this amount of flexibility and control over their environments, lenders’ systems never get in the way of doing what works best for dealers and their customers.