NMAC to Offer Electronic Credit Application Submission and e-Contracting Technology to Dealerships
Nissan Motor Acceptance Corporation (NMAC), the captive automotive financial services arm for Nissan North America, Inc., plans to enter into associations with three providers of online credit applications for its Nissan and Infiniti dealer network.
Credit Online, Inc., DealerTrack, Inc., and RouteOne LLC will provide online credit application submission, connectivity, and eventually, electronic contract submission from Nissan and Infiniti dealerships. NMAC says these electronic tools will ultimately allow a dealership to significantly reduce the time required for contract processing and funding.
NMAC will continue to have the technological ability to interface with software solutions from multiple vendors and accept credit applications from the various sources currently available to the dealers. However, NMAC says the goal to streamline processes and operations is to migrate to only one widely accepted technology standard for both electronic credit application and contract submission. Migrating to one technology standard is intended to streamline the process to connect to NMAC and not to limit the dealers’ options, the company reports.