Volvo retailers and Polestar Spaces now can take advantage of Dealertrack digital contracting across all lease and retail contracts through Volvo Car Financial Services (VCFS) and Polestar Financial Services (PFS).

Dealertrack highlighted that connecting Volvo retailers and Polestar Spaces with a single workflow for deal origination will allow for a unified digital contracting experience whether customers are financing or leasing a vehicle.

Dealertrack’s streamlined workflow can help dealerships lower overhead costs, reduce contracts in transit and boost funding speed. Dealertrack wants to offer an improved contracting and signing experience to reduce errors, missed signatures and recontracting.

Key product features and benefits include:

—Live funding checklist: Up-to-date guidance on which documents the lender requires to complete transactions faster

—Real-time error display: Built-in verification alerts prevent missed signatures and other errors to ensure accurate submissions and faster funding

—Local file upload: Drag and drop images, stips, and trailing documents for quick and easy submission to VCFS and PFS

—Ready sign: Make all documents e-signable by easily adding signature fields

—Flexible eSigning options: Secure and convenient options whether customers are in-store or remote

Volvo Car Financial Services is a wholly owned Volvo Car Corp subsidiary of Gothenburg, Sweden, providing financing, leasing options, and other financial services products to Volvo consumers and Volvo retailers in the United States.

“A one-stop eContracting solution for retail and lease transactions offers our retailers quicker funding times and a significantly better, faster, and more customer-friendly option. Our retailers now have the tools to transact with a customer whenever and however they choose,” VCFS vice president of sales and marketing TJ Prayner said in the news release from Dealertrack.

“Dealertrack is the first to support the full scope of our digital contracting, credit application and compliance needs across both parts of our business,” Prayner continued.

Polestar Financial Services provides leasing and financing options, and other financial services products to Polestar consumers and Polestar Spaces in the United States. Automobile financing and account servicing are provided by Volvo Car Financial Services.

“Introducing a one stop eContracting solution for Polestar Spaces and Polestar customers fulfills Polestar’s digital-first approach. Customers can now complete every aspect of the vehicle purchase process in a digital environment, from ordering to contracting,” said David Carroll, head of Polestar Financial Services.

“Having an eContracting solution supports a better customer experience, faster funding for Polestar Spaces, and a more environmentally-conscious way to lease or finance a Polestar,” Carroll added.

Kait Gavin is vice president of operations at Dealertrack F&I and Titling Solutions

“At its core, Dealertrack is designed to help dealers drive profits and satisfy customers on any purchase path, today and in the future,” Gavin said.

“Through this expanded collaboration with VCFS and PFS, forward-thinking Volvo retailers Polestar Spaces now have even greater flexibility to ensure the contract process meets and exceeds the ever-evolving expectations of today’s digital-first consumers,” Gavin went on to say.