Operating now as NowLake Technology, TurboPass is even more entrenched with that company. In a move that became effective this week, the 14,000 DealerCenter users not already signed up with TurboPass now will be getting access through DealerCenter to pull TurboPass reports.
Previously available to nearly 2,000 dealers, TurboPass looks to help stores gain faster funding and more down payment, while also offering fraud prevention with reduced finance company fees.
By using TurboPass, dealers can send their customer a text to validate the customer’s down payment ability in seconds, saving valuable time in the vehicle buying and closing process. A unique TurboPass code is generated for each customer, allowing dealers to view, print and submit the customer’s stips in the deal jacket.
“Verifying stips has continually been one of the slowest parts of the funding process. TurboPass over the past year has proven itself to be the fastest solution to getting POI and POR for car buyers and we’re proud to now offer TurboPass reports directly inside our platform,” said Jay Kamdar, president of NowCom, which fuels DealerCenter.
To send the TurboPass invite link within DealerCenter, dealers can open up their deal package and find their buyer’s name at the top, then click the TurboPass report option, which is located just under the credit report option inside the deal. A pop-up window will appear to confirm they want to invite their customer. Once confirmed, the buyer will receive the text invite.
Once the prompts of the text message are completed by the buyer, a PDF of the report will be available next to the TurboPass report button that was first selected.
With this integration, all DealerCenter users without a current TurboPass subscription are being given a trial of three free reports. After dealers have used their three free reports, they’ll be prompted to sign up for one of TurboPass’ monthly subscriptions.
“DealerCenter has always been an industry leading platform that provides all the products necessary for a dealer to be successful with their lenders. We’re beyond excited to have our tool available in the platform and continue to powerfully contribute to serving dealers across the country,” TurboPass chief executive officer Mike Jarman said.
