Pre-qualify and Prioritize Your Walk-ins
ID Drive™ from eLEND Solutions is an advanced identity solution - connected with 700Credit - enabling you to quickly authenticate and pre-qualify your showroom ups - with the swipe of a DL - at any point in your sales process. Performance Guaranteed.
Dealer Advantages
(Benefits)
Protect Your Dealership
Authentication technology and purified information eliminates identity and financial risk.
No More Missed Opportunities
A 60 second workflow change ensures you capture and work so many more, often missed, in-store leads.
Faster Transaction Times
Technology automates several manual/paper-based steps in the process, reducing average transaction times by 45-60 minutes.
Sell More Cars
Pre-test drive, pre-qualified customers are typically ready to buy and have above average credit scores - resulting in >40% closing ratios.
Improved Customer Experience
A more modern, efficient, faster moving buying experience improves CSI by an average of 4pts.
Make More Money
Knowing the customers buying power upfront and putting the customer in the right deal structure and finance product, increases average PVR by $300
Special offer available only for 700Credit customers
How It Works
(Easy as 1-2-3)
Intelligent Data Capture & Export
Instant DL capture – via mobile device or desktop scanner - is processed securely in the cloud – saving time and impressing customers. Exports captured information into any CRM platform. Option to append the vehicle of choice and sales agent as part of the lead record.
Automated ID Authentication*
Performs 20+ forensic tests in real time for robust authentication of any driver license or government issued ID from the United States, Canada and Mexico + 160 other international jurisdictions. Includes management alerts and notifications
*Available only with desktop scanner
Finance Pre-Qualification
Optional red flag, pre-qualification features convert a DL scan into a prescreen or a consumer consented pre-qualification. Lead information is exported into your CRM.
Identity Verification
The premium package includes advanced identity verification features from 700Credit including Red Flag/Identity Match, fraud database search, synthetic fraud detection, OFAC database search, and MLA identification.
Packages
CORE
AUTHENTICATION1
CORE Features:
- Unlimited Driver License scans. No hidden fees.
- Real-time authentication1 of any Driver License document.
- Extracted information is de-duped and integrated with any pre-existing lead record.
- Exports captured information into your CRM platform
- Dashboard includes activity reporting by sales person.
- Money back performance guarantee1
ADVANCED
PREQUALIFICATION (or PreScreen2)
All CORE Package Features Plus:
- Converts a DL scan into a prescreen2 or consumer consented prequalification.
- SS# not required. No impact on the customers credit.
- Includes FULL credit report and live FICO score.
- Lower transaction costs
- Simplified compliance requirements Credit Score Notice not Required Risk Based Pricing Notice not required Firm Offer of Credit not required No Adverse Action requirement
- Compliance Cost Savings
- DL data and images are stored on our ‘certified’ secure servers for 7 years.
PREMIUM
IDENTITY VERIFICATION
All ADVANCED Package Features Plus:
- ID Match verifies the name and address of a person applying for financing
- Synthetic Fraud Detection to protect your customers and your store
- OFAC Checks screen all of your customers against the government databases
- Red Flag Alerts detect if suspicious or negative activity occurred on an individual’s credit report
- MLA identifies current active military members
1Available only with desktop scanner
2Prescreen requires Firm Offer of Credit.
What Our Customers are Saying
“In the first month, we scanned nearly 900 driver’s licenses. Nearly 50% opted for pre-qualification and we converted 36% of those into a sale – making it one of our highest performing and most profitable channels.”
Huntington Beach Dodge
Huntington Beach, CA
”ID Drive™ and our new “it must be scanned” process means far more leads are getting captured and worked. And for our dealerships It’s been HUGE: it’s led directly to a 10% increase in sales – or, about 50 incremental car sales a month.”
Benny Boyd Automotive
Lampasas, TX
“We are in Richmond CA, High rate of fraud and crime....Can't put a number on the amount of money we have saved with eLEND’s ID Drive™ just in stopping fraud alone!!”
