eLEND Solutions offers integrated online and in-store credit, finance and deal-structuring software solutions that accelerates and streamlines the transaction for car buyers, car dealers and lenders - reducing the time to complete a vehicle purchase transaction from hours to minutes.
ID Drive Product Results
• 60 Minute Reduction in Transaction Times
• $300+ Average Profit Increase per Car Sold
• $200+ Variable Cost Savings per Car Sold
• 43% Closing Ratios
• 43% of Licenses had Flags
• 53% opted in for Pre-qualification
• 703 Average Credit Score
• +4pt Increase in CSI
Credit Plus Product Results
• 12x the normal conversion of long from credit applications
• 50+ Average Monthly Submitted Credit Applications
• 50% Click to Submit Ratios
• 30%+ Intended Dealer Closing Ratio
• 54 – National Average Number of Credit Apps per Dealer
• $7 - National Average Cost per Credit App
• $25 - National Average Cost per Sale
• 344 – National Average Number of Credit Apps for Top 100 Subscribers
• 30% Closing Ratio’s