The F&I Industry is Ready for eContracting

Connectivity experts say, that if dealers, lenders, product providers and lawmakers get on board, industry-wide adoption of eContracting could soon be a reality.

Since the year 2000, the prognosticators have been saying it’s just a matter of time before eContracting will be adopted by F&I departments nationwide. More than a decade later, many important advances have been made, but industry-wide adoption still appears to be at least a couple years away.

Will dealers be enjoying all the benefits of eContracting by 2016? it is difficult to say. As much as the electronic verification of finance and lease contracts, F&I products and title and registration documents seem logical, there are four key pieces that have to fall into place for eContracting to take hold nationwide. Read More. . .