VW, Audi dealers to use ADP tools to speed customer financing

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Automotive News
February 10, 2013 - 6:41 pm ET

The captive financing arms of Volkswagen and Audi are using new online tools to enable their dealers to submit financing deal terms electronically and receive instant validation of the contracts.

The rollout by VW Credit Inc. and Audi Financial Services follows a successful pilot of the digital contracting system last autumn, said Steve Anenen, president of ADP Dealer Services, the dealer software vendor providing the in-store tools.

Anenen said at a press conference that the electronic tools will reduce the possibility of contract errors and speed customer financing approval.

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