Title processing in the automotive industry refers to the legal and administrative procedures involved in transferring ownership of a vehicle from one party to another. It is a crucial aspect of any vehicle transaction, whether it involves buying, selling, or transferring ownership for other reasons. Continue reading to learn more from the team at Consolidated Automotive Services of Indiana.
At Consolidated Automotive Services of Indiana, we recognize that dealing with automotive titles can be a maze of complexities. Navigating the nuances of vehicle ownership is essential for a seamless transfer, and our dedication to excellence shines through in the three primary automotive title services we provide: title and lien searches, replacement and duplicate titles, and title transfers. Let’s explore the three core services that set us apart in the automotive title industry.
In today’s fast-paced world, finding a reliable and affordable vehicle is a top priority for many people. One option that’s gaining popularity is purchasing a repossessed vehicle. Repossessed cars offer a range of advantages that can make them an excellent choice for budget-conscious buyers. In this blog post, we’ll explore four benefits of buying a repossessed vehicle and why utilizing a reputable title services company like Consolidated Automotive Services of Indiana is essential in ensuring a smooth and secure transaction.
When one of your customers pays off their vehicle loan, it’s time for an updated replacement title to be sent to your customer. Thankfully, Consolidated Automotive Services of Indiana has decades of experience navigating the vehicle title process and working with the Department of Motor Vehicles (DMV) across all 50 states. Let’s break down this often cumbersome process to see how our team of experts can make it easier for you.New Replacement TitleWhen a customer pays off their car loan, the title must be replaced to reflect the customer as the new owner. This process depends entirely on whether your customer lives in a non-holding state or a holding state. In either state, your finance department will work with the DMV to have a new replacement title sent to the customer.Process for Non-Holding StatesIn non-holding states, the borrower is listed on the car title as the primary owner. Most borrowers … Continued
Auto insurance offers drivers financial protection and is available for a variety of vehicles and circumstances. Unfortunately, insurance is not available for vehicles that have been assigned a salvage title. Consolidated Automotive Services of Indiana has decades of experience providing dealerships and finance companies with title services, and yes, that includes salvage titles. Keep reading to find out how your customers can insure salvage title vehicles.What Is a Salvage Title?Vehicles that have been deemed a total loss by insurance companies are issued salvage titles. This means they cannot be legally driven on the road, which is why salvage title vehicles aren’t eligible for insurance. A salvage title vehicle must be completely rebuilt and pass an inspection to confirm all damage has been repaired and is, once again, safe to drive. If it passes inspection, the vehicle is then issued a rebuilt title.Car Insurance for Rebuilt TitlesWhile it’s possible to purchase … Continued
Almost every finance company or bank offers financing for vehicles like cars, trucks, SUVs, and vans. If you’d like to expand your business and appeal to a wider variety of customers, you may want to consider adding heavy-duty equipment financing to your product options. Consolidated Automotive Services of Indiana assists many lenders with heavy-duty equipment title services. There is a multitude of benefits to providing this popular financial service, such as finance options for agricultural business owners, expansion of your customer base, and an investment source for local business owners.Financing Options that Appeal to Business OwnersYou can grow your customer base by offering finance options for agricultural business owners and other similar industries. Most farmers and ranchers have a need for heavy equipment, but they may not have the means to purchase industrial-strength machines. By offering heavy equipment financing or heavy equipment leasing, you can grow your business and assist … Continued
You may come across customers who aren’t familiar with your specific vehicle-buying process, including title transfer of ownership. They may have moved from a different state or this could be their first time purchasing a vehicle from an auto dealership. Consolidated Automotive Services of Indiana has years of experience assisting automotive dealers across all 50 states with a wide range of title services. Here’s what your customers may want to know about your specific transfer of ownership process.Information to Be Reviewed There’s a lot of information that needs to be checked and documented before a vehicle purchase can be finalized. To complete the title transfer of ownership without delays, the title information must be accurate and match the vehicle’s VIN, the buyer’s information, and the lender’s information. Other documents that may need to be checked include these:Customer’s photo IDSigned title and registration applicationProof of insurance for the buyerWhat to Expect at … Continued
The process of purchasing a vehicle can be a less-than-stellar experience. Some customers are weary of lengthy appointments filled with pressure to buy a vehicle beyond their means. Other customers get overwhelmed by the amount of paperwork involved. At Consolidated Automotive Services of Indiana, we’d like to help where we can by offering some tips on how you can minimize complaints and provide an amazing car-buying experience for your customers.Minimize the WaitingIn our fast-paced world, most of us have a difficult time waiting for anything — in the grocery line, for our dinner, and especially when purchasing a new vehicle. Many auto dealerships are changing their sales process by updating it for a more streamlined experience from start to finish. For some, this means integrating internal systems, taking advantage of online signature software, or using a lien search company for expedited service.Reduce Any PressureCustomers can feel uncomfortable when they are … Continued
While it would be great to never have any major problems with the vehicles you’re selling or financing, title washing is one problem that can cause your dealership or finance company a lot of headaches. This all-too-common, yet illegal, method of titling a vehicle can halt the vehicle buying or selling process in its tracks. At Consolidated Automotive Services of Indiana, we’d like to share some important information about title washing that can save you hours of frustration and aggravation.
When lenders have to repossess vehicles, their priority is to sell them and recoup as much of the loan as possible. They usually offer recovered vehicles at or below fair market value, making defaulted vehicles quite a bargain for car buyers. If you have customers who are looking for affordable vehicles, Consolidated Automotive Services of Indiana recommends looking at these four locations for great deals.