McLEAN, Va. -

XpressCredit — a provider of a web-based, indirect lending platform for independent dealerships —recently entered into an agreement with NADA Used Car Guide to accelerate the used vehicle sale and loan approval process.

Executives explained the integration of NADA Used Car Guide's values into XpressCredit's BookOut product to its dealer and finance company subscribers is designed to enhance the sale process, ultimately benefiting the customer. With the NADA Used Car Guide values enhancement, BookOut can allow dealers to save and obtain used valuations and transmit vehicle valuations to finance company subscribers as part of a credit application.

The company insisted it is a one-stop process that streamlines the use of several different tools into one software experience for dealers.

“We know the use of our accurate and trusted values will help dealerships close deals faster and with accuracy,” NADA Used Car Guide vice president and general manager Mike Stanton said. “With the integration of our values, dealers will no longer have to go outside of the XpressCredit platform to include critical used vehicle price information for lender approval."

According to XpressCredit's managing partner Patricia Reinhold, “With the inclusion of NADA Used Car Guide Values into our BookOut product, everybody wins.

“Customers will spend less time running through the loan approval process and dealers will not waste any time booking out vehicles. This is a true winner,” Reinhold went on to say.