Two companies are teaming up to bring a fully digital experience to the auto leasing process in the Canadian market.

taq Automotive Intelligence has joined Canadian lease take-over specialist LeaseBusters, on a partnership the companies said solidifies their commitment to providing a modernized and digital lease transfer process.

“This strategic partnership with LeaseBusters is rooted in our deep desire to transform the decades-old, antiquated process into a more efficient, streamlined practice that is in line with what consumers expect in today’s marketplace,” taq president John Currado said in a news release.

“This new venture will facilitate a level of consumer convenience not yet experienced in the lease transfer space, bringing it into the 21st century.”

As a result of the collaboration, LeaseBusters will use taq’s dx technology, which taq said gives both buyers and sellers and end-to-end lease transfer process that eliminates the need for paperwork.

taq said its technology includes credit link and co-app link features, enabling convenience for buyers during the initial lease transfer stage, and digital document and e-signature capabilities to provide efficiency and accuracy to the end process.

“As Canada’s vehicle lease transfer specialists and pioneers, we recognize that this space is primed for change,” LeaseBusters president Jim Matthews said. “In taq, we have found a partner that shares our mission to revolutionize the automotive customer’s buying journey through digital transformation.

“The launch of this partnership signifies a drive toward a new level of customer experience for leasing customers.”

taq’s digital lease transfer technology, offered immediately in Ontario, is also being made available to other lenders in the Canadian market, including SCI Lease Corp, whose president, Alan Bird, said, “taq is helping us fulfill our 2024 mandate of digital transformation and moves us closer to the fully digital leasing experience we want for our own customers.

“The evolution of the lease transfer process is only the first step in a journey that is primed for advancement.”