We can provide your borrowers with tax and fee estimates during the auto loan process for all US states and jurisdictions. For consumer auto loans, we deliver real-time tax and fee estimates plus a document checklist and blank forms, so you can provide the information your customers need immediately.
iLien Motor Vehicle provides the simple, at-your-fingertips solution that helps improve customer experiences by letting them know what’s needed ahead of time. The result is reduced risk and faster title perfection.
Incomplete information can prevent a borrower from registering their vehicle and lead to an unperfected title. Our instant, real-time estimates of DMV taxes and fees eliminate the guesswork and provide a great customer experience. Click here to try it for free
Know the total cost
We provide complete tax and fee requirements based on the best available information from over 3,000 jurisdictions in all 50 states – information that’s constantly changing. Click to download our white paper on jurisdictional challenges and see just how important the right partner can be.
Document checklist and forms
Real-Time Estimates is an easy-to-use solution that fits smoothly into your existing lending processes and now includes a Document Checklist and Forms. You have the option to easily provide your borrowers a checklist of items and the blank forms they need so they are better prepared at the DMV.
Less customer frustration
It’s an unpleasant surprise to visit the DMV and find that additional funds are needed. With accurate tax and fee estimates, Lien Solutions helps you keep borrowers happier by letting them know what’s needed ahead of time. They can complete their transaction in one visit to the DMV, and potentially add the extra cost into their loan to avoid having to pay cash out of pocket.
Faster titling and perfection to reduce risks to lenders
When customers don’t know the full costs required by the DMV, they often have to spend time finding the extra funds and visiting the DMV again. To better prepare your customers and eliminate these delays, you can provide the tax and fee estimates, a document checklist, and blank forms they need to make sure that titling goes smoothly and your interests are protected faster.
Save time and resources
Determining the taxes and fees at different DMVs with varying requirements takes valuable employee time and is a drain on resources. Lien Solutions already knows what different jurisdictions require, so you don’t have to find out for yourself each time.
My borrowers are responsible for filing their own titles: How can I make sure this goes smoothly?
It’s important to perfect your interest in a motor vehicle as soon as possible after a loan is made. With tax and fee estimates, Lien Solutions enables you to inform borrowers early in the process about what they will need to pay at the DMV. This ensures a better experience for both borrowers and lenders. Borrowers are prepared to get things right the first time at the DMV. And, you benefit from quick, mistake-free perfection.
How can I help customers better understand the total cost of ownership of a vehicle?
Having a clear estimate of what taxes and fees will be owed allows you to communicate more of the total cost associated with owning a vehicle. You can even roll the tax and fee amounts into the value of the loan, factoring those costs into the credit application process.
How can I provide a better experience for my customers during the title processing phase?
Letting borrowers know ahead of time what’s needed at the DMV is a great way to avoid unpleasant surprises or the need to come up with additional funds at the last minute.
I like the idea of providing better estimates of what taxes and fees will be owed; but, how do I fit this into my existing lending processes?
iLien Motor Vehicle tax and fee estimates are designed to align seamlessly with your existing processes, and can be incorporated at various stages of your workflow. They’re delivered in easy-to-learn, easy-to-use PDF templates.