Last week, DealNow.com launched its new Instant Loan Lookup and Payoff Solution, designed to reshape inventory acquisition for dealers.

The company highlighted this tool can address the growing challenges dealers face in sourcing quality used vehicles amid current market conditions.

“Dealers are facing an unprecedented shift in inventory acquisition,” DealNow.com CEO Brad Parker said. “Our new solution empowers them to tap into the growing trend of purchasing directly from private sellers, bypassing traditional auction channels.”

DealNow.com’s Instant Loan Lookup and Payoff Solution can eliminate the need for dealers to manually call banks and finance companies for payoff information, a process that has long been a source of administrative frustration and inefficiency. With this new tool, dealers can:

—Instantly access accurate contract payoff information

—Expedite the vehicle acquisition process

—Make informed purchasing decisions with confidence

DealNow.com went on to say its solution can address inventory challenge by enabling dealers to:

—Source vehicles directly from private sellers

—Reduce dependency on wholesale auctions

—Make quicker, more informed purchasing decisions

“Our platform provides dealers with the visibility and speed they need to compete in today’s fast-paced market,” Parker said. “It’s vehicle acquisition, made simple.”

To more details, go to DealNow.com.