Ezlane Online Auction
Ezlane's Online Auction Advantages: A Modern Solution for Credit Union Vehicle Sales
Ezlane, established in 2010, is an online auction platform designed to align with the ever-growing online vehicle sales industry. Online sales are continuously increasing, and we predict they will surpass traditional brick-and-mortar sales within the next five years.
Additional Benefits for Credit Unions Partnering with EZLane:
1. Reduced Storage Costs and Faster Title Processing
We understand that credit unions must adhere to a redemption period. During this time, the repossessed vehicle is typically kept at a repossession company. Once this period ends, we can transfer the vehicle to our secure marshalling yard. We'll store the vehicle for a nominal fee (compared to what you currently pay) while the title application is processed.
2. Enhanced Vehicle Security and Condition Preservation
Once at our facility, vehicles are kept in a secure location and are only driven by Ezlane inspectors for condition assessments. This contrasts with brick-and-mortar auctions, where numerous car dealers may drive the vehicles multiple times, potentially using aggressive driving methods, causing damage, or even employing deceptive tactics to lower the vehicle's value. Ezlane's online auctions offer a technological solution to vehicle sales, aligning with current industry trends.
3. Continuous Sales Activity and Negotiation Opportunities
Ezlane lists and actively markets vehicles 24/7 from the moment they are received. This contrasts with brick-and-mortar auctions, where cars are only available for sale during specific auction times and may only receive 30 seconds of attention. With Ezlane, negotiations occur continuously, increasing the chances of a prompt sale.
4. Expanded Market Reach and Accessibility
Ezlane's online platform attracts thousands of potential buyers. Traditional auctions are limited by the physical space and can only accommodate a certain number of dealers. While some brick-and-mortar auctions offer basic online bidding, buyers are still constrained by time and location. Ezlane allows buyers to participate conveniently from anywhere, at any time.
Vehicle Sales Process:
Once a vehicle is sold, the title is sent to EZLane's corporate office. An ACH is sent to the seller with 24 hours of receipt of a transferable title.
EZLane Online Auction
℅ Kristen Butler/Jennifer Brown
301 S Side Square
Clinton, IL
1-217-937-100