Electronic Lease Buyouts for Colorado Dealerships
Electronic lease buyouts are now available to Colorado Dealerships.
Learn more about how DTS can make you more efficient.
Process Lease Buyouts Digitally Without Registration Interruptions
Lease buyouts have historically been one of the most frustrating transactions for Colorado dealerships. Processing a buyout the traditional way often interrupted a customer’s registration, required manual county coordination, and created unnecessary delays.
With the DRIVES CORE21 upgrade, Colorado dealerships can now process lease buyouts electronically through DTS and DRIVES, allowing the transaction to be completed without interrupting registration and without the county-by-county chaos.
Flip Title from Lessor to Lessee Electronically
A lease buyout is functionally a title transfer.
The DTS - EVTR Lease Buyout functionality allows dealerships to electronically flip the title:
- From the lessor (such as a credit union or leasing company)
- To the former lessee, who becomes the new owner on title
This process is handled digitally, reducing errors and eliminating manual paperwork.
Add Financing and Unlock Lease Buyout Revenue
Lease buyouts don’t have to be administrative-only transactions.
Dealerships can add financing to a lease buyout, including adding a new lienholder at the time of titling. In typical lease buyout deals, dealerships often see:
- Revenue from buyout markup
- Financing fees, depending on how the store structures the transaction
This turns lease buyouts into a meaningful F&I opportunity while keeping the process compliant and efficient.
Electronically Submit DR0024 and Update Customer Information
DTS supports electronic submission of required lease buyout forms, including:
- DR0024, submitted electronically through DTS
Dealerships can also:
- Submit a new customer address so the new title is delivered correctly
- Add a lienholder when financing the buyout
All documentation stays attached to the transaction inside the DTS portal.
Lease Buyout Tax Handling That Matches Your Existing Workflow
Lease buyout taxes are handled in a way that mirrors how Colorado dealerships already operate:
- DR0100 sales taxes continue to be remitted as usual with your regular monthly state tax payments
- Taxes on the buyout amount (amount paid at signing) are remitted to DTS for out-of-area transactions
- DTS remits those taxes directly to the appropriate counties, so you’re not cutting checks county-by-county
Your accounting process stays intact – with far less administrative work.
One Vendor Instead of 64 Counties
The theme is consistent throughout the lease buyout process.
Rather than working with 64 separate Colorado counties, dealerships use DTS as their single vendor for:
- Lease buyout submissions
- Tax remittance coordination
- Questions and transaction support
- Status updates and visibility
Everything flows through one system, with one point of contact.
Why Colorado Dealerships Use DTS for Electronic Lease Buyouts
- Electronic lease buyout processing through DRIVES
- No registration interruption
- DR0024 submitted electronically
- DR0100 taxes remitted as usual
- Centralized tax remittance
- Financing and lien support
- One vendor for all Colorado counties
Transform Your Title Processing
Ready to see how swift and simple title processing can be? Get your first dealership resale title on us.
