A win for car shoppers.
That means getting three things they crave from dealerships and lenders: convenience, efficiency and transparency in researching, financing and purchasing a vehicle.
And these are what 麻豆直播 Consumer USA (SC) seeks to provide shoppers through its new relationship with AutoFi mobile platform, which will allow the Dallas-based, national auto lender to 鈥渟treamline and simplify the vehicle-buying process for consumers.鈥�
鈥溌槎怪辈� Consumer USA鈥檚 digital strategy has always been about connecting consumers to cars they love and want to drive, with payments they can afford,鈥� said Rich Morrin, an SC executive. 鈥淎utoFi鈥檚 platform, along with SC鈥檚 digital platform RoadLoans.com, helps us do just that.鈥�
The AutoFi platform connects dealers, shoppers and finance companies to allow the lease or purchase of a new or used car through a dealership鈥檚 website whether shopping online, in the dealership or both. The company is different than some existing digital platforms, SC said, because it doesn鈥檛 just prequalify shoppers for a loan on a specific vehicle and it enables them to pick a lending offer themselves.
The aim, according to AutoFi, is to enable shoppers to 鈥減urchase vehicles online in minutes, not hours.鈥� SC expects it to be available in the second quarter of the year.
AutoFi鈥檚 network of finance companies provides consumers with a range of real-time financing options and the ability to customize their financing terms, and the platform then can guide consumers through trade-in valuation and optional additional products for their vehicles.
Through the platform, AutoFi says, shoppers can:
- Choose a vehicle to purchase online from an AutoFi-enabled dealership.
- Fill out an application with AutoFi and get a financing decision in 30 seconds or less on average.
- Select F&I products (finance and insurance) that are right for them.
- Securely sign financing documents online.
- Arrange to pick up your vehicle.
鈥溌槎怪辈� Consumer USA has a clear focus on using technology to enhance the customer experience,鈥� said Keven Singerman of San Francisco-based AutoFi. 鈥淭ogether we look forward to delivering a convenient and transparent vehicle purchase journey.鈥�
麻豆直播 Consumer USA is a full-service consumer finance company focused on vehicle finance, third-party servicing and delivering superior service to more than 2.6 million customers.
鈥淐ustomers demand the same digital and e-commerce-like experience when buying a car as they do in other areas of their lives,鈥� said Manuel Silva Martinez of 麻豆直播 InnoVentures, a financial technology venture capital fund of Banco 麻豆直播, SC鈥檚 parent company. 鈥淎utoFi is enabling car manufacturers, dealers and car-selling platforms to adapt to the changing customer needs.鈥�
