SANTA
MONICA, Calif., Oct. 26,
2022 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE),
the easiest, most efficient, and transparent online destination for
buying and selling new and used vehicles, is piloting a new online
credit application feature, as part of the core product offering on
truecar.com for consumers in Southern
California. The pilot, which is launching with nearly 200
dealers, will allow consumers who visit truecar.com to structure
VIN-specific lease, finance or cash payments online and instantly
request credit approval.
TrueCar's new online credit application pilot features prominent
incentives programs, as well as applicable taxes and fees, to
provide full pricing transparency and tailors the implementation to
each participating dealership's preferences, such as enabling the
auto lenders chosen by the dealer.
"This online credit application is one more step toward online
vehicle transactability. We know it's important for our lender
partners to have greater opportunities to offer financing up front
to consumers," said Mike Darrow,
President and CEO at TrueCar. "We're continuing to bring new
functionality to TrueCar that optimizes both the consumer and
dealer experiences."
About TrueCar
TrueCar is a leading automotive digital marketplace that lets
auto buyers and sellers connect to our nationwide network of
Certified Dealers. With access to an expansive inventory provided
by our Certified Dealers, we are building the industry's most
personalized and efficient auto shopping experience as we seek to
bring more of the process online. Consumers who visit our
marketplace will find a suite of vehicle discovery tools, price
ratings and market context on new, used and Certified Pre-Owned
vehicles. When they are ready, shoppers in TrueCar's marketplace
can connect with a Certified Dealer in our network, who shares our
belief that truth, transparency and fairness are the foundation of
a great auto shopping experience. As part of our marketplace,
TrueCar powers auto-buying programs for over 250 leading brands,
including AARP, Sam's Club, Navy Federal Credit Union and American
Express.
For more information, please visit www.truecar.com, and follow
us on LinkedIn, Facebook or Twitter. TrueCar media email:
pr@truecar.com
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SOURCE TrueCar.com