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THE GOOD FIGHT: Paul John, executive director of the Georgia Independent Automobile Dealers Association, discusses how the association fought against state legislation that would have raised the taxes on used-car purchases.

Online Seller Offers New Financing Program

Online Seller Offers New Financing Program Featured

Online auto retailer Carvana has launched a prequalification program that provides customers personalized financing terms without impacting their credit scores.By answering 10 basic questions, customers can instantly view financing options and exact payment terms for which they prequalify across all vehicles available on Carvana.com. Other types of inquiries can lower credit scores by up to five points and remain on a person's history for up to two years.“Our main focus is on consumers, with the goal to bring transparency back into the car buying process,” said Ernie Garcia, Carvana CEO and co-founder.Eighty-eight percent of car buyers use the Internet to shop, according to the AutoTrader’s 2016 Car Buyer Journey. As the industry continues to shift online, Carvana has introduced FinTech tools that allow consumers to make more informed decisions to ensure they are purchasing the best car for their budget and needs.

Last modified on Thursday, 20 October 2016 21:16
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Cars.com Appoints New Exec

Cars.com Appoints New Exec

Cars.com has appointed Andy Jacobson as its new senior vice president of national sales.Jacobson most recently served as vice president of client development at Conversant LLC,...

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