CarGurus Partners with Chase to Expand Consumer Financing Options
29 1월 2024 - 11:00PM
CarGurus (Nasdaq: CARG), the No. 1 visited digital auto platform
for shopping, buying, and selling new and used vehicles1, today
announced the addition of Chase to its multi-lender financing
platform, expanding options for consumers looking to pre-qualify
for auto financing from the comfort of home.
Available nationwide, Chase joins CarGurus’ network of
participating lenders — which also includes Capital One, Global
Lending Services, and Westlake Financial — to empower consumers
with personalized vehicle financing information while enabling
dealers to better serve the growing number of shoppers who prefer
to arrange financing online. According to CarGurus consumer
research, over 70% of car shoppers want to handle more of the
process from home, with the majority (56%) citing financing as
their top desired online activity. Data also shows that those who
pre-qualify for financing are more likely to successfully complete
a purchase, with pre-qualified leads through CarGurus being 41%
more likely to close compared to leads that aren’t pre-qualified or
financed2.
“CarGurus’ partnership with Chase demonstrates our shared vision
to equip shoppers with the tools needed to make an informed
purchase with confidence and ease, while also helping dealers
deliver on their goals for a seamless and efficient customer
experience,” said Gerard Murphy, Vice President of Product, Digital
Retail, at CarGurus. “We believe this expansion answers a rising
need for finance-based shopping tools that allow consumers to
better understand how much they can afford earlier in the shopping
journey, ultimately helping connect more informed, high-intent car
buyers with dealers.”
Customers can pre-qualify for financing directly on the CarGurus
website, gaining access to personalized rates and monthly payment
scenarios within minutes with no impact to their credit scores.
Pre-qualified shoppers can then review vehicles through a more
customized lens, seeing their rates and monthly payments on
listings available through dealerships that offer Chase financing.
Once a vehicle is selected, buyers submit a credit application at
the dealership to finalize the financing terms and complete the
purchase.“We want to help car buyers get the financing that’s right
for them,” said Anuj Jain, head of Auto Product and Consumer
Services at Chase. “By pre-qualifying with Chase early in the
process, we hope to give shoppers on CarGurus confidence in their
buying power.”The program is available nationwide through the more
than 9,000 dealerships that work with both CarGurus and Chase.
Financing through this partnership will be available for eligible
new and used vehicles listed by participating dealers on
CarGurus.com. Dealers that have questions about the partnership
between CarGurus and Chase can contact their CarGurus account
representative, call 1-800-CARGURUS, or email
marketing-us@info.cargurus.com.
About CarGurus, Inc.
CarGurus (Nasdaq: CARG) is a multinational, online automotive
platform for buying and selling vehicles that is building upon its
industry-leading listings marketplace with both digital retail
solutions and the CarOffer online wholesale platform. The CarGurus
platform gives consumers the confidence to purchase and/or sell a
vehicle either online or in-person, and it gives dealerships the
power to accurately price, effectively market, instantly acquire,
and quickly sell vehicles, all with a nationwide reach. The company
uses proprietary technology, search algorithms, and data analytics
to bring trust, transparency, and competitive pricing to the
automotive shopping experience. CarGurus is the most visited
automotive shopping site in the U.S. 1
CarGurus also operates online marketplaces under the CarGurus
brand in Canada and the U.K. In the U.S. and the U.K., CarGurus
also operates the Autolist and PistonHeads online marketplaces,
respectively, as independent brands.
To learn more about CarGurus, visit www.cargurus.com, and for
more information about CarOffer, visit www.caroffer.com.
CarGurus® is a registered trademark of CarGurus, Inc., and
CarOffer® is a registered trademark of CarOffer, LLC. All other
product names, trademarks and registered trademarks are the
property of their respective owners.
1 Similarweb: Traffic Insights, Q3 2023,
U.S.2Source: S&P Global Mobility – Polk Signals, based on all
CarGurus leads between Q1 2022 through Q3 2022
About Chase
Chase is the U.S. consumer and commercial banking business of
JPMorgan Chase & Co. (NYSE: JPM), a leading financial services
firm based in the United States with assets of $3.9 trillion and
operations worldwide. Chase serves nearly 80 million consumers and
nearly 6 million small businesses, with a broad range of financial
services, including personal banking, credit cards, mortgages, auto
financing, investment advice, small business loans and payment
processing. Customers can choose how and where they want to bank:
More than 4,700 branches in 48 states and the District of Columbia,
more than 15,000 ATMs, mobile, online and by phone. For more
information, go to chase.com.
Media Contact:Maggie MeluzioDirector, Public
Relations & External Communicationspr@cargurus.com
Investor Contact:Kirndeep SinghVice President,
Investor Relationsinvestors@cargurus.com
CarGurus (NASDAQ:CARG)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
CarGurus (NASDAQ:CARG)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024