Tag: pre-approval

Battle for Auto Loan Customers Shifts from Dealership to Online Pre-Approval, J.D. Power Finds

45% of all customers now do research prior to financing a vehicle In an automotive market beset by supply shortages and record high prices, more vehicle shoppers than ever have begun shopping for vehicle financing before ever setting foot in...

December 6, 2021

Consumer perceptions about pre-qualification still uncertain

Consumer Credit Credit Approvals Digital Retailing Prequalification

Consumer perceptions about pre-qualification still uncertain

CAMBRIDGE, Mass. – The CarGurus consumer sentiment study focused on auto finance found a significant portion of participants said that receiving pre-qualification for financing before visiting the dealership would be useful. “Our research found that consumers are eager to purchase a vehicle...

March 10, 2021