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Shoppers can go to to pre-qualify for free and with no impact on their credit score. That results in saved time for both consumers and dealers,” Berg continued.Īccording to the CarGurus 2020 Buyer Journey report, 61% of consumers that buy at a dealership finance their purchase, and more than half (53%) do so through the dealership where they buy.ĬarGurus explained Finance in Advance is designed to an easy-to-use feature for eligible shoppers to obtain pre-qualification for vehicle financing. “Shoppers that use CarGurus’ pre-qualification tool will know the real costs of their desired vehicle and can go to the dealer ready to complete their financing. As the pioneers of trust and transparency in automotive retail, we believe that providing shoppers with information about financing rates will help guide better purchase decisions,” CarGurus vice president of consumer products Josh Berg said in a news release. “Financing is a critical, yet often forgotten about, part of purchasing a car. Site leaders highlighted the service is the latest in CarGurus’ growing suite of digital retail products engineered to help consumers and dealers by bringing ease and transparency to the vehicle-shopping process. CarGurus welcomed GLS into its portfolio of integrated financing providers in August. CarGurus forged a relationship with Capital One in May 2019 and then with Westlake later that year.

Capital one auto finance sign in