IRVINE, Calif., and CHARLOTTE, N.C. — Cox Automotive brands Autotrader and Kelley Blue Book have teamed with LendingTree to provide visitors of both sites with the ability to request a loan, compare competitive rates and payment terms from multiple lenders, and use an auto loan calculator to determine monthly payments based on loan amount, interest rate and loan term.
"Bringing LendingTree's capabilities to Autotrader and Kelley Blue Book will help new- and used-vehicle shoppers by creating a seamless experience to research, shop for and secure financing on a vehicle all in one spot," said Jai Macker, senior vice president of product for Cox Automotive. "Our ultimate goal is to empower consumers with comprehensive new- and used-car information on both sites, including finance options for their specific needs while they navigate the car-shopping process."
LendingTree is an online loan marketplace that allows users to comparison-shop across a full suite of loan and credit-based offerings. The tech firm has facilitated more than 65 million loan requests since its inception.
“LendingTree gives consumers the convenience, choice, and simplicity to speed up the time it takes to shop for a car and a loan,” Dimitar Alexandrov, vice president of automotive for LendingTree. “Together with Autotrader and Kelley Blue Book, we are able to provide 36 million-plus shoppers the information they need to find and compare rates and terms from multiple lenders, all while online."
Originally posted on F&I and Showroom