FARMINGTON HILLS, MI – RouteOne LLC announced that it has entered into an agreement with LendingTree Autos to enhance the online retail experience for dealers and consumers.
The online retail solution will enhance consumers’ experience in buying or leasing cars through RouteOne’s existing dealer channel. Consumers will be able to make vehicle selections from inventory, estimate monthly payment information with the ability to adjust the down payment and term, and apply for financing with dealers that participate in the program. Dealers can automatically obtain a FICO score, determine preliminary trade-in valuation, estimate fees and taxes, and manage the credit application process through their existing set of RouteOne tools. Dealers can also communicate application status information to consumers in real time.
“Our agreement with LendingTree Autos provides our dealership customers with another option to broaden their customer pipeline,” said Mike Jurecki , RouteOne CEO. “Dealers can utilize their indirect financing channel while extending their value proposition to a wide variety of online customers, creating a solution to compete in the online marketplace and increase their profit opportunity. We are proud to work with LendingTree Autos in this effort.”
“Our agreement with RouteOne will allow us to further streamline the automotive purchase process for consumers, removing the hassle, improving the experience, and saving time for both the car buyer and the dealer,” said Rick Finch , Vice President and General Manager of LendingTree Autos. “On www.lendingtreeautos.com, consumers will be able to trade-in their vehicle, compare listings from dozens of local dealers, request financing, and even receive and accept offers. Essentially, car buyers will be able to do everything online, except for test drive, sign, and drive the vehicle away.”
RouteOne was formed in 2002 by Ally Financial, Ford Motor Credit Company, TD Auto Finance, and Toyota Financial Services to create a more streamlined credit application for automobile dealers and their customers. Providing services to North American franchised and independent automotive dealers, RouteOne’s web-based system allows automotive dealers to submit credit applications to the largest indirect lenders, request credit reports, and increase profitability with RouteOne’s free Dealer Reporting Suite. RouteOne’s open integration business model also allows the dealer to integrate with their choice of a wide variety of best in class providers, including DSPs, CRM systems, F&I modules, and menu providers. RouteOne offers dealers a common platform for all their credit application financing needs. More information is available at www.routeone.com.
ABOUT LENDING TREE
LendingTree Autos is the nation’s leading online resource for automotive needs, empowering consumers in all of their automotive-related decisions. LendingTree Autos provides a full suite of automotive tools and information, where consumers can receive and compare quotes from dealers, view new and used car listings, connect with auto loan services and receive automotive tips, and advice through educational materials. For more information, visit www.lendingtreeautos.com.