RouteOne And LendingTree Autos To Provide Enhanced Online Retail Experience
For Consumers Seeking To Buy Or Lease Cars From Automotive Dealerships
FARMINGTON HILLS, Mich., Feb. 8, 2013
FARMINGTON HILLS, Mich., Feb. 8, 2013 /PRNewswire/ --Today, 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
"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."
Dealers may visit RouteOne in booth #1629 at NADA in Orlando 2/9 – 2/11 to
learn more, or contact RouteOne at 866.933.0663 or
email@example.com for additional information.
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
CONTACT: Suzi Straffon
SOURCE RouteOne LLC
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