AutoTrader.com and Capital One Auto Finance Partner to Make Car Buying Even Easier
ATLANTA--AutoTrader.com, the ultimate automotive marketplace, today announced a strategic partnership with Capital One Auto Finance, providing website visitors a comprehensive and user-friendly finance tool and resource to assist with the car-buying process. The new agreement empowers AutoTrader.com consumers with an easy process to secure a new loan on a vehicle or refinance a currently-owned vehicle via competitive online auto finance rates.
Under the agreement, Capital One will be showcased on AutoTrader.com’s homepage as its featured financial resource. This streamlined environment will allow car shoppers to apply for Capital One’s no-obligation Blank Check®, which gives consumers the power of a cash buyer, allowing them to remain flexible in the purchase process. Consumers receive a response within 15 minutes of submitting their application online and those who qualify may receive financing as early as the next day. This process allows consumers the flexibility to purchase a vehicle from a new, used or private party seller. In addition, the website will offer tools such as a Monthly Payment Calculator, which helps consumers determine their monthly payments on a vehicle.
“AutoTrader.com is dedicated to providing the best resources to our consumers to assist them with the car-shopping process,” said Chip Perry, president and chief executive officer, AutoTrader.com. “Capital One is a highly-respected financial institution that consistently delivers flexible financing options to meet each car-buyer’s respective needs in today’s evolving automotive marketplace.”
“Capital One is committed to empowering consumers by combining an easy loan process, great service and low rates,” said Ryan Schneider, president of Capital One Auto Finance. “The combination of AutoTrader.com’s resources with our No-Hassle auto loan experience is a win-win for consumers.”
About AutoTrader.com
AutoTrader.com, created in 1997 and headquartered in Atlanta, Ga., is the Internet's leading auto classifieds marketplace and consumer information website. AutoTrader.com aggregates in a single location more than 3 million vehicle listings from 40,000 dealers and 250,000 private owners, which provide the largest selection of vehicles attracting more than 11 million qualified buyers each month. Through innovative merchandising products such as multiple photos and comprehensive search functionality, AutoTrader.com unites buyer and seller online - dramatically improving the way people research, locate and advertise vehicles.
AutoTrader.com is a majority-owned subsidiary of Cox Enterprises. The venture capital firm Kleiner Perkins Caufield & Byers is also an investor.
About Capital One Auto Finance
Headquartered in Plano, Texas, Capital One Auto Finance, Inc., (www.capitalone.com/autoloans/), is a full-credit spectrum auto lender which offers a wide-range of auto finance products. Capital One Auto Finance is the nation’s third largest independent auto lender as well as the nation’s largest direct mail and online vehicle financing provider with managed outstandings of $21.75 billion. Capital One Auto Finance has a nationwide dealer network of over 20,000 dealers while recently becoming the first large-scale vehicle financing company to offer its Agent Banking Auto Finance program. Capital One Auto Finance is a subsidiary of Capital One Financial Corporation .