Autotrader and Kelley Blue Book announced earlier this week it is working with LendingTree to offer more auto lending options. While sharing details about the new collaboration, Jai Macker, Senior Vice President of Product at Cox Automotive, the mother company of Autotrader and Kelley Blue Book, stated:
“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. 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.”
Dimitar Alexandrov, Vice President of Automotive for LendingTree, also commented:
“LendingTree gives consumers the convenience, choice and simplicity to speed up the time it takes to shop for a car and a loan. 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.”
The trio went on to add that Shoppers can visit Autotrader and Kelley Blue Book’s car loaning services to get a free online loan request, compare competitive rates and payment terms from multiple lenders and even use an auto loan calculator to determine monthly payments on loan amount, interest rate, and loan term.