CarGurus Launches Finance in Advance™, A New Digital Retailing Feature
January 29, 2021 at 07:30 pm IST
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CarGurus, Inc. announced a new feature that enables shoppers to pre-qualify for financing as they search on CarGurus for their next car. Pre-qualification offers are provided through the multiple participating lenders that work with CarGurus listing dealers, allowing consumers to go to the dealership with real rates in hand for the specific car in which they are interested. The service is the latest in CarGurus growing suite of digital retail products engineered to help consumers and dealers by bringing ease and transparency to the car shopping process.
CarGurus, Inc. (CarGurus) is a multinational, online automotive platform for buying and selling vehicles that offers both digital retail solutions and the CarOffer digital wholesale platform. The CarGurus platform enables consumers to buy and/or sell a vehicle either online or in-person, and it gives dealerships the power to accurately price, instantly acquire, effectively market, and quickly sell vehicles, all with a nationwide reach. The Company operates through two segments: U.S. Marketplace and Digital Wholesale. The U.S. Marketplace segment provides marketplace services for customers within the United States. The Digital Wholesale segment provides Dealer-to-Dealer and Instant Max Cash Offer (IMCO) services and products which are sold on the CarOffer platform. The Company operates online marketplaces under the CarGurus brand in Canada and the United Kingdom. It also operates the Autolist and PistonHeads online marketplaces in the United States and the United Kingdom.
CARGURUS, INC. 
