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CarsDirect is an American online automotive research portal and car buying service based in El Segundo, California, that allows consumers to research, price, purchase, insure and finance a vehicle online. The company also provides lead generation and referral services to auto dealers.
Autotrader.com was founded in 1997. [2] It was derived from Auto Trader magazine, first published by Stu Arnold in 1973. [5] Freelance photographers would travel to the address of a customer to photograph their vehicle.
The dealer portal is restricted to professional car dealers. Dealers become notified of cars that suit their requirements once they become available, and place offers in a daily online sale. [ 23 ] When dealers purchase vehicles, they can arrange collection with the company's end-to-end transportation service, Motorway Move, [ 24 ] and purchase ...
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"If the dealer shows you loan terms that are longer than 72 months, ask them to re-run the numbers with a shorter loan," he said. "If you can't afford the payments on a six-year or shorter loan ...
With used car dealers, specialty finance companies cater to their industry. Rather than offering loans for each individual vehicle purchase, most floor planning companies supply dealers with a revolving line of credit [ 5 ] that they can use to acquire inventory, such as through automobile auctions .
A single-dealer portal is a stand-alone service provided by a bank for trading a specific set of products in one asset class, and is usually narrow in scope. A single-dealer platform, by contrast, is a broad layer of software that allows a bank to offer integrated information and trading across most or all of its businesses.