CarGurus Pre-Approvals

Morgan Hardy

I've had a lot of customers recently tell me that they've already been approved through CarGurus. This is the first that I'm hearing this. Are they working with a specific lender?

Jeremy Sacco

Right now we're working with Capital One and Westlake, so any of our dealers who already use those lenders can get vehicle leads that include a prequalification. The loans run through your existing agreements with the lenders, so you keep the same fees as always. Here's a short video and some details about the program

Hope that helps! Please reach out to your CarGurus rep if you have any questions.

Chris K Leslie

How much are those banks paying you guys to do this? 

Morgan Hardy

I have no clue! I've heard this from customers.. as far as the CarGurus

Morgan Hardy

@Chris- What do you mean?

Chris K Leslie

I am sure Cargurus is not working with these banks to pre aprove people without getting some sort of kickback from the banks themselves. SO I was asking the cargurus guy how much those banks are paying to be part of the program.

 

 

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