AUTOPAY, a marketplace lender that provides automotive purchase finance and refinancing services, announced it has recently partnered with TRED, an online peer-to-peer vehicle marketplace, to streamline the online car buying process by providing shoppers with instant access to financing.
TRED facilitates used car sales by inspecting, listing, and handling communications on behalf of the seller, and offering added benefits to buyers such as vehicle history reports, extended service contracts and warranties. AUTOPAY’s platform integrates with TRED’s site, enabling users at all levels of the credit spectrum to conveniently apply for financing while they shop. AUTOPAY then handles the closing, gathering of documents, quality assurance and title administration.
“Our goal at TRED is to make the car buying process more convenient for both buyers and sellers, and now we are able to truly be a one-stop shop,” said Grant Feek, CEO at TRED. “Our customers are already benefiting from this partnership, as evidenced by the increase in completed deals supported by AUTOPAY financing.”
TRED shoppers also benefit from selecting financing and insurance products directly from TRED’s digital interface, which allows car buyers to determine the best loan option for their lifestyle without having to talk to a salesperson if they choose not to. AUTOPAY’s quick financing process allows the buyer to acquire the funds needed to purchase their vehicle on TRED in about one day, and without paying out-of-pocket costs or fees.
“At AUTOPAY, we strive to deliver market-best rates and terms, as well as superior customer service,” said Jeff Hutcheson, Managing Partner at AUTOPAY. “We are pleased to partner with TRED, a company that shares our belief that auto financing should be easy and transparent.”