Lease Credit Approval Rates Rise to 72.3% Entering March
Online credit applications increase as shoppers seek alternative means of vehicle acquisition.
Online credit applications increase as shoppers seek alternative means of vehicle acquisition.
A new solution from CoreLogic Credco was designed to help auto dealers efficiently prequalify potential customers via soft-pull credit reports and scores from all three national credit bureaus.
Credit unions using GrooveCar will now receive credit applications in their AppTrac system through Dealertrack’s credit application network. Participating credit unions will also be able to send loan decisions back to dealers through the network.
The software company’s credit application network now claims more than 1,200 finance sources, growing from just five when the platform was launched in 2001.
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