U.S. Bank Offers New Online Tool to Help Consumers Get Fast, Convenient Car Loan Approvals
February 22 2018 - 10:00AM
Business Wire
U.S. Bank partners with AutoGravity to
simplify new car financing
U.S. Bank has launched a digital offering on its website that
allows consumers to shop for a new car and get pre-approved for a
loan, all before actually stepping foot in a dealership.
Working with financial technology startup AutoGravity, U.S Bank
created a new platform on USBank.com that provides a simplified,
streamlined loan application process for users that typically takes
just minutes to receive a loan decision.
Car buyers using the new U.S. Bank tool simply:
1) Pick their car and select a dealership
online
2) Apply for a pre-approval for a U.S. Bank
loan online
3) Close the loan at the dealership and drive
off in their new car
“We want our customers – both car buyers and dealerships – to
have the best, most seamless experience possible,” said John Hyatt,
executive vice president, consumer dealer services for U.S. Bank.
“This technology helps us get the buyer in the driver’s seat sooner
and brings pre-approved customers to the dealership.”
Besides saving consumers time, the new technology improves
customers’ overall car-buying experience by providing them with
pre-approved loan terms going into the dealership.
“Together, AutoGravity and U.S. Bank have taken the first step
on a journey to revolutionize the digital car-buying experience,
empowering U.S. Bank’s customers to finance their next car in
minutes, anytime and anywhere they want,” said Andy Hinrichs,
founder and CEO of AutoGravity.
U.S. Bank’s digital loan platform is currently available via the
U.S. Bank website for those individuals looking to buy a new car
through dealerships served by U.S. Bank. It will expand to the
bank’s mobile app and be available to used car buyers and
co-applicants in the coming months.
About U.S. BankU.S. Bancorp, with 73,000 employees and
$462 billion in assets as of Dec. 30, 2017, is the parent company
of U.S. Bank, the fifth-largest bank in the United States. The
Minneapolis-based bank blends its branch and ATM network with
mobile and online tools that allow customers to bank how, when and
where they prefer. U.S. Bank is committed to serving its millions
of retail, small business, wealth management, payment, wholesale
and securities services customers across the country and around the
world as a trusted financial partner, a commitment recognized by
the Ethisphere Institute naming the bank a 2017 World’s Most
Ethical Company. Visit U.S. Bank online or follow on social media
to stay up to date with company news.
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Heather DraperU.S. Bank external
communications612-528-5409heather.draper@usbank.com
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