CUNA Mutual’s AskAuto™ App Helps Members Buy Smart
September 10, 2013
Sept. 10, 2013
In today’s wireless world, there’s an app available for just about anything you might want to do with your mobile device. But until now, there hasn’t been an unbiased car-shopping app for credit union members.
That’s why CUNA Mutual Group has introduced the new AskAuto™ app—a powerful tool designed to make shopping for a car and applying for a loan easier for tech-savvy and younger members in their peak borrowing years.
After piloting the new research and lending application with eight credit unions, CUNA Mutual is now making the app available to all credit unions using the company’s loanliner.com® and SmartPhone Loan technology.
With the AskAuto app, members can scan vehicle identification numbers to get basic information such as average retail cost of the new or used vehicle and EPA mileage estimates. In addition, they can save notes about the vehicles they like in the AskAuto app for comparison later.
Meanwhile, your credit union can send messages about loan options and dealer relationships that might interest the app user—while they’re on the dealer’s lot.
Once a decision is reached, the member can apply for a loan using their smartphone and the AskAuto app, which interfaces with CUNA Mutual Group’s SmartPhone Loan and loanliner.com technology. By scanning their driver’s license, the AskAuto app prefills the loan application, saving time and ensuring accuracy of the data. Scanned vehicle information will prefill into the loan application, too.
Check out this video to see the app in action.
More than half of the car shoppers surveyed by JD Power & Associates in 2012 said they would access their mobile device at the dealership while looking for a new vehicle. The AskAuto app is one more way CUNA Mutual Group is innovating, providing new lending tools to support credit union members’ changing needs in the marketplace.
For more information about the AskAuto app, SmartPhone Loans and loanliner.com technology, contact CUNA Mutual Group at 800-356-2644.
Strategic Link is the NWCUA’s wholly-owned service corporation, using the power of aggregation to provide the Association’s member credit unions with exclusive high-quality, competitively-priced products and discounted services. Contact Director of Strategic Partnerships Craig Reed today to find out how Strategic Link can help your credit union save money while meeting its goals in 2013 and beyond: email@example.com.
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