AutoUSA Internet Sales Solutions -- AutoNation Inc.'s lead-referral unit -- has launched an online service that allows consumers search dealership Web sites for new and used vehicles using monthly payments as basis. The service -- called Shop-By-Payment -- is offered by and available to dealers who subscribe to Payment Pro, AutoUSA’s payment-based prequalification tool for dealership Web sites.
AutoUSA president Phil DuPree said in a statement that customers can search for vehicles they can afford based on monthly payment, instead of the make, model or price. According to AutoUSA, the Shop-By-Payment works by giving consumers who visits a dealership Web site an option to search inventory based on their desired monthly payment. After picking a certain price, consumer will be asked to provide their names, addresses, phone numbers and other information.
Once they click the "Get Payments" button, they authorize AutoUSA to fetch personal credit and other information for credit prequalification. Shop-By-Payment then displays monthly payment quotes based on the consumers' credit, the dealership's finance programs and available vehicle inventory.
Once matching vehicles are displayed, the service allows consumers to change search criteria from monthly payments to down payments or the "bottom line" price they want to pay. Once they click on a button with the desired monthly payment, the information is then forwarded to the dealership as a sales lead. AutoUSA assured that consumer credit scores will not be affected by the Shop-By-Payment service.