Driveitaway.com Joins eCarCredit.com to Offer Online Financing for Used Cars
A strategic alliance between Driveitaway.com, a Web site focusing on dealer-to-consumer used-car auctions, and eCarCredit.com, an online subprime finance site, now makes it possible to find a used car and to finance the purchase online. Under the agreement, consumers bidding on cars through Driveitaway.com's auction site can ap-ply for and receive a loan online at eCarCredit.com before they even bid on a car. Because the con-sumer, rather than the specific vehicle, is approved, the loan can be used toward any car on the site and need not be renewed for each specific auction. The vehicles for sale at the Driveitaway.com site are all offered by dealers and typically start the bidding process well under retail price. The company recently entered into a relationship with Ford that expands its dealer network to include 28 dealer-ships operated by the Ford Dealer Development group from Maine to North Carolina.
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