Online lending platform LendingArch recently announced that it has expanded its network of automotive dealerships through carsfast.ca so Canadian consumers can more easily secure auto financing.
The company’s platform streamlines the auto loan application process. It does this by analyzing applicant data in real-time thanks to what it calls a “proprietary methodology.” The end result allows LendingArch to pre-qualify consumers and match them with the most suitable dealerships — the ones that best fit their needs.
“Our mission has always been to simplify the auto financing process and make it more accessible for Canadians,” said Paul Hadzoglou, President of LendingArch, in a statement. “We take pride in our ability to empower consumers while providing dealerships with qualified leads, resulting in mutually beneficial partnerships.”
The overall process helps consumers save time, while also removing the feeling of uncertainty around loan approval. For dealers, it provides access to qualified leads, creating a mutually beneficial partnership between the dealer and LendingArch.
