CarGurus this month will expand its 5-million-vehicle shopping platform to include a financing component powered by Capital One Auto Finance, the companies said Tuesday.
CarGurus will offer auto finance prequalification on some of the inventory featured on its site. The program will roll out nationwide over the next two weeks to more than 10,000 dealerships that work with both companies.
Capital One partners with 13,000 dealers nationwide with inventories of more than 4 million vehicles, according to the company. CarGurus has more than 5 million vehicle listings on its site and a network of more than 40,000 dealers.
The "View Financing Offers" feature on the CarGurus' payment calculator will allow customers to obtain prequalification for an interest rate and monthly payment on eligible vehicles without affecting their credit score, according to CarGurus.
After customers complete the application process once, they can click the financing options on another vehicle description page from a Capital One-partnered dealer to access prequalified rates and terms.