WebBuy, a beginning-to-end car-buying application, continues to add indirect lenders and refine its revolutionary technology to enhance BidBoard, the proprietary feature that provides car buyers with real-time auto decisioning and multiple offers from national financing companies.
WebBuy connects dealers, lenders and consumers on the same application. This digital retail solution allows car buyers to have their credit processed and routed to national lenders as determined by the dealer. A real-time response is delivered within minutes to the consumer with good credit.
The consumer receives multiple loan offers from national lenders and can compare the financing offers and review all stipulations and terms of each offer before accepting one for purchase or lease. These are actual approvals, not pre-approvals. BidBoard turns dealerships into automated, indirect loan originators.
“A rapidly increasing constituent group of today’s buying demographic demands a self-guided experience, and the real-time automated loan approval functionality that BidBoard provides may be the most important component of that,” said Tom Murray, WebBuy CEO and co-founder.
Today’s hyper-growing “Amazon demographic” of consumers is looking for this kind of integrated buying experience. Day or night, 24/7, buyers can use the WebBuy app to review a dealership’s inventory on its own website, select the vehicle they want and receive accurate figures on prices, including taxes, fees, incentives and rebates. They can also receive firm trade-in offers to complete the deal.
“We now have 1,300 indirect lenders hooked up to meet financing needs of WebBuy users and the number keeps growing,” said Steve Zabawa, co-founder of the car-buying app. “WebBuy is simply quicker, better and faster, and all dealers and consumers want the least resistance and easiest digital solution.”
“Our proprietary IP creates state-of-the art AI to produce multiple lender offers for car buyers online 24/7 within seconds,” he said. “Dealership showrooms are giving consumers lender choice for the first time.”
“With WebBuy, the average process from start to finish takes less than 30 minutes compared to, on average, six hours in the dealership,” Zabawa said. “The national lenders we’ve assembled compete for customers’ business, which is a win-win for all parties — dealers, lenders and buyers.”
Hundreds of dealerships across the U.S. have introduced WebBuy to their websites and showrooms with tremendous results and improved profitability, in addition to the buyer-centric benefit drivers.
Zabawa, who has been a dealership owner for more than 30 years, said that he and co-founder Murray created the click-to-buy app to meet the need for “a quick, transparent way, in the ‘Amazon world,’ to buy a car.”
He said WebBuy has been embraced by hundreds of dealerships looking to reach the growing number of consumers who want a self-directed, digital-buying experience. WebBuy is the only “dealer-centric” solution in the marketplace, developed by dealers having a deep knowledge of the dealership sales process and profit centers.
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