LendingTree Teams Up With Westlake Financial For Indirect Auto Lending Platform
Online lending exchange
LendingTree (NASDAQ: TREE) announced on Friday it is launching an indirect auto lending platform. LendingTree revealed that the platform, which is created with Westlake Financial, will enable consumers to shop and compare pre-qualified indirect auto loan rates on the LendingTree website.
“For over 10 years, LendingTree has helped millions of consumers shop for auto loans with direct lenders like CapitalOne and LightStream. Through completed integrations with both RouteOne and DealerTrack, leading F&I services platforms connecting thousands of car dealers and finance sources, LendingTree is now positioned to empower consumers with instant finance offers that are fully transactable at the dealership.”
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Courtesy Rebecca Chamaa
I ve never liked paying interest, so when I needed money to buy a car, I wanted to avoid it.
Instead of taking out a bank loan, I borrowed money from my parents. I offered them 4% interest.
It was more than their money was earning at the bank, and saved me about $300 in interest.
I have a love-hate relationship with high-interest payments. I love when I receive them on my savings account, and I hate when I have to pay them on a loan.
My husband and I have been lucky not to have to borrow money too many times in our over 20-year marriage. We borrowed twice for mortgages (not counting refinances) and once for a car. And we didn t take out our car loan from the dealership or even a bank we borrowed from my mom and stepdad.
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