Auto Trader’s monthly price checker has left testing, officially releasing after the short beta period. The service, created in part by Codeweavers, can allow customers to search for cars based on monthly payments the dealer lists on each car listing.
Auto Trader makes this move in part due to demand from consumers, who wish to know exactly how their bills will be shifted due to car payments. Dealers can also list potential financing options on the listings, using the financing partner Zuto as reference.
“The ability for a consumer to search based on their monthly budget forms part of our ongoing commitment to help our customers profit through finance. Retailers regularly tell us that they’re missing out to high-street or specialist lenders. Today, we’re arming them with a competitive advantage: the opportunity to engage with car buyers at the very beginning of their car buying journey, not at the end of it,” says Jason Biffin, Auto Trader’s consumer product director.
30,000 cars are already listed with this new information, as will many future listings on the site.