PRNDL.Com Introduces Streamlined Financing for Online Car Shoppers

ALPHARETTA, Ga. - May 17, 2013 - PRLog -- Executives of PRNDL.com, the premier source for online car buying services, announces the launch of its streamlined Finance Center, offering a full spectrum of credit options for applicants of all credit levels. The Finance Center joins PRNDL’s impressive menu of services, which include inspections, service contracts and vehicle shipping.  

PRNDL’s trustworthy and easy-to-follow auto loan application makes it quick and convenient to get financing, with applicants often receiving a decision from featured lending providers within minutes. This gives online car buyers – many of whom participate in online auctions – more negotiating power faster.

What sets PRNDL apart?

All of PRNDL’s service providers – including non-lending services, such as those offering inspections, transportation or vehicle protection plans – have been carefully selected as best-in-class in the car buying industry. Now PRNDL is introducing the highest quality functionality for car loan services.  

Other automotive lending websites tend to fall into two categories: Single-source websites associated with only one lender or multi-source websites which often broadcast an applicant’s information to multiple loan providers at the same time. With PRNDL, the consumer gets the best of both worlds: access to multiple loan providers and control over who receives their final loan application.

“With the introduction of the new Finance Center, PRNDL becomes the equivalent of an online lending concierge, facilitating access to many different vehicle loan providers while still guarding your personal information,” said Brent Sergot, President of PRNDL. “Whether your credit is stellar or not so great, PRNDL’s Finance Center can help match you with the right lender and will always treat your personal information respectfully.”

How the PRNDL Automotive Finance Center Works

PRNDL uses a credit pre-check that helps identify which lenders may be a good match for any individual situation. Respecting consumers’ privacy, PRNDL does not view the results of the pre-check and simply performs a “soft” credit inquiry (an inquiry that does not affect the user’s credit score). Only those financing providers that are a match will be presented as options. This way, consumers have control over which financing source, if any, can receive their full application to be considered for a loan.

The new service is a welcomed solution for many consumers in the post-mortgage-crisis era. In looking at ways to serve the online car buying market, PRNDL’s research found that many car shoppers, who may have had perfect credit in the past, sometimes have a ding or two on their credit today.

“There are an awful lot of folks today who are on the borderline between prime and sub-prime credit scores. And there are even more who have taken harder hits,” explained Sergot. “Every day, lenders are coming up with new strategies to appeal to different credit types. At PRNDL, we do the legwork for you to find the right match.”

About PRNDL

Developed as a partnership between its parent company, DataScan Field Services and Bank of America, the name www.PRNDL.com formed from the gears on an automatic transmission - Park, Reverse, Neutral, Drive and Low. DataScan’s international network of field specialists provides inspections of leased vehicles at the end of the lease term, as well as floorplan verification services at automotive dealerships. DataScan also operates the consumer-facing InspectMyRide.com, which provides online car shoppers the opportunity to obtain a comprehensive vehicle inspection performed by a professional. DataScan has offices in Atlanta, Cleveland, Toronto and Montreal and is a division of World Omni Financial Corp., a diversified financial services company headquartered in Deerfield Beach, Fla. World Omni operates as a subsidiary of JM Family Enterprises, Inc., a diversified automotive corporation ranked No. 37 on Forbes’ list of “America’s Largest Private Companies.” JM Family is also ranked No. 32 by FORTUNE® as one of the “100 Best Companies to Work For,” its 15th consecutive year on the list.