TD Auto Finance announced the upcoming addition of vehicle financing pre-qualification within the TD Wheels mobile app.
Available now, the current app lets prospective car buyers estimate their monthly payments and determine their current vehicle’s approximate trade-in value. Starting in December 2019, the app will allow users to obtain pre-qualification for vehicle financing, up to a specific amount and for a specific rate and term.
The TD Wheels mobile app will help to evolve the car-buying experience for Canadians by offering a personalized digital experience that allows them to get a more complete view of their car-buying options. The app allows users to:
- Search for their preferred vehicle and manufacturer
- Select different make, model and trim options
- Obtain information about special rates from certain manufacturers
- Estimate what their expected car payment may be
- Send their preferred vehicle and contact information to a dealer of their choice for future contact
“We are proud to offer customers an app to help make vehicle financing options easier to understand,” said Howard Thompson, vice-president, product, strategy and customer service, TD Auto Finance. “TD Wheels users can search both vehicle and financing options on the go, giving them more control and allowing them to play an active role in their financing decisions.”
The prequalification option will help TD Wheels users understand whether they may qualify for a TDAF loan, based on the information they provide. App users can then choose to send this information to a dealer of their choice for a more streamlined conversation once they arrive at the dealership.
“At TD, we are seeking to redefine how customers see their bank in the digital age,” said Imran Khan, vice-president, digital customer experience, TD. “With TD Wheels, we are evolving the car-buying experience for customers through a personalized experience that helps to make the process faster and easier with information that can help them make decisions with confidence.”