(October 12 – 10:15 ET) – Bank of Nova Scotia has entered an online loan financing agreement with cars4U.com Ltd., an online car dealer. The agreement allows the car dealer’s customers to arrange their automobile loan financing with Scotiabank directly over the Internet from the cars4U.com Web site.
In the last several months, cars4U.com has partnered with BELAIRdirect to provide customers with online insurance services and Connxsys Inc. to offer consumers the ability to calculate and compare lease, purchase and finance price options on most makes and models of cars.
“Consumers can log on to cars4U.com, find the car they want and with the click of a mouse, submit a loan application to Scotiabank and can receive an answer within minutes – all from the comfort of their home,” said Ron Porter, vice president, automotive finance at Scotiabank. “This financing arrangement is part of Scotiabank’s commitment to provide our customers with anytime, anywhere access to financial services via the Internet.”
-IE Staff