Car Credible is a platform that identifies switching and saving opportunities in a smart and easy way. The car finance market is overly-complicated and we are obsessed with helping customers to make informed decisions about their finance deals.
Problems we solve
As car finance continues to prove a complex subject, there are three clear issues that consumers have been faced with:
Consumers no longer have to worry about the logistics of their finance deal as Car Credible focuses on three clear solutions:
Car Credible has enabled key strategies to ensure consumers are getting the best deal possible:
How we do it
We recognised that there was simply a lack of data and insight for consumers to discover new market opportunities, so we created Car Credible to do the humanly impossible.
We do this by expertly combing through the market, to help consumers switch when the deal is good enough to change to a new car and save money.
Through smart data science and proprietary algorithms, we’re making it so anyone can access tailored advice about their current car deal - our platform will help owners understand their true financial position.
Our platform makes automated calculations daily, challenging consumers’ current car finance deal against market deals and complex factors, such as the ever changing car values and early repayment charges.
We don’t just provide the data and walk away, but instead take you through the entire journey. That’s why we look to pair customers' ability to change with a marketplace of suitable finance and insurance products (marketplace partners).
Our partner companies, via our customer segments, begin competing for new deals, resulting in improved product offers for their prospective customer.
To offer a fair alternative, we collect relevant financial and other data from customers and help them understand their financial position. Customers then get shown all relevant options and offers and choose the best for them.
Those risk-based customer segments, and risk adjusted product offers, increase approval rates, lowering customer acquisitions costs and help to control risk.
While the automotive sector has undergone dramatic digital transformation, the sales process has remained the same with the customer quickly funnelled into the showroom.