SOURCE: Carlypso

Carlypso

March 25, 2015 11:00 ET

Car Technology Company Carlypso Partners With CU Direct to Help Consumers Quickly Get Credit Approved Online While Finding the Best Car Deals

Carlypso Brings Amazon Experience to Car Buying; Consumers Can Now Buy and Finance a Car All Online

SAN CARLOS, CA--(Marketwired - Mar 25, 2015) - Carlypso, the first technology company to buy and sell used cars hassle-free, announced today a new partnership with CU Direct, the nation's leading provider of lending, automotive and strategic solutions to the credit union. Through this partnership, Carlypso will now be able to help its customers who are looking for a hassle-free way to buy cars also get their loans approved quickly and easily through a few simple online steps.

Carlypso is becoming the Amazon for used car buying. The ecommerce company gets consumers the car they want for an average of $2,500 less than retail. With its new partnership with CU Direct, Carlypso now also offers the lowest financing rates available in the market.

"We are thrilled to partner with CU Direct as they are the biggest portal to credit unions," said Nicholas Hinrichsen, co-founder of Carlypso. "Now, in a few easy steps we can give an instant loan approval to our consumers at a very attractive rate. This paired with the great deal they are getting by buying a car online with Carlypso Deals makes purchasing a car a very affordable option for the savvy car shopper."

This week, Carlypso worked with its first customer to get a loan through CU Direct. His rate will be 2.09%, and Carlypso even helped him with an extended service contract to cover the car for the next 5 years / 50k miles. "I got such an amazing deal by working with Carlypso; instead of running from dealership to dealership battling on finance rates and negotiating sale prices, I could do it all online with people who are car experts and want to help consumers find the best deals and rates possible," said Olivier Kerautret. "It couldn't have been a more convenient process which is something I never thought I'd say about buying a car."

"Carlypso has quickly become a go-to destination for people looking for a quick way to find the best deals on cars online," said Matt Brown of CU Direct. "By partnering with Carlypso we can help smart car shoppers get their loans approved quickly and easily online so they get first mover advantage on those great car deals."

About Carlypso Deals:

For consumers interested in buying a car through Carlypso, the company recently launched Carlypso Deals. Carlypso buys cars from a trade in or a lease from the trade network it participates in, getting a "first peek" at these cars so it can purchase them for a buyer before the vehicle ever heads to a dealer lot. Consumers go to www.carlypso.com and enter in what they are looking for in terms of model, make and year. They immediately see the inventory of used cars that Carlypso can buy for them, and put in a request for information on available vehicles right at the site. Within a week, Carlypso can deliver the vehicle directly to the consumers; right now this service is only available in the state of California.

About CU Direct

Established in 1994, CU Direct has helped the credit union industry fund over $157 billion in loans by being the nation's leading lending and automotive solutions provider for credit unions. Representing more than 1,000 credit unions, CU Direct specializes in solutions that help credit unions generate loans, manage risk and provide value to members, while helping dealers enhance efficiency, increase profitability and generate sales. CU Direct offers a diverse, extensive library of products and services designed to help credit unions advance their lending programs and achieve overall portfolio success. For more information about CU Direct visit www.cudirect.com.

About Carlypso
Carlypso is the first technology company to buy and sell used cars hassle-free. Carlypso generates a fair market price for vehicles based on millions of vehicle transactions each month, and coordinates all of the logistics for the seller, including finding the buyers, to get sellers the best price possible on their vehicle. The company has developed a secure proprietary device installed on cars to track vehicles, allowing buyers to do test drives on their own. Carlypso also provides Carlypso Deals, finding the best deals on inventory before it goes to the dealer, and passing that savings onto the consumer. Carlypso, based in San Carlos, CA, has sold hundreds of cars to date for consumers throughout California and is expanding nationwide. For more information visit www.carlypso.com.

Contact Information

  • Media Contact:
    Kerry Metzdorf
    Big Swing Communications
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