SOURCE: Zag.com

March 03, 2010 09:00 ET

NEA Member Benefits Partners With Auto Retail Innovator ZAG to Save Its Members Money on Cars

Harnessing Power in Numbers, New "NEA Auto Purchase Advantage" Saves NEA's 3.2 Million Members Time, Money and Hassle in the Car Buying Experience

SANTA MONICA, CA and GAITHERSBURG, MD--(Marketwire - March 3, 2010) -  Zag.com, the leading provider of online car buying programs for some of the nation's foremost brands, including USAA, American Express, and AAA, has partnered with the National Education Association's Member Benefits Corporation (NEA MB), which provides financial products, services and solutions tailored for NEA members and their families, to launch the NEA Auto Purchase Advantage.

NEA Auto Purchase Advantage is designed to provide NEA's 3.2 million members with automobile discounts and a haggle- and hassle-free car-buying experience. Using Zag.com Inc.'s online car buying platform, NEA members will now be able to save on average, $5,000 off of MSRP(1) and have access to an exclusive network of over 2,700 Certified Dealers that provide low upfront car pricing and a refreshingly easy car-buying experience.

NEA MB's all-new Auto Purchase Advantage is a valuable money and time saving tool for the nation's education professionals. NEA's members can perform online research on new or used cars, obtain pricing, configure new cars and get technical, safety and financing data, all within their fingertips. Once the member is completely empowered with information and an upfront price, he or she is connected to a Zag Certified Dealer who will assist the member with the purchase and provide superior customer service.

"Raising a family and being a full-time educator is time-consuming enough, so NEA Member Benefits partners with national organizations to make everyday living easier. That is why NEA Member Benefits is proud to work with Zag," said Gary Phoebus, president and CEO, NEA Member Benefits. "Through this relationship, we are able to provide members with a national network of dealers that meet rigorous customer service standards and ensure members get the best possible deal on their new vehicle."

NEA Member Benefits is devoted to obtaining valuable programs for its members and recognized the benefits of Zag's car buying platform, which has saved car buyers over $330 million off of MSRP(2) on over 98,000 new and used cars. In addition, Zag's affinity auto buying programs have also earned a 95 percent customer satisfaction rating from its existing partners. "Zag is truly honored to have been selected as NEA MB's auto buying partner and is excited to provide NEA members with a better way to buy a car," said Chris Porch, Zag COO.

About NEA Member Benefits

National Education Association's Member Benefits Corporation is a wholly-owned subsidiary of the NEA charged with bringing additional value to Association membership by providing financial products and solutions tailored for NEA members and their families.

About Zag

Zag (www.zag.com) has created a better way to buy a car. Zag operates private label, online car buying programs for several of the nation's largest brands including USAA, AAA, American Express, Capital One, Overstock and eBay. Zag leverages group-buying power to provide car shoppers with guaranteed low, upfront prices and a haggle-free/hassle-free car buying experience from our exclusive nationwide network of over 2,700 select car dealers. Close to 100,000 new and used cars have been sold through the marketing on Zag's car buying programs since Zag's launch in 2006. Zag was recently named the second fastest-growing company in Los Angeles County by the Los Angeles Business Journal. Zag is based in Santa Monica, CA.

(1) Total including incentives

(2) Total including incentives

Contact Information

  • Press Contact:
    Shadee Malekafzali
    Media Relations
    Zag.com, Inc.
    Email Contact
    888.446.1439