CarSaver
CarSaver describes itself as a consumer platform for buying and financing vehicles online, with the line Pick it, Price it, Drive it. Its site offers AI-powered vehicle search, browsing by body style and financing options.
CarSaver: Online vehicle search
The site also advertises a lifetime warranty on eligible purchases covering engine, transmission and drivetrain, with its terms noted on the site.
| Product or service | Function |
|---|---|
| Online vehicle search | Search by body style, with AI-powered results. |
| Financing options | Explore financing online. |
| Lifetime Warranty | A warranty the site describes as standard on eligible purchases, covering engine, transmission and drivetrain. |
CarSaver: product details
CarSaver, founded in 2016, runs an online marketplace and digital retail platform where consumers search, finance, lease, insure and sell vehicles. It says it has a network of certified dealers and partners with brands including Nissan and credit unions, and it has run programs under third-party names.
The company states that it receives a fee from participating dealers or service providers. Participating dealers pay the platform.
It began in 2016.
A dealer considering it should ask how leads and deals are priced, how the fee is disclosed to the shopper and how online price commitments are honored at delivery. Check how a sale made through a partner program is reported to the manufacturer.
CarSaver has launched marketplaces with partners such as credit unions and media companies, and it ran a car buying program under Walmart's name for dealers. A dealer should confirm which brand a customer sees when a deal starts and who owns the customer record afterward.
A January 2022 release announced CUNA Mutual Group as a partner, with its venture arm CMFG Ventures investing in CarSaver. The plan was a marketplace for credit unions where members buy, finance and insure cars online, with a lifetime warranty offered at no cost.
The release also describes automated upgrade offers to existing auto loan members, and estimates that 13.6 million credit union members qualify for an upgrade. Those are figures from the two companies, not dealer results, so ask how deals from a credit union channel reach your store.