CarZing

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CarZing
Private
IndustryE-commerce / Car dealer
FoundedDecember 2015; 6 years ago (2015-12)
FoundersBret Hankey
Jay Kamdar
Don Hankey
Headquarters
Los Angeles
,
U.S.
Area served
United States
ProductsCar dealership
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Websitecarzing.com

CarZing, formerly operating as Car Harmony[1], is a privately owned Los Angeles-based online car-buying marketplace founded in 2015 that is best known for specializing in providing prequalified lending results for online car shoppers and providing Consumer|consumers with the ability to instantly pre-qualify for auto financing.[2][3]

History

The company was initially founded as Car Harmony in December 2015.[4][5][6] In January 2017, it was rebranded into CarZing. The company was founded by President/Vice Chairman Bret Hankey, Nowcom President Jay Kamdar to build a premium online car shopping experience for customers and Car dealerships.[7]

Business

CarZing operates as an online-only car dealer that offers consumers more transparency and insight into their purchasing options and empowers them to take control of their financing. Clients can structure a deal using down payment, term and monthly payment to find a car that aligns with their situation.[8]

As of 2020, CarZing has over 3 million new and used vehicles listed and has a network of over 30,000 dealerships on the site. From 2016-2020, CarZing’s monthly prequalified shoppers has increased from a few hundred a month to over 30,000 per month.

Alliances and Partnerships

In February 2020, American based Irish-domiciled multinational consumer credit reporting company Experian announced a strategic partnership with CarZing. As part of the partnership, dealerships with AutoCheck subscriptions can now list their inventory on the company's website for no additional fees.[9][10]

CarZing’s partnerships include Westlake Financial, Experian, Credit Karma, Autolist,iSeeCars, CarGurus, TrueCar, and DealerCenter.[11][12][13]

References

  1. autofinancenews. "Car Harmony Mulls Prime Lender Partnerships".{{cite news}}: CS1 maint: url-status (link)
  2. "Westlake Financial enters Canadian market". Auto Finance News. 2019-09-05. Retrieved 2020-12-01.
  3. "Experian announces exclusive alliance with CarZing to make AutoCheck vehicle history reports available on their website". finance.yahoo.com. Retrieved 2020-12-01.
  4. "Car Harmony to Expand Used-Car Offerings". Auto Finance News. 2016-07-26. Retrieved 2020-12-04.
  5. "bizjournals". www.bizjournals.com. Retrieved 2020-12-04.
  6. "Car Harmony Debuts New Online Used Car Shopping Service - socaltech.com". www.socaltech.com. Retrieved 2020-12-04.
  7. "Westlake Financial Strikes Canadian Partnership | Los Angeles Business Journal". labusinessjournal.com. Retrieved 2020-12-02.
  8. Inc, Axis Auto Finance. "Axis Auto Finance Enters Into a Strategic Partnership With Westlake Financial Services and Nowcom Corporation". www.newswire.ca. Retrieved 2020-12-02.
  9. "Experian forms exclusive alliance with CarZing to showcase vehicle history reports". Auto Remarketing. 2020-02-19. Retrieved 2020-12-01.
  10. "Experian Forms Exclusive Alliance with CarZing to Showcase Vehicle History Report | BIIA.com | Business Information Industry Association". www.biia.com. Retrieved 2020-12-01.
  11. "Westlake Financial and Nowcom Corporation Enter Into a Strategic Partnership With Source One Financial Corp". finance.yahoo.com. Retrieved 2020-12-02.
  12. "Bloomberg - Are you a robot?". www.bloomberg.com. Retrieved 2020-12-02. {{cite web}}: Cite uses generic title (help)
  13. "Axis Announces Closing of Private Placement with Westlake Financial Services and Nowcom Corporation". m.canadianinsider.com. Retrieved 2020-12-02.

External links

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