TEACHERS FEDERAL CREDIT UNION JOINS CARSAVER MARKETPLACE WITH AUTOMATED UPGRADES TO HELP MEMBERS BUY, FINANCE AND UPGRADE CARS ONLINE

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NASHVILLE, Tenn., August 25, 2022 /PRNewswire/ — car saverthe market leader in automotive e-commerce and fintech platform, announced today that Federal Credit Union Teachers (Teachers) – one of the largest credit unions in United States with $8.8 billion of assets and over 420,000 members – has joined its leading marketplace and automated upgrade platform. CarSaver’s e-commerce platform was designed to help auto lenders increase member satisfaction, loan retention and dealership satisfaction, while enabling members to purchase, finance and insure new and used cars completely online.

By implementing the CarSaver Marketplace and automated upgrades, teachers will help members more easily purchase a new vehicle and avoid issues such as costly repairs in the last years of a vehicle’s life. CarSaver’s proprietary automated upgrade platform identifies members with a car loan who are eligible to upgrade to a new car for a lower monthly payment, then connects them to a personal portal where they can view their Upgrade. With just the click of a button, members can complete the entire transaction online and have the car delivered directly to their doorstep or picked up from a local authorized dealership. Teacher members will save time and money on their purchase, and every new and used vehicle on the market comes with a lifetime warranty covering major repairs for unlimited miles at no cost to the member. not even a franchise.

“We are thrilled to have Teachers Federal Credit Union join our network to provide its members with unparalleled benefits for their car buying needs. Teachers is one of the nation’s largest credit unions and is dedicated to helping its members saving money and being on the best path financially. Now with CarSaver, it’s easier than ever for qualified teachers to upgrade their car to a new one. Not only does our partnership further develop the technology of teacher loan, but it will allow our dealership partners to sell more cars and do more trades,” said Chad Necklaceco-founder and CEO of CarSaver.

“Product innovation and partnerships that deliver high service to our members are essential to Teachers’ guiding principle of being the best place to bank. We are excited to offer our members the premier marketplace and CarSaver’s automated upgrade platform, helping to make their car buying experience more convenient,” said Francois Collins, SVP, Credit, Teachers Federal Credit Union. “CarSaver’s exclusive technology combined with Teachers’ reduced rates provides members with a premium experience upgrading their vehicle for less than their current monthly payment.”

The market will include new and used cars of a variety of brands available from local certified dealership partners. Members eligible to upgrade will receive an email notification and instructions to visit their personalized portal to view their upgrade offers. Dealers can register or get more information at: https://www.carsavercommerce.com/teachersfcu.

About CarSaver

CarSaver is the premier online automotive marketplace for new and used cars, helping buyers and sellers save time and money by automating the entire process from first click to home delivery. CarSaver allows consumers to do everything 100% completely online. Buy, finance, lease, sell and trade all the best brands of new and used vehicles in a simple and transparent online experience, personalized for each customer.

CarSaver’s Marketplace is used by some of the world’s most trusted brands, including Walmart, Nissan, iHeartMedia and SHOP.com, to automate the entire online shopping process, allowing buyers and sellers to complete online contactless commerce faster and easier. CarSaver licenses its business platform to automakers, electric vehicle distributors, banks and credit unions who white label CarSaver’s e-commerce platform to power their online transactions.

CarSaver has established a nationwide network of certified dealerships that supply hundreds of thousands of new and used cars from all major brands available in a single market. Plus, Certified Dealers perform maintenance and warranty repairs for CarSaver’s Lifetime Warranty which comes standard at no charge, not even a deductible on every car.

CarSaver was recently named the winner of the 2021 Automotive News PACE Award. This prestigious award honors automotive suppliers for their superior innovation and technological advancements. CarSaver was recognized for launching the first end-to-end 100% online car buying platform for new, pre-owned and Certified Pre-Owned (CPO) vehicles, and its work with Nissan to propel the [email protected] live.

For more information, visit CarSaverCommerce.comfollow CarSaver on Facebook, Twitter, instagram, Youtube and LinkedIn.

Dealer visit CarSaverCommerce.com/teachersfcu

About Federal Credit Union Teachers

Teachers Federal Credit Union (Teachers) is one of the nation’s largest credit unions with $8.8 billion active and more than 420,000 members in all 50 states. Based on Long Island in 1952, Teachers is a full-service, not-for-profit financial institution that offers its members 32 full-service branches across Long Island, queensand manhattan, as well as access to services from more than 5,000 shared service centers across the country. Over the years and through various partnerships, Teachers’ is proud of its role as a key supporter of the communities it serves. Teachers offers a range of member-focused products with competitive pricing and low fees that started as a smart solution for teachers – now smart for everyone.

For more information, visit www.teachersfcu.orgfollow the teachers on Facebook, Twitter, instagram, Youtube, LinkedIn and ICT Tac.

Press contacts for CarSaver
Erin Haworth
High10 support for CarSaver
[email protected]

Press contact for teachers
Sophie Schneidmann
RWest for Teachers Federal Credit Union
[email protected]

SOURCECarSaver

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