Patented smartphonetechnology to disrupt $1 trillion auto-loan market
DENVER(December 5, 2016) — Colorado-based companyBlinker has launched a refinancing option in their mobile app today, disruptingthe auto-loan market by making refinancing a car quick, easy and completelyfree.
With patentedimage-recognition technology, Blinker is the only app that allows people tolower their monthly car payment by simply snapping a few photos. Blinker offersvery competitive interest rates, helping the average person save thousands ofdollars over the life of their auto loan. Owners can also refinance to receivecash for the equity in their car. There areno origination or loan fees.
“Peoplewant to finance their car just as easily as they can call an Uber,” said RodBuscher, founder and CEO of Blinker. “We offer car loans that are competitive,transparent and easy to complete from anywhere. Car-owners can finance a usedcar purchase or refinance an existing loan in minutes – all on theirmobile device. No banks, no dealerships.”
Blinker makes it simple:
Owners download the Blinker app and simplysnap a photo of their car and their driver’s license, and answer a fewloan-related questions.
Blinker instantly generates a competitiverefinancing quote with new payment and cash back options, if applicable.
When the new loan is selected,borrowers authorize Blinker to perform a credit check, connect their bankaccount (if they’ve chosen a cash back option) and pay off the existing loan.
All documents are signedthrough the Blinker app with simple, clear instructions.
The Blinker support team isavailable to help at any point of the process by phone or email.
Anyone who lives in Colorado,owns a car that is 2010 or newer with less than 100,000 miles and owes at least$5,000 on their current auto loan is eligible to get a Blinker refinancingquote on their phone today without affecting their credit score.
Currently,Blinker can be used in Colorado to buy, sell, finance and refinance cars. Thefree app can also be used nationwide to snap a photo and instantly learn the year,make, model, equipment, estimated value and mileage of any car on the road inseconds. Blinker will be expanding its transactional capability into otherstates in 2017.
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AboutBlinker
Blinkeris a free mobile app that empowers people to buy, sell, finance and refinancecars themselves with the snap of a photo. Using patent-pending,image-recognition technology, Blinker makes it quicker, easier and safer to buyand sell without middlemen. Founded in 2013, Blinker is headquartered inDenver, and led by a team of auto and finance industry veterans. Blinker hasexclusive partnerships with CARFAX® and Black Book™. For more information,visit www.blinker.com or download the app from theApp Store or Google Play Store.