Forty percent might spend six hours on the traditional dealership finance process only to find that they can't get financed, he said. The new site will let them know their status much sooner. Currently, the approval rate is 30 percent. The Web site will start offering new-car listings in March and signed up 500 dealers to list new cars in the first two days of the NADA convention. The cutter eliminates miscuts and code books, and saves time normally spent looking for codes, says the manufacturer.
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