TotallyMoney and Zuto: the fast lane to fairer car finance

At TotallyMoney we’re on a mission to help everyone move their finances forward. Our latest API integration with car finance specialists Zuto is one of the ways we’re doing this.

A global shortage of semiconductor chips and other materials has meant there aren't enough new vehicles on the market to satisfy demand for new cars, which has driven up the price of second-hand cars by 17% year-on-year*.

In addition to this many are still feeling the overall impact of the pandemic and the spiralling cost of living. So, it’s even more important than ever that we help people achieve their financial goals. 

Car finance is no different to most areas of consumer credit. It can be overly complicated and confusing, working in favour of the traditional financial institutions. Customers are often left in the dark about what their financial data means and how lending decisions are made.

We want to help our customers at every point of their financial journey. This starts with logging into the TotallyMoney app to check the details on their credit report are correct and that lenders are seeing the right information — and to raise a dispute if not. 

By integrating Zuto via an API, we are able to further make sure customers' financial data works for them, not against them, helping them apply for car finance with greater confidence. 

When searching for finance options, customers will know if they’re pre-approved for offers and will see guaranteed interest rates, meaning they’ll know how much it’ll cost, before they apply. 

In addition to this, Zuto offers support throughout the car buying process, helping manage the conversations with the dealer and run vehicle history and valuation checks to make sure customers are getting a good deal. All this without needing to visit the dealership. 

We’re proud to launch these features while unlocking a better car buying experience. It’s another way we can help people accelerate towards their goals, growing financial confidence along the way. 

References

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