Bank of America works with Vintek for auto finance leads

Bank of America receives automotive loan applications from interested consumers who have accessed the Tax, Tag and Title Calculator through VINtek's www.taxandtags.com website, as well as additional VINtek partner websites. After a consumer calculates the tax, tag and title fees for a vehicle they are interested in purchasing, they can estimate their monthly auto loan payment and apply for an auto loan with Bank of America.

"The potential customers who come to us via the VINtek site are well into the car shopping process and estimating their monthly payments," said JD Decker, senior vice president of direct auto financing at Bank of America. "By working with VINtek, we increase our visibility to potential customers at a very opportune time in their vehicle purchase process. Consumers who link to our site find an easy application process, quick loan decisions and a seamless online documentation process that incorporates electronic contracts and electronic signature and the ability to avoid going to the DMV. With VINtek we are able to provide consumers with a convenient, professional customer experience further differentiating our loan products in the marketplace."

"Providing Bank of America with direct auto finance leads was a natural extension of our Direct-to-Consumer platform," said Larry Highbloom, president of VINtek. "We provide Bank of America with new auto loan opportunities, help close the loan online, handle the DMV work for the consumer and perfect the lien for the bank in an integrated suite of online services. We are thrilled to help Bank of America cost-effectively tap into the growing demand for Direct-to-Consumer auto finance."