1 min read 
Caribou CEO Simon Goodall says car owners can enter their information on the site to explore loan options through a network of lenders, primarily credit unions and community banks. He says there’s no application fee, and it won’t affect their credit just to check their options.
“We would only do a hard credit pull once they found a rate that’s interesting to them. Then we take it to the next step and do a formal application,” said Goodall.
Goodall says some lenders charge a loan origination fee, but it’s usually rolled into the loan. He says even a small improvement to your credit score could result in better loan terms.
“We find that customers, as soon as a few months after purchasing a vehicle from a dealership, are able to save money from a refinancing perspective, because they don’t always shop rates when they’re buying a new car,” explained Goodall.
Read the full article here.
