TrueCar and GovX Partner to Launch New Auto Buying Program Powered by TrueCar Military (2024)

SANTAMONICA,Calif., Feb. 23, 2021 /PRNewswire/ --TrueCar, Inc.(NASDAQ: TRUE), themostefficientandtransparentonline destinationtofindacar, today announced a new affinity partnership with GovX, Inc., the largest e-commerce website for verified active and veteran U.S. military along with police, fire, emergency rescue and medical technicians and those from related government agencies.

TrueCar and GovX Partner to Launch New Auto Buying Program Powered by TrueCar Military (1)

The GovX Auto Buying Program, powered by TrueCar Military, will give GovX members the ability to see what others paid for the same vehicle of interest, receive upfront transactable price offers on new and used vehicle inventory, and use TrueCar's leading digital deal building capabilities.

"TrueCar is the gold standard when it comes to ease and transparency in the car buying experience, as well as customer service and support. These are extremely meaningful value propositions for us and our members who have the responsibility and honor of protecting and serving our great country," said Chris Bohnert, Senior Vice President at GovX, Inc. "TrueCar shares our same deep commitment to providing service members with the value and benefits they deserve. We are excited for our members to experience this new and improved way to buy a car."

Last year, TrueCar launched, TrueCar Military, a dedicated vehicle purchase program that provides exclusive Military incentives andexclusivebenefits, on top of TrueCar's existing benefits, to those who have served our country's armed forces and their families. TrueCar has dedicated more than fourteen years to servicing the men and women of the military through affinity car buying partnerships with leading military service organizations.

"We are thrilled to partner with GovX to provide a more transparent and more efficient way for our servicemembers, first responders and law enforcement to purchase a vehicle," said Mike Darrow, President & CEO of TrueCar. "Through our partnership, GovX members will receive a first-class car buying experience and competitive pricing that they can trust."

GovX Auto Buying Program Key Benefits:

  • Price Context.See what others paid for your new vehicle of interest in a local area and view price ratings on used vehicles
  • Savings.Save on average over $3,500 off MSRP** on new vehicles and receive discounts on used vehicles*
  • Real Price Offers.Receive real transactable price offers on actual inventory on the dealer's lot
  • Trade-In or Sell.Geta value on your existing vehicle and receive arealcashofferin minutes
  • Build your Deal Online. Buildacomprehensivedealonline, inclusive of trade-in value and preferred termsandsavetimeatthedealership
  • BuyfromHome.IdentifyTrueCar Certified Dealersthatofferremotepaperwork, vehicledeliveryandvehiclesanitization
  • Extensive Dealer Network.AccessTrueCar'sCertifiedDealerNetwork, whichincludesdealersnationwide

*Used car discounts not available in all states.

*Between 1/1/20 and 12/31/20, the average savings off MSRP experienced by consumers who connected with a TrueCar Certified Dealer through a TrueCar-powered Auto Buying Program and who were identified as buying a new vehicle from that Certified Dealer was $3,552. Your actual savings may vary based on multiple factors, including the vehicle you select, region, dealer, and applicable vehicle-specific manufacturer incentives, which are subject to change. The MSRP is determined by the manufacturer and may not reflect the price at which vehicles are generally sold in the dealer's trade area, as many vehicles are sold below MSRP. Each dealer sets its own pricing.

About TrueCar
TrueCar is a leading automotive digital marketplace that enables car buyers to connect to our nationwide network of Certified Dealers. We are building the industry's most personalized and efficient car buying experience as we seek to bring more of the purchasing process online. Consumers who visit our marketplace will find a suite of vehicle discovery tools, price ratings, and market context on new and used cars -- all with a clear view of what's a great deal. When they are ready, TrueCar will enable them to connect with a local Certified Dealer who shares in our belief that truth, transparency, and fairness are the foundation of a great car buying experience. As part of our marketplace, TrueCar powers car-buying programs for over 250 leading brands, including AARP, Sam's Club, and American Express. Nearly half of all new-car buyers engage with TrueCar powered sites, where they buy smarter and drive happier. TrueCar is headquartered in Santa Monica, California, with offices in Austin, Texas, and Boston, Massachusetts. For more information, please visit www.truecar.com, and follow us on Facebook or Twitter. TrueCar media line: +1-844-469-8442 (US toll-free) | Email: pr@truecar.com

About GovX
GovX.com is for men and women of service. A members-only online destination for military and first responders, the site offers thousands of products from hundreds of brands at exclusive, below-retail pricing. Members include active and veteran U.S. military, firefighters, law enforcement officers, federal agents, healthcare workers and personnel from related government agencies. For more information, visitwww.govx.com.

TrueCar and GovX Partner to Launch New Auto Buying Program Powered by TrueCar Military (2)

SOURCE TrueCar, Inc.

TrueCar and GovX Partner to Launch New Auto Buying Program Powered by TrueCar Military (3)

For further information: TrueCar Public Relations Contacts: Shadee Malekafzali, shadee@truecar.com, 424.258.8694 or Tanya Kohan, tkohan@truecar.com, 714.425.6319

TrueCar and GovX Partner to Launch New Auto Buying Program Powered by TrueCar Military (2024)

FAQs

TrueCar and GovX Partner to Launch New Auto Buying Program Powered by TrueCar Military? ›

The GovX Auto Buying Program, powered by TrueCar Military, will give GovX members the ability to see what others paid for the same vehicle of interest, receive upfront transactable price offers on new and used vehicle inventory, and use TrueCar's leading digital deal building capabilities.

What is TrueCar military? ›

Find savings and incentives tailored for active-duty military, veterans, and family with TrueCar's Military Program. See what others paid for the car you want, get discounted price offers from local Certified Dealers and additional benefits through our Military Appreciation Package.

Will the military help me buy a car? ›

Military personal are often eligible for special loans and discounts on car purchases. When buying a car in the military, however, you still need to budget wisely and do your research before making this major investment. Military personal are often eligible for special loans and discounts on car purchases.

What happened to USAA car buying service? ›

In 2022, USAA discontinued their renowned car buying service, leaving many members searching for alternative solutions. First announced in 2020, the changes brought an end to the popular service and TrueCar partnership.

What is the TrueCar buyers bonus? ›

After registering for the TrueCar Buyer's Bonus, You may be eligible to receive a twenty percent (20%) reimbursement of the payment You made to repair the single, four (4) wheel, non-commercial, private passenger automobile that You purchased or leased from a TrueCar Certified Dealer after using the TrueCar service (" ...

Can you haggle with military auto sales? ›

It's at this point in the process that buying a car through an overseas military program can be a big money saver. The prices offered are already as low as they go—there's no haggling involved. So, if you're after the maximum savings you can get, it will come down to your choice in vehicle and your financing.

Who is eligible for military AutoSource? ›

Who Can Buy Through This Program? US government civilian, military personnel and civilian contractors who are entitled to unlimited Exchange privileges, are stationed or assigned overseas for 30 consecutive days or more, and are authorized to have a Privately Owned Vehicle (POV) at that assignment.

What is the maximum interest rate for a military auto loan? ›

During periods of qualifying active duty military service, the interest rate on the eligible loan will not exceed 6%. If the interest rate is already below 6%, the loan will retain the lower interest rate.

What is the maximum interest rate for the military? ›

The Servicemembers Civil Relief Act protects servicemembers from some actions taken while they are deployed, including eviction, foreclosure, repossession, and more. This federal law also says lenders cannot charge servicemembers more than 6 percent interest while they are on active duty.

Do military get free cars? ›

Homepage - Cars 4 Heroes. Cars 4 Heroes is a 501 c 3 organization that provides free basic transportation to veterans, active-duty military, first responders, and their families that are unable to obtain it on their own. Every year, Cars 4 Heroes awards hundreds of donated vehicles to those in need.

Is TrueCar legitimate? ›

Is TrueCar Legit? TrueCar has been in business for nearly 20 years and holds an A+ rating from the BBB as well as solid customer reviews on various sites. It is certainly a legitimate company and a good option for buying or selling your car.

Can veterans still use USAA? ›

Retired and honorably discharged veterans may also receive insurance coverage from USAA. Additionally, National Guard and Reserve members can access insurance coverage through USAA.

Who owns USAA auto? ›

USAA is owned by its members, who are primarily current and former members of the U.S. armed forces as well as family members of those who served. USAA is headquartered in San Antonio and has been a privately-owned financial institution since its founding in 1922.

What is TrueCar Auto Buying Program? ›

With TrueCar, you can get that price on the car you're shopping for before you even visit the Dealership. You can also get access to upfront price offers on the rest of a Dealer's in-stock inventory when you register. No fuss, no weird math that doesn't make sense, just "the price."

How does TrueCar make money off of you? ›

How does TrueCar make money? TrueCar is paid a fee from participating dealers when they sell vehicles through TrueCar's services. The company also makes money through data and ad sales.

How long is a TrueCar offer good for? ›

Your TrueTrade™ Offer is good for three days at a Certified Dealer.

What is the purpose of TrueCar? ›

The service allows users to see what others paid for any new or used vehicle in their local area and receive upfront prices from a network of over 15,000 TrueCar Certified Dealers.

What is the benefit of military auto source? ›

Military AutoSource offers special military offers and incentives, lowest price guarantee, special factory and military lender financing rates.

What happens to my car payment if I join the military? ›

If you took out an automobile, home, or student loan or incurred credit card debt prior to becoming a servicemember (also known as a “pre-service obligation”), or if you took out such a loan jointly with your spouse, then you are entitled to have your interest rate reduced to a maximum of 6 percent per year.

Is military car insurance cheaper? ›

Military members can receive low car insurance rates with USAA or discounts on their military auto insurance policies with providers like Geico. Some auto insurance companies provide an emergency deployment discount when you store your vehicle while deployed.

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