Banking
Borrowing
Planning
Learning
Membership
  • ABA/Routing # 311992904
  • Locations
  • Contact Us
  • About Us
  • Rates
  • Forms
    • {{ result }}

welcome to online banking

* Required
* Required
Forgot Password Enroll in Online Banking Enroll in Business Online Banking
Banking
Checking Accounts Savings Accounts Credit Cards Small Business Banking
Mobile & Online Banking
Borrowing
Auto Loans Home Loans Personal Loans Student Lending Small Business Loans
Planning
Financial & Retirement Planning Protect Your Family & Assets
The Navigator Financial Calculators
Learning
Personal Financial Wellness Blog
Membership
Join Now Why Join? Benefits Events Member Stories Offers
  • Need to pay a friend?

    Use Send Money to transfer funds from your checking account.

    Learn more.
    • {{ result }}

    Banking

    Banking
    Checking Accounts Savings Accounts Credit Cards Small Business Banking
    Mobile & Online Banking

    Borrowing

    Borrowing
    Auto Loans Home Loans Personal Loans Student Lending Small Business Loans

    Planning

    Planning
    Financial & Retirement Planning Protect Your Family & Assets
    The Navigator Financial Calculators

    Learning

    Learning
    Personal Financial Wellness Blog

    Membership

    Membership
    Join Now Why Join? Benefits Events Member Stories Offers

    • ABA/Routing # 311992904
    • Locations
    • Contact Us
    • About Us
    • Rates
    • Forms

    welcome to online banking

    * Required
    * Required
    Forgot Password | Enroll in Online Banking
    1. Home
    2. Blog
    3. Shop for Your Next Auto Online
    Smart Tips, Auto, Vehicle

    Shop For Your Next Auto Online

    07/08/2021

    Buying a car used to mean a taking a full day (or two) for shopping, test driving and wading through financial options. Technology, of course, has simplified the process, where buying a car from your couch is a new reality.

    Virtual car-buying was already gaining momentum pre-COVID-19, but the pandemic pushed the trend ahead a few years as people opted for touchless transactions from afar versus in-person visits to businesses.

    “With so many consumer goods and services shifting online permanently due to the COVID-19 pandemic, the automobile industry has finally started to digitally integrate its services,” says Kevin Singerman, CEO and co-founder at AutoFi. “Although COVID-19 certainly was an accelerator to digitization, investments made over the last several years set the stage for the current trend.”

    The trend is real. According to Cars.com, 57% of buyers handled the bulk of their vehicle purchase processes online in 2020, with at-home delivery of vehicles and/or the trading in of cars from a consumer’s driveway both gaining in popularity last year.

    Stepping Up to the Plate

    Auto dealers are accommodating their customers’ virtual buying habits. Dealerships are adopting digital tools and technology increasingly, and car shoppers can expect more of the purchase process to take place on virtual selling platforms such as chat, video and dealer websites, according to Cars.com. More than 70% of consumers want to be able to conduct at least some aspects of the car-buying process online.  

    Pointing to Vroom and Carvana as two popular online car-buying platforms, Singerman said digital retailing in the auto industry has been both proven and de-risked over the last couple of years. As a result, he says that the $1 trillion auto sales industry — which has been operating nearly completely offline up until recently — is now shifting in large part online.

    “As car shoppers express an increased desire to complete some of the car-shopping process online, especially price negotiations and online financing, the percentage of online auto sales will continue to increase,” Singerman said.

    As that happens, you’ll want to polish your online research, negotiating and buying skills.  You can both research and negotiate via email, and don’t be afraid to shop around and pit dealerships against one another. Shop from the comfort of your own home, explore a wider selection of vehicle options with just a few clicks and browse without feeling pressured by a salesperson. The downsides are that you won’t be able to jump in for a test drive or give the car a once-over, both of which will have to take place in-person at the dealership.

    Tackling the Complexities

    If you secure preapproved financing from American Airlines Federal Credit Union in advance, you may be able to negotiate even more competitive terms (ask for the out-the-door price on the car first and then present your financing details). Understand that any extended warranties, prepaid auto maintenance or insurance options will be added onto the contract price.

    Acquiring a car online is more complex than buying an appliance or computer that way. Be sure to do your research, read the consumer reviews, explore your options, and understand all contract details before signing on the dotted line.

    Find out more about our car-buying options and keep an eye out for our virtual car sales

    About the Author
    Bridget McCrea
    Financial Author, Expert Writing Services, Inc.

    Share:

    Related Posts

    • Busting the Biggest Money Myths
    • ZELLE IS MAKING CHANGES FOR USERS
    • What's your best Financial Advice
    • Adapting to Dynamic Price Surges
    • Kickstart your finances for the new year

    Related Posts

    • Busting the Biggest Money Myths
    • ZELLE IS MAKING CHANGES FOR USERS
    • What's your best Financial Advice
    • Adapting to Dynamic Price Surges
    • Kickstart your finances for the new year

    ABA / Routing # 311992904

    • Online Privacy Policy
    • Privacy Notice
    • Website Accessibility

    Questions?

    Chat Hrs:
    Monday - Saturday, 8 a.m. - 5 p.m., CDT

    (800) 533-0035 within the U.S.

    (817) 952-4500 Outside USA, Canada, Puerto Rico & U.S. Virgin Islands


    American Airlines Federal Credit Union 2025 | American Airlines Credit Union and the Flight Symbol are marks of American Airlines, Inc. If you are using a screen reader and are having problems using this website, please call (800) 533-0035 for assistance. Equal Housing Lender
    Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. NCUA, National Credit Union Administration, a U.S. Government Agency.

    Let's Connect:

    • Online Privacy Policy
    • Privacy Notice
    • Website Accessibility

    Questions?

    Chat Hrs:
    Monday - Saturday, 8 a.m. - 5 p.m., CDT

    (800) 533-0035 within the U.S.

    (817) 952-4500 Outside USA, Canada, Puerto Rico & U.S. Virgin Islands

    ABA / Routing # 311992904


    Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. NCUA, National Credit Union Administration, a U.S. Government Agency.

    Let's Connect:

    American Airlines Federal Credit Union 2025 | American Airlines Credit Union and the Flight Symbol are marks of American Airlines, Inc. If you are using a screen reader and are having problems using this website, please call (800) 533-0035 for assistance. Equal Housing Lender
    ["aacu01mstrt9x16inte.dxcloud.episerver.net","integration.aacreditunion.org","aacu01mstrt9x16prep.dxcloud.episerver.net","preprod.aacreditunion.org","www.aacreditunion.org","apply.aacreditunion.org","online.aacreditunion.org","centsmag.aacreditunion.org","centsmagazine.com","jobs.aa.com","myaccount.iconnect2invest.com","navigator.aacreditunion.org","www2.iraservicecenter.com","aacreditunion.studentchoice.org","www.igrad.com","www.homeloaans.org","calclinks.aacreditunion.org","app.loanspq.com","www.cvent.com","prod.aacreditunion.org","www.docusign.net","applynow.aacreditunion.org","cvent.me","join.aacreditunion.org","mailto:AACadet@AACreditUnion.org","aacreditunion.formstack.com","cents-mag.com","www.cents-mag.com","www.centsmagazine.com","aacu02mstru2p99prod.dxcloud.episerver.net"]

    YOU ARE NOW LEAVING THE CREDIT UNION WEBSITE

    You are about to visit a site operated by a third party. The Credit Union does not provide and is not responsible for the product, service, overall website content, security, privacy policies or software downloads for any external third- party sites.