How Way.com and Advia Credit Union Are Reducing Car Ownership Costs for Consumers

Tackling the Cost of Car Ownership



As living expenses continue to skyrocket, one of the most pressing financial burdens consumers face is the cost associated with car ownership. From high-interest loans to unexpected repair bills, these expenses compound and create significant stress. Enter the partnership of Way.com and Advia Credit Union, two prominent players committed to simplifying car ownership and making it economically feasible for consumers.

The Partnership's Vision



Way.com, known as the leading fintech platform for car ownership, has teamed up with Advia Credit Union—an organization dedicated to providing financial advantages to its members. Together, they aim to deliver comprehensive financial solutions designed to minimize car-related expenses. Bill Clancy, Vice President of Consumer Lending at Advia, emphasized their alignment, stating, "We saw great synergy between our two companies and believe members will find maximum value and financial relief from the solutions Way is offering."

Broadening the Scope of Savings



Way.com has introduced a suite of features through its app that can save customers up to $1,500 annually on various car expenses. This significant saving is a game-changer for many households grappling with high living costs.

Key Benefits of the Way App


  • - Auto Refinancing: The app provides users with competitive rates, potentially lowering monthly payments for existing loans.
  • - Gas Discounts: Users can access discounts on fuel, helping to ease the financial strain of everyday driving.
  • - Glass Breakage Protection: In the unfortunate event of windshield damage, users can have peace of mind with coverage options.
  • - Free Car Washes: Regular maintenance and cleanliness of vehicles can be costly; the app offers this as a complimentary service.
  • - Parking Discounts: Collaborations with various parking providers allow users to secure substantial discounts on parking fees.

Furthermore, the app caters to added security and convenience with features such as digital roadside assistance, a free mechanics hotline, and layoff protection. These layered benefits ensure users are well-protected and informed about their vehicle's condition at all times.

Empowering Members Through Technology



The potential for savings doesn't just stop at vehicle expenses. Way.com has positioned itself as a resource for financial education and insight, guiding users towards the best possible insurance rates and car services. The app is designed to be an all-inclusive marketplace—delivering everything from auto insurance options to securing city and airport parking spots, making the car ownership experience seamless.

Steven Gordon, Way's Executive Director of Financial Partnerships, mirrored Clancy's sentiments: "We are two like-minded businesses who believe in quality offerings and financial solutions that truly help people."

Advia Credit Union's Commitment



With over $3 billion in assets and a mission to provide financial advantages to nearly 200,000 members across Michigan, Wisconsin, and Illinois, Advia is a significant player in this partnership. Their commitment extends beyond just offering products; they aim to deliver meaningful solutions that maximize financial value for their members. Through this collaboration, Advia can enhance their offerings significantly, providing financial relief through technology and innovation.

Conclusion



As financial pressures mount, the partnership between Way.com and Advia Credit Union heralds a new era of car ownership. By pooling resources and focusing on innovative financial products, they're not only addressing immediate financial woes but also empowering consumers for the long term. With average savings of up to $1,500 and a host of added benefits, car owners can breathe a little easier knowing that relief is just a click away.

Topics Consumer Products & Retail)

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