By Rory Joyce
Credit Karma wants to simplify everything related to your vehicle — just as we are doing with credit — and provide more consistency and transparency around your auto health and related expenses. That’s why we’re excited to announce our new auto assistant, a first-of-its-kind hub to digitally manage your vehicles in one place and provide more context around expenses and notifications.DMV Profile Insights: We’ll pull in driver’s license and vehicle registration data on your household from the DMV and other sources. Soon you’ll be able to see if there are mistakes with this information or to simply keep track of when your registration or license expires.Value Monitoring: We’ll keep track of your vehicle’s value over time. This can help you make better decisions on when to buy and sell a vehicle, or what to do at the end of your lease.Recall Monitoring: One in four vehicles in the U.S. has an open recall. We’ll let you know if your vehicle has been affected and alert you when new safety recalls are announced for your vehicle.Loan Monitoring: We’ll run an analysis of your vehicle, loan details and credit, and let you know if there is an opportunity to save via refinancing. If it doesn’t make sense today, we’ll keep an eye on this in the future as your credit and other factors change.Insurance Assessment: We look at how your credit profile and vehicle data compare with other Credit Karma members who have received an insurance quote in order to see if you can save. If there is an opportunity to save money, you can compare rates directly on Credit Karma.
Through our new auto assistant, we will bring more transparency to data the DMV may have about you and will help demystify your auto expenses, empowering you to get the best loan and insurance you deserve. We’re committed to proactively reaching out at meaningful moments to help you make the most of your money when it comes to your vehicle — as well as some of your other assets. And it’s always completely free.
Rory Joyce is director of product management for auto at Credit Karma
*Some features shown in images not available at launch.