
BMW invests in AutoFi, looking to change the car buying process
BMW invests in AutoFi, looking to change the car buying process
When Tesla decided to skip dealers initially the world skipped a beat for a moment. How could this be? How could a manufacturer decide to drop that entire process of buying a car and replace it with doing it all online? Well, Tesla was just adapting to the times we live in and they must’ve seen something others didn’t as that trend is probably going to start amplifying. The people from BMW might think so too as they recently announced an investment in California-based startup AutoFi.
What is AutoFi? Headquartered in San Francisco, CA, AutoFi is a retail platform that allows car buyers to purchase and finance a car from a variety of financial institutions within or outside the dealership. Thanks to AutoFi’s...