Credit Application Disclosures and State Notices

The words “you”, “your” and “yours” as used below refer to the person submitting this application. The words “we”, “us”, “our” and “ours” refer to TrueCar, Inc. and its wholly owned subsidiary Digital Motors Corporation, the dealer, and the financial institution(s) selected to receive your application.

By submitting this application, you certify that:

  1. The information provided in this application is true and correct to the best of your knowledge.
  2. You understand and agree that you are applying for credit by providing the information to complete and submit this credit application. We may keep this application and any other application submitted to us and information about you whether or not the application is approved.
  3. You authorize us to request information from you and to make whatever inquiries we consider necessary and appropriate (including requesting a consumer report from consumer reporting agencies) in considering this application and for the purpose of any updates, renewals, extension of credit or leases, offering you other products and services for which you may qualify, or for any other lawful purpose. A hard credit inquiry may be conducted by the financial institutions, the dealer or both. A hard credit inquiry will impact your credit score. Upon your request, we will inform you of the name and address of any consumer reporting agency from which we obtained your consumer report.
  4. You agree that we may investigate and verify your credit, employment, income, assets and debts, and that anyone receiving a copy of this is authorized to provide us with such information. You further authorize us to gather whatever credit and employment history we consider necessary in evaluating this application and any other applications submitted in connection with the proposed transaction.
  5. You certify that a bankruptcy proceeding is neither in progress nor expected.
  6. You authorize us to submit this application to the financial institutions disclosed to you by us or the dealer. This application will be reviewed by such financial institutions on behalf of themselves and the dealer. In addition, in accordance with the Fair Credit Reporting Act, you authorize that such financial institutions may submit your application to other financial institutions for the purpose of fulfilling your request to apply for credit.
  7. You understand that we will rely on the information provided to decide whether to approve the financing requested.
  8. You certify that you are of legal age to consent to an agreement in your state.
  9. You understand that we may use automatic telephone dialing systems, prerecorded or artificial voice messages and text or email communications to communicate with you. You expressly consent to receive autodialed calls, prerecorded or artificial voice messages, and text or email messages from us or third parties that work for us, using any telephone number or email address that you have provided to us, even if that number is for a cellular telephone or wireless device and using that number results in charges to you by a telecommunications company.

State Notices:

California Residents: An applicant, if married, may apply for a separate account.

Maine and Tennessee Residents: You must have physical damage insurance covering loss or damage to the vehicle for the term of the contract. For a lease, you must also have the liability insurance as described in the lease. You may purchase required insurance through any insurance agent or broker and from any insurance company that is reasonably acceptable to us. You are not required to deal with any of our affiliates when choosing an agent, broker or insurer. Your choice of a particular insurance agent, broker or insurer will not affect our credit decision, so long as the insurance provides adequate coverage with an insurer who meets our reasonable requirements.

New Hampshire Residents: If you are applying for a balloon payment contract, you are entitled, if you ask, to receive a written estimate of the monthly payment amount for refinancing the balloon payment in accord with the creditor’s existing refinance programs. You would be entitled to receive the estimate before you enter into a balloon payment contract. A balloon contract is an installment sales contract with a final scheduled payment that is at least twice the amount of one of the earlier scheduled equal periodic installment payments.

New York Residents: In connection with your application for credit, a consumer report may be obtained from a consumer reporting agency. Upon your request, you will be informed whether or not a consumer report was requested and, if so, the name and address of the agency that furnished such report. Subsequent consumer reports may be requested on any update, renewal, or extension of this credit.

Ohio Residents: Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio civil rights commission administers compliance with this law.

Rhode Island Residents: Credit reports may be obtained in connection with your application. You have the right to choose the agent and insurer for the insurance required in connection with this transaction, subject to our reasonable approval and consistent with the requirements of applicable law.

Vermont Residents: You consent to the dealer, any assignee of the account or credit agreement, or other financial services provider to whom this application is shared to obtain a credit report in connection with this application. In addition, you consent to the holder of your account or credit agreement and any subsequent holder to obtain credit reports in connection with the same transaction or extension of credit for the purpose of reviewing the account, taking collection action on the account, or for any other legitimate purpose.

Married Wisconsin Residents: Wisconsin law provides that no provision of a marital property agreement, unilateral statement under Section 766.59, Wisconsin Statutes, or a court decree under Section 766.70, Wisconsin Statutes, affecting marital property adversely affects the interest of a creditor, unless the creditor receives a copy of the agreement, statement or decree prior to granting the credit or unless the creditor has actual knowledge of the adverse provision when the obligation to the creditor is incurred. If you are making this credit application individually and not jointly with your spouse, your non-applicant spouse should not sign the credit application.