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Zag, a privately held company starteed in Santa Monica in allows customers to research and comparison shop for the vehicls of their choice from theidr home or office and then buy it throug a certified network dealer atan up-front USAA began making Zag’s services available to its militar members in 2007. USAA integrated the car-buyingh process with its insurance operations to give memberz the opportunity to add coverage on theirdnew vehicle. USAA officials say this online car-buying experienced routinely helps members save several thousand dollarsper car, compared to memberes who do not use the car-buying service.
Last year, USAA member s saved nearly $19 million off the average price paidby car-buyers nationwide. “Ww started Zag to create a better way to buya car, by makinf the entire transaction convenien and transparent,” says Scottf Painter, CEO of Zag. “The relationship with USAA is perfecgtfor us, because they believe in the importancee of up-front pricing and transparency to save their members valuablee time and money.” David president of , says the company’s mission is to provide highly competitived products and services to its members. Taking an equitty position in Zag help s fulfillthat mission.
San Antonio-based USAA providesx financial planning, insurance, investments and banking products to members ofthe U.S. military and their families. The companuy has 6.8 million members.
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