This Company Wants to Change How We Buy and Sell Used Cars

, and there won’t be many positive responses. But financing a private-party purchase isn’t easy, and there aren’t any warranty packages available. Add in the hassle of titling and registering a vehicle on a bill of sale, and the whole process can be daunting compared to a dealership trip. Dealers invest in software to ease the process for customers as well, while there’s been no help for private-party buyers.

Caramel aims for its software to be used alongside traditional online vehicle marketplaces in an attempt to improve the current private-party shopping experience. Among its features are enhanced safety functions that allow buyers and sellers to upload scans of their driver’s licenses. From there, each party can use the app’s biometric selfie feature to verify their identity, which is then matched against existing DMV data.

During the buying process, users have the opportunity to utilize a number of features previously available only from dealers. This includes filing for financing from verified lenders like Ally Financial . Caramel also allows customers to compare rates and enroll in insurance for their new car in real-time. Caramel claims to ease reliability concerns by way of purchasable vehicle service packages from Zurich.

“My crude analogy would be like when certified pre-owned cars launched a few decades ago,” Brojerdi told. “People suddenly were like ‘I'd rather have a CPO car versus a normal used car.’ In a way, we’re sort of thinking if there’s that little Caramel link in a post, I as a buyer know that this person is willing to go through security validation. They’re willing to make sure that my money and the title are handled digitally and professionally.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

This Company Wants to Change How We Buy and Sell Used CarsCaramel is bringing a suite of dealer services to private party sales. Why are you advertising it?
Bron: RoadandTrack - 🏆 577. / 51 Lees verder »

Two Regal movie theaters closing in metro area as company navigates bankruptcyParent company Cineworld will shutter 39 Regal Cinemas theaters across the country, including two in Colorado, as part of a Chapter 11 bankruptcy reorganization.
Bron: denverpost - 🏆 13. / 72 Lees verder »

Bayer investor criticizes company chair for lack of initiativeThe Bayer investor Union Investment criticized Bayer's chair for a lack of engagement, such as exploring a spin-off of the company's consumer health division, according to an interview in WirtschaftsWoche. I'm pretty sure there is a lot more to criticize about bayer... if there were journalists working at Reuters we'd hear more about it. What's your response to the Epstein Island flight log list proving Bill Gates DID go to the Island after you all stated it was a false accusation care to respond? It looks like both have a different understanding of value enhancement and profit
Bron: Reuters - 🏆 2. / 97 Lees verder »

Microsoft shoots for AI integration as layoffs at the company continueMicrosoft CEO says OpenAI partnership will allow companies to access tools like ChatGPT in workplace emails, slideshows, and spreadsheets We can learn everything by dear ChatGPT But can it help me in making more money also, please 💰 😊 Microsoft partnership, will only make OpenAI become ridiculously expensive. I wish someone else would create a real openAI which is free and accessible by all. Great article. I’m an SWE and ChatGPT is a massive ongoing topic
Bron: BusinessInsider - 🏆 729. / 51 Lees verder »

Company Of Heroes 3 Shows Off The British In Latest TrailerGet a better look at the British soldiers and their commonwealth in the latest trailer for CompanyOfHeroes 3, coming this February. SEGA
Bron: bleedingcool - 🏆 20. / 69 Lees verder »