Consumers have long distrusted car dealers. In DMEautomotive’s 2014 survey of 2,000 automotive customers, only 1 in 5 perceived car dealer sales representatives as trustworthy. While some consumers choose to cut out the middleman by buying or selling cars on Craigslist or eBay, trust can be even dicier on those sites. However, those wary of these options have a growing number of online alternatives for buying and selling cars. U.S. News looked at three startups that are attempting to improve the car-buying process.
Peer-to-peer car-buying website Beepi launched last year in San Francisco and closed $60 million in funding last fall. The company is a licensed car dealer in California and also accepts cars from private sellers in Arizona and Texas. “You list your car on Beepi.com and get a guaranteed price that will never change,” says co-founder and CEO Ale Resnik. That means no room for negotiations between buyers and sellers. In fact, buyers and sellers don’t even have to interact because Beepi offers free car delivery to buyers in 200 cities.
“Once you have your guaranteed price, you schedule a Beepi inspection, and if the car passes inspection, we guarantee it’ll sell in 30 days or less,” Resnik says. Beepi has a team of full-time inspectors who complete a 185-point inspection and photograph the car for posting on the website.
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