Carwow is partnering with Guarantee Options Group (WSG) to create ‘BuySafe’ to assist safeguard sellers towards undisclosed mechanical and electrical failures on inventory sourced by way of its on-line auctions.
The primary programme of its variety to be supplied within the consumer-to-business public sale market, BuySafe has been designed particularly to assist with a few of the most problematic car points – usually those exhausting to identify on inspection – reported by sellers following buy by way of public sale.
It contains the price of repairing or changing round 3,000 elements beneath the primary programs – together with the engine, gearbox, alternator, differential, infotainment, lighting items and supercharger – plus related labour prices.
In return for under £59 plus VAT per car, sellers are safeguarded towards main mechanical failures on eligible vehicles they buy via Carwow auctions. This drastically reduces the danger to sellers of an surprising restore invoice and maximises revenue when the automobile is subsequently bought.
Sally Foote, Carwow’s chief business officer – Promote My Automotive, stated: “BuySafe is game-changing for our vendor companions. Our purpose is to construct essentially the most clear and trusted on-line public sale platform for the motor commerce. We recognised that purchasing straight from a client by way of public sale could be seen by some sellers as probably dangerous.
“That’s why BuySafe has been created – to present sellers assurance that they received’t face a hefty restore invoice ought to one thing go incorrect mechanically or electrically. Our sellers can now bid with complete confidence.”
John Colinswood, CEO of Guarantee Options Group, added: “Particularly designed to safeguard towards a few of the largest and most problematic car points reported by sellers after buy, we firmly consider this trailblazing initiative will remodel the net car public sale trade.”
Following a profitable pilot part, sellers that meet sure eligibility standards will have the ability to be part of the ready record for BuySafe.
Carwow has additionally lately enhanced its car assortment and supply service, making the changeover course of stress-free for sellers and customers alike. Its assist staff is out there to help between 8:30am and 5:30pm Monday to Saturday.
