One thing that's really inspiring about this is that it has the potential to completely change the concept of used car sales. Just like how realtors take you around to go see houses that are for sale, a car salesman can become a person who takes you around to test drive cars for sale.
I might be wrong about your target market, but it seems like it is currently a market of wealthy individuals with high-valued cars to sell but no time to sell them. However, the quickest sales are the ones for lower valued cars - way back when I only had four figures in the bank, my only requirement for my used car was that it not make weird noises.
One lucrative direction you could go with this in the future is adding financing options, so someone could lease a used car from you and you could pass a percentage of the monthly car payments on to the car owner. Or, you could buy the car from the owner and lease it out to potential owners. I have no idea what the legal requirements are to be able to do this, but if it works you'd have a pretty stable source of recurring income.
Overall it's a great idea, I wish you the best of luck with this!
Asking for a phone number made me close the page. People use the web because they want to do things on their time and not to have to deal with people calling them.
To be honest, the phone number made it seem like one of the millions of lead generation services (e.g. limos.com) where your information is forwarded to a bunch of companies who then all spam you and call you for weeks to come. Email should be enough.
2. Yes, definitely. When I moved to SF, I drove here from the east coast. After realizing that I didn't need my car and it was expensive to keep, I looked into getting rid of it. It was a 93 ford taurus, and from what I could tell, not worth too much more than the cost of getting it registered in CA and in shape to sell. I ended up donating it because I just wanted to get rid of it. Having someone sell it for me would definitely have been worth it.
3. Not having to spend the time and effort managing the car sale, finding a buyer, figuring out the price, etc.
4. Looks handy. Your recently sold cars are all much newer and nicer than mine was, though, so I'm curious if your service would have worked for my older vehicle.
I just did the same thing for similar reasons. If there was no hassle for me, I would've sold it. 2 months too late!
I have one right now that I will be selling (2012 Porsche) and my immediate reaction was a) I still have to prep and detail my car - I don't have to do that if I trade it in and b) 5% is to much. c) I don't want strangers driving my car. d) I don't want to be hassled with selling my car which is why I take the hit at the dealer. If you want to call it that.
Remember also that trade in deals are actually negotiable. Like anything else.
Also dealers actually typically try to slant a trade in toward giving you more money (so it gives you an incentive to buy thinking you are selling something valuable).
You might want to alter your % based on price. And also create a way of separating sellers of higher priced cars from more commodity vehicles.
Also, not sure if it matters too much, but generally framing things as "not-losing" is better than framing something as a gain.[1]
Was thinking about selling it for 3 months already but just takes so much time.
Haha, yes it is a real thing, unfortunately only in the bay area for now. We've already sold a few cars and wanted to get some additional feedback. We'll push for Chicago soon!
We’d love to get some additional feedback on the service. Any feedback provided is super beneficial. We’re specifically looking for some feedback on:
1. When you get to the site, within the first 30 seconds, do you understand what we do. Why or why not?
2. If you do understand what we do, would you ever use a service like this? How much would you be willing to pay for this service?
3. What’s the biggest benefit to the service that you see?
4. Any general feedback on the site the content, the service as a whole would be great.
Thanks for the help guys, We always appreciate it!