I recently sold my Peugeot 207, without selling to oppressive car dealers.
When I bought the car 2 years ago, I bought it directly from the owner.
It is cheaper for buyer (and higher value for seller), and isn’t that complicated to transfer ownership. I have the steps.
Now, it’s my turn to sell
Of course, I would prefer to sell direct.
Yet I understand it takes time and effort when you take matters into your own hands.
When I bought the Peugeot, I could be the tenth potential buyer who test drive the car. How do I know? Because I saw a stack of indemity forms the seller had..
Nonetheless I posted on Carousell Motors, sgcarmart, and Carro.
It was Carro who eventually sold the car, so a huge shoutout to them.
Carro tagline – Fastest Way to Sell Your Car for More
That’s exactly what I want.
Carro is a Singapore startup with very good growth, and has the best looking website and technologies.
Take a look at the post for my Peugeot.
Key information is nicely presented
Carro didn’t stop at just carro.sg. Along the way I found graph.sg, which let you check on the price of your car in the past months! And there is genie.sg, their subsidiary on financing.
That is definitely the work of a great startup.
Sold in 1 month
Not sure if we are lucky, or that we sell at very reasonable price - depreciation of just $7,000!
Or it could be that Carro’s team is doing a good job.
From what I heard, Carro salesman don’t get commission out of the sale. Instead, they get paid monthly, so as a team they help one another.
Carro charges the seller a fixed $250, and none from buyer, for their match-making service. They probably also earn from their in-house loan service.
Oppressive car dealers can easily earn $4,000, by squeezing the price from both seller and buyer.
To summarize:
- Carro: Sold at $17,500 - $250 fee = $17,250
- Car dealers: At best $14,000
- Difference = $17,250 - $14,000 = $3,250
Indeed with Carro, we sold for – $3,250 – more.
It was a great experience and I would recommend Carro to all.