Disrupting the Automotive Sales Industry
When you decide to purchase a vehicle — whether it’s your first car, or your 40th. It seems one common factor between most people, is that it’s very exciting. Who doesn’t enjoy dreaming of all the features, and colors, and models of vehicle?
But — when it comes down to the actual process of buying a vehicle, things get a little more complicated, and the glamour and excitement dies down.
There’s a laundry-list full of steps you have to take when setting out to purchase a vehicle:
From finding a dealer that carries the vehicle you want, shopping around for prices, checking vehicles history reports, securing financing, negotiating the price, selling your old vehicle, paying off your old loan so you can take out a new load, making a down payment… the list goes on.
It can be quite an overwhelming experience for even the most seasoned car buying veterans. With all the steps involved in the process come all sorts of “middle men”, people and organizations like lenders, advertisers, analysts, vehicle history reporters, car listing websites, etc. Most times, each of these “middle-men” take a percentage of the final sales price for the services that they provide. The problem here is that none of these services actually effect the value of the vehicle. Many of the “middle-men” simply help connect the seller and the buyer.
Now — imagine a platform that not only connects the buyers and sellers, but also connect all the buyers with each other, AND cuts out the need for any of the middle men. One where, customers will be able to browse for the best cars, using both web and mobile apps. Once they decide to place an offer, they can use the marketplace’s interface to initiate the transaction on the decentralized ledger.
On top of that, image that the platform will also enable end customers to purchase cars by sourcing P2P (peer-to-peer) loans, based on the best rates. One that increases competition and enables customers to source the best deals available to them.
What if the customer could also provide auto loans to other customers based on their credit-profile and the platform’s recommendation, through streamlined smart contracts?
These are just a small selection of the features that will be available on the autoXchange platform. Additional features include; dealer sourcing, customer-service platform, co-ownership opportunities, free vehicle listing, integration into 3rd-party applications, decentralization, and a whole lot more.
The car buying process has remained largely unchanged since the first car was sold. autoXchange believes it’s time for a change. Do you?
Join the autoXchange team on telegram to learn more, or ask any questions you have.
Social Media and Links:
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5051497
Announcement Only Channel: https://t.me/autoxchange
Twitter: http://bit.ly/autoXchange_Twitter
LinkedIn: http://bit.ly/autoXchange_LinkedIn
Facebook: http://bit.ly/autoXchange_Facebook
Medium: http://bit.ly/autoXchange_Medium
Reddit: http://bit.ly/autoXchange_Reddit
GitHub: http://bit.ly/autoXchange_GitHub
Youtube: http://bit.ly/autoXchange_YouTube
Lotto Code: 5L6I99N6
