Cars45, a Nigerian automotive trading startup which launched operations in 2016, wants the used-car-buying market to be: organised, fast, transparent and hassle-free. The traditional purchase process – where a seller would wait for weeks to find a buyer and contend with haggling – can be exhausting. Sellers of used cars have to drop their vehicles with an auto repair shop to find a buyer, or list their cars on online trading websites and social media. Started in 2016 by Etop Ikpe, the former commercial director of Nigerian e-commerce firm Konga, and other entrepreneurs, Cars45 uses its digital platform to improve the buying, selling and swapping of used cars. A prospective seller visits the website, fills out an evaluation form with details of the brand, model, gear type, and year of manufacture, and receives a quote based on current market value. The seller takes the vehicle to Cars45’s inspection centres, where auto experts examine its condition. A price is agreed and payment made within an hour. Buyers then visit the retailer’s sites to purchase the new and pre-owned cars or trade in their vehicles.
SOURCE: AFRICAN BUSINESS MAGAZINE
More Stories
African and Global Firms Contribute towards Harris’ Empowerment Fund
The Main Winners in Nigeria’s Botched Currency Overhaul are Two Chinese-owned Fintech Apps
The Growing Opportunities that African Pharmaceuticals Present
Africa’s Extraction and Export of Raw Materials is Rising
Accra’s Plan on a Debt-free Life
Mauto is Preparing Benin—and Africa—for an e-bike Ride
Rwanda’s Long History of Mining
Disease Stops Trade in East Africa’s Border Towns
A Marketplace for Medical Equipment in Addis
South African Rate Hike Exceeds All Expectations
At the Coalface of the Green Revolution, but Earning Crumbs
Harris Stresses that U.S. Interests in African Nations Extends beyond Competing with China