Over-50s encouraged to capitalise on the used car boom

A new service will help Australians take advantage of the used car sales boom by helping them buy or sell cars in a completely contactless way.

Auto technology start-up Summon has launched its first full ecommerce service for prestige cars, offering enthusiasts a COVID-safe way to buy and sell vehicles privately.

The launch has capitalised on the increase in prices of used cars, which due to supply constraints triggered by the pandemic have risen 34 per cent in the past 12 months, according to the latest Moody Analytics data.

“This new Australian-first service is the safest most comprehensive way to buy a prestige car privately during lockdown,” says Summon co-founder and CEO Tim O’Neill.

“Selling your car privately is a fantastic alternative to just selling your car to a dealer and losing on average 15 per cent of the value of your asset. We manage the entire process for the seller, and work with them to achieve the best possible value for their car.”

The new offering, available in Melbourne, Sydney, Gold Coast and Brisbane, digitises the entire car buying process, replacing a test drive -not possible during lockdowns – with a variety of digital alternatives and a money-back guarantee on delivery.

Summon also offers free valuations for those considering selling their vehicle.

The Summon service includes:

  • Up to 100 professional photos of each car listed with shots of the interior, exterior and engine.
  • A Redbook Remote Inspection of the car – an independent quality check for the car.
  • A live virtual inspection of the vehicle with the buyer and seller.
  • The ability to arrange a third-party mechanical inspection of the car prior to purchase.
  • Virtual completion of the deal via phone and email.
  • Either contactless delivery of the vehicle or a click and collect alternative.
  • A money back guarantee if the buyer is not completely satisfied with the vehicle on final inspection.

“For buyers, there is no better way on the market to buy a prestige car privately during lockdown. We’ve worked hard to ensure the service is not only safe, but comprehensive, covering everything you need to know while offering you the ability to ask for more information or clarification at any time,” says Mr O’Neill.

“Dealers and OEMs are starting to provide ways to sell cars online due to ongoing lockdowns, but 50 per cent of used cars in Australia are sold privately. We saw there was a gap in providing a safe way to sell cars online for people who wish to sell their car privately.”

Mr O’Neill says the new product fills a need identified during lockdowns.

“Last year’s lockdowns triggered this change in approach for Summon, and now we’re ahead of the curve in assisting the private buying and selling of prestige cars, in what is a logistically difficult period to do so,” he says.

For more information on buying or selling your car, visit www.summon.com.au

Have you considered cashing in on the used car boom? Why not share your thoughts about this service in the comments section below?

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