What is the deal checker product of Carloop?
Deal Checker allows buyers in the market for a new car to check the prices that they are quoted by the dealerships.
We have all been at the dealers when buying a new car and are unsure if we are getting the best price for the car. However, we also do not want to spend weekends on end negotiating with multiple dealers to get the best deal.
carloop has taken the legwork out of that process. We are now providing a report which compares your quote to what other owners of the same car have paid. We have collected data from new car buyers all over Australia. This allows you to know where you stand in negotiating; providing you with a benchmark for negotiation on actual prices paid.
What made you decide to implement this as a core carloop product?
The Deal Checker product was on the back of many requests that we received from carloop customers. Our community, upon receiving their free sold price report, embarked on their negotiating journey. After going to many dealerships, they would come back to us with a price and say, “hey, what do you think, is this a good deal?”.
It made sense that we implemented a product that provided confidence to consumers for the next stage of the new car buying process. Born was the Deal Checker Report which has already been gaining significant traction over the past 4 months with new car buyers.
Where are you sourcing these prices from?
At the moment, we get the bulk of our prices from other owners of the car that you are looking at.
We now have a large database that allows us to compare your deal with what others have paid. This also includes any specific options that you may be considering which is generally not included in the free sold price reports.
It’s a very personalized comparison of your deal to ensure you’re comparing apples with apples.
What does this cost for new car buyers?
We are starting out by offering it to car buyers at $19 per report. We have confirmed with our early adopters that it’s a reasonable price given that buyers whom use this report save between one to two thousand dollars on average.
The deal checker report can be used during the negotiation process, allowing them to go to different dealers, and getting an even better price than what they are originally offered. It’s a time and money saver for our customers.