Vancouver, British Columbia–(Business WireAs an ongoing car shortage amid the pandemic continues to limit options for Canadians looking to buy a vehicle, consumers are turning to Mintlist, a tech startup that’s improving the way they buy and sell cars. The Mintlist company has announced the official launch of Canada’s first two-way online vehicle marketplace that allows consumers to sell privately owned vehicles for the highest possible price. And Buy new or used vehicles from our extensive inventory in our extensive network of pre-approved dealers.
MintList is making it easier for consumers to sell and buy vehicles.
The process of buying and selling a car on MintList is quick and easy. From start to finish, it only takes a seller 10 minutes to list a vehicle for sale. MintList guides the seller through the entire process, from using their smartphone to take a few photos of their vehicle and answering a few questions, such as year of manufacture, mileage and service records. MintList builds the vehicle profile and takes care of everything to determine the vehicle’s condition and automatically estimate the starting price of the auction. Once listed, the vehicle will be sold for a 45-minute online auction only to authorized dealers. It is not unusual for a seller to receive as many as 100 offers during this competitive process.
Once the seller accepts the offer, they have the option of receiving their money within 24 hours or using the money to buy another car (new or used) from hundreds of approved dealers in the MintList network. A key benefit that MintList offers is that consumers can sell to any dealer and buy from any dealer.
It saves consumers thousands of dollars in tax savings
The transaction process allows consumers to unlock thousands of dollars in tax savings when using MintList for both transactions. The price of a vehicle sold using MintList goes toward the purchase of another vehicle, and the buyer pays only the difference in price between the trade-in and the new car.
“Buying and selling vehicles online is the future of the retail car business in Canada, and MintList makes this whole process easier for everyone with our two-sided marketplace that gives consumers the convenience, choice and confidence they need,” said Mike Wood, co-founder and CEO of MintList. Executor. “By showing transparency at every step of the process and ensuring that the merchandise is sold properly,
In a MintList survey of 300 consumers, 66% were unaware that they were entitled to significant tax savings when trading in a vehicle and purchasing another vehicle. In the past, these tax savings were only allowed when using the same dealership for trade-in and new vehicle purchases. However, MintList offers this benefit to consumers who sell their current vehicle on MintList and choose to use the money to purchase another vehicle within seven days. Any Distributor on the MintList platform.
Mehrsa Raiszadeh, Co-Founder and COO said, “This is an industry game changer when sellers can’t visit car dealerships and have to invest hours or days to find the best price for their business.” By MintList. “Furthermore, those looking to buy a vehicle no longer need to visit dealerships or arrange viewings and test drives with private sellers. Simply check a list of dealers, reserve your favorite car with cash back, head to the dealership for a test drive, and buy the vehicle with confidence or get your deposit back. And of course, when both transactions are done on MintList, the tax savings can be significant.
The MintList automotive marketplace is currently available to consumers in British Columbia, with plans to expand to other provinces.
MintList is an AI powered platform to buy, sell and trade cars. In addition to providing owners with the easiest, fastest and safest way to sell their vehicle for the best price, MintList allows consumers to use the value of their existing vehicle to trade in another new or used vehicle, saving thousands of dollars. on taxes. MintList’s business model uses advanced technology rather than expensive physical infrastructure to provide the best value for both automotive dealers and consumers. For more information, visit MintList.com.