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New Online Service Set
to Save UK Drivers GBP2.8Bn a Year in Part-Exchange Deals
Award-Winning AutoeBid
Launches New Part-Exchange Service - 27th Sep
07
A new online
service is set to save UK new car buyers GBP2.8 billion(i)
annually if they part-exchanged their old car for a new car
via AutoeBid.
AutoeBid, the original reverse auction website, has expanded
its
award-winning service to offer private new car buyers the
chance to secure a
competitive price on their old vehicle by reaching over 700
dealers online to
secure the best price.
When it comes
to part-exchange deals, buyers until now have
been limited by geography, only visiting one or two local
dealers to try and
obtain the best part-exchange deal. However, by using the
auction tactics via
AutoeBid, it is now possible to reach dealers nationwide.
These dealers will
bid the price up on the buyers part-exchange thereby saving
people money, but
also time and hassle.
Amin Saleem,
founder of AutoeBid said: "Since we launched in
2003 we have taken over GBP50 million worth of orders for
our suppliers, yet
one of the biggest improvements to our service that people
have called for is
to help them with part-exchange. We believe our offer will
be one of the most
competitive which will hopefully take out some of the stress
associated with
new car buying."
The new
part-exchange service provides two ways for customers
to enter a deal. Firstly a ´DIY´ option which involves the
seller valuing
their car according to a 38 point check list provided by
AutoeBid and
supplying their own images. This results in at least one
guaranteed firm
offer from a dealer. The second ´Professional´ option, which
generates higher
bids from a larger pool of dealers, costs GBP60 which
involves AutoeBid
organising for a professional photographer to come to the
sellers home taking
photos of the car and paperwork.
AutoeBid has
prepared the 4 P´s of Part-Exchange to make the process
even easier:
1.
Paperwork - check you have all of the car´s paperwork
such
as registration documents, MoT certificate and service book
to show full
service history (if you don´t have the last stamp etc
contact the garage to
get it) and check it is all up to date and correct.
2.
Presentation - a clean, tidy car inside and out with
professional images will make a car more appealing to a
dealer and drive up
the price
3. Pay to
fix it - if there are any items that need fixing or
replacing it will work out cheaper to get them replaced or
fixed prior to
selling it
4. Pitching
it - the more dealers you pitch your car to the
more likely you are to get a higher price, it´s that simple
To find out more about the
part-exchange service and to
receive advice on how to secure the best part-exchange deal
visit
http://www.autoebid.com or call
800-033-6022 (Lines open 9am-6pm Monday
to Friday).
Note to
Editors:
AutoeBid is an
award-winning online business operating in the
UK new car industry. It provides a unique online reverse
auction service,
together with a quote-generating service. The service
benefits consumers and
suppliers alike, saving both of them huge amounts of time,
effort and money.
It was launched by Amin Saleem in 2003 and to date has taken
over GBP50m
worth of orders. AutoeBid´s awards include the DTI National
e-commerce Award
2004, DTI ´Highly Commended´ award for ´Best Sales and
Marketing online´
2005.
Ref: 004AEB
(i) Out of the
2+ million new car buyers each year, 1 million are private
buyers (source: Society of Motor Manufacturers and Traders).
The saving is
based on the average AutoeBid customer saving of GBP2,846 in
July 2007
Click here to full full details on our
Part Exchange Offer
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