Most people understand that like trading in anything used, you get what you bargain for. The quality varies, prices vary and you risk buying crap sometimes. Don

Most people understand that like trading in anything used, you get what you bargain for. The quality varies, prices vary and you risk buying crap sometimes. Don't like that? Pay a bit more and buy extended warranty or precertified cars. To sell your car, there's KBB, carmax, cars.com and any dealer you want to buy a car from. Beepi was just one of the many options (no hassle no haggle). However, instead of being a marketplace like cars.com, it took ownership of the transaction probably with hopes to take a bigger chunk of the transaction but effectively became a dealer. Car dealer margins are like 2%. At a 5x multiple, it would be worth 10% of Sales.