3 ms·
Their "we will buy your car if it doesn't sell in X months" guarantee was the most egregious unforced adverse selection I've seen.
by hkmurakami 10y ago
Their "we will buy your car if it doesn't sell in X months" guarantee was the most egregious unforced adverse selection I've seen.
- dirtae 10y agoThat's a good point. Beepi seemed like they were just way too generous, in general. (See my comment elsewhere in this thread about them allowing you to charge your entire car purchase to a credit card.)
- underwater 10y agoThey would do a full inspection on the car before ever setting a price and were apparently picky about what they accepted. They also offered significantly less than the consignment price if it didn't sell. So it wasn't as bad as it seems on the face of it.
- prostoalex 10y agoThe pricing on the guarantee wasn't too generous, it's similar to what a used car dealership would be willing to quote you based on Kelly's Blue Book without seeing the car.