eBay’s new acquisition could make it easy to buy a car from anywhere

16 hours ago 4

eBay has “signed a definitive agreement” to buy online automotive transaction level supplier Caramel to assistance marque buying and selling vehicles connected the auction tract “more elemental than ever.”

Caramel has a tract and app that helps backstage parties and autarkic dealers merchantability cars by handling the paperwork, ownership transfer, financing, shipping, insurance, and more. The institution has respective marketplace and auction partners arsenic well.

Although eBay has hosted listings for utilized car income and auctions connected the tract for years, it presently leaves it to the dealer to process outgo and implicit immoderate paperwork. Fees specified arsenic titling charges are besides handled done the seller, and you’d person to negotiate separately implicit things similar dealer-installed accessories.

Last month, online retail elephantine Amazon started its ain “Autos” website for radical to bargain caller vehicles from dealers (only Hyundai models to start). However, Amazon advertises that you tin implicit the transaction (including a conveyance trade-in) to completion and lone request to prime up the car astatine the dealership.

How eBay’s process volition look is inactive to beryllium determined. eBay says its statement with Caramel was signed connected January 11th, and the woody is expected to adjacent successful the archetypal 4th of this year.

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