The warranty will last for 3 month and a vehicle safety inspection is included in the price of £149.95.
2006-11-01 10:05:58 · 8 answers · asked by DC 1 in Cars & Transportation ➔ Buying & Selling
most definitely, it would take the fear out of buying a used car, the inspection provides instant piece of mind backed up by a 3 month warranty which is typically plenty of time for a major problem with the car to introduce itself.
2006-11-01 10:12:02 · answer #1 · answered by fordguy 2 · 0⤊ 0⤋
Some warranties have exclusion clauses that make them worthless, I trust this is not one of these.
The short duration is of concern, most used car warranties are for a longer period and exclude an initial period that has to be underwritten by the vendor.
To whom are you selling? The norm is for these to be sold by the vendor. I assume that you are selling to the purchaser as he or she would normally be the person arranging an inspection.
You are competing with comprehensive inspections provided by established organisations such as the RAC, will you be using qualified vehicle examiners? The expression 'safety inspection' sounds like a partial duplication of the MOT and would not really be relevant to most vehicles.
Presumably your company will have minimal capital and the warranties will not be underwritten. This would be a further deterrent.
Sorry, I regard this as a non-starter but I am rather a cautious investor.
2006-11-01 11:40:07 · answer #2 · answered by Clive 6 · 0⤊ 0⤋
Consider your target customer. What kind of car? If you give me a three month warranty on the two year old Lamborghini I'm about to buy, and promise to pay for all repairs that might arise in that period, you're on.
If you want em to give you £150 for a battered Vauxhall I'm buying to teach my cousin to drive, I'll buy it too.
You are likely to attract the very top and the very bottom of the market.
The very top will lose you money. The very bottom might gain you some. The middle will largely ignore you. The middle is 95% of the market.
If I were a bank I wouldn't give you credit......
2006-11-01 10:13:34 · answer #3 · answered by petrovg 2 · 0⤊ 0⤋
You would need an angle that would set you apart from the competiton...
Maybe if you teamed up with a advertising publication that sells classified ads for cars and offered them a part of each sale, they could promote you to their readers. This may also help keep you in the same geographic area until you start to grow.
Otherwise, you advertising costs will be really high to reach such a small audience.
Good luck!
2006-11-01 11:06:28 · answer #4 · answered by John L 5 · 0⤊ 0⤋
There are many firms that already offer this type of coverage. You'd be better off competing in a less croweded industry. Now if you were affiliated with dealers in a local area, as well as local mechanics, then it might be looking into.
2006-11-01 10:12:08 · answer #5 · answered by dantheman_028 4 · 0⤊ 0⤋
Fifty quid a month? What exactly would it cover? The term seems very short.
2006-11-04 05:37:16 · answer #6 · answered by Bandit600 5 · 0⤊ 0⤋
I would phone up all your local garages and ask as a potential customer what deals they offer. Then you will know if you are offering a good deal or not.
2006-11-01 10:10:00 · answer #7 · answered by Anonymous · 0⤊ 0⤋
I think the price is a bit steep ,so no.
2006-11-01 10:11:21 · answer #8 · answered by Pat R 6 · 0⤊ 0⤋