If you have a car to sell, you generally have 3 options:
1) Craigslist. You can get a good price, but buyers are flaky and the process takes forever. If you can sell it at all.
2) Dealer trade-in. Easy but the price is terrible.
3) Sell to a used car lot. See # 2
Now, there’s a much better option: sell your car with Gauge. Gauge is a Salt Lake City-based startup that gets you the highest price for your car, easily. When you list your car with Gauge, you get competing bids from multiple dealers. You pick the offer you’re happiest with, and that’s it!
Selling with Gauge avoids the hassles of shady Craigslist buyers, and the competitive process gets you a better price than taking the car to a dealer.
But what about Carvana?
What about them? Carvana buys your car itself, which means their incentive is to give you the lowest price possible. While Gauge does buy your car directly from you, it does so on behalf of dealers and buyers who want to bid on it. Gauge only makes money if you decide to sell your car on their platform. If you’re not happy with the bids you get, you’re free to sell your car elsewhere. So Gauge has every incentive to get you the best price possible.
This model is working so well they’ve earned a stellar 4.7 star average on Google. Sellers love the great customer service with no fees. Dealers love Gauge too, because they can get better quality cars than at most auctions. And not having to show up at an auction in person is a huge time savings, not to mention being safer.
Gauge is growing very fast, and I’m super excited to be an investor! They only list cars in the Salt Lake City area at the moment, but they’re expanding rapidly, with several new markets already in the works.
If you’re in the area with a car to sell, I don’t think you can do better!
More on tech:
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INSIDE A STARTUP ACCELERATOR DEMO DAY
Photo: “Corvette Stingray” by pyntofmyld is licensed under CC BY 2.0
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