SOURCE: Carlypso

Carlypso

February 11, 2015 11:30 ET

Carlypso Launches Online Personal Car Shopper Service to Pass Savings Directly to Consumer

Carlypso Deals Cuts the Middleman; Provides Complete Transparency and Finds Best Deals on Inventory Before It Goes to the Dealer

SAN CARLOS, CA--(Marketwired - Feb 11, 2015) - Carlypso, the first technology company to help owners sell used cars completely hassle-free for more money than a trade in, launched Carlypso Deals today, a brand new online personal car shopping service that cuts out the middleman and passes savings directly onto the consumer.

How it Works:

Carlypso buys cars from a trade in or a lease from the trade network it participates in, getting a "first peek" at these cars so it can purchase them for a buyer before the vehicle ever heads to a dealer lot. Consumers go to www.carlypso.com and enter in what they are looking for in terms of model, make and year. They immediately see the inventory of used cars that Carlypso can buy for them, and put in a request for information on available vehicles right at the site.

Within a week, Carlypso can deliver the vehicle directly to the consumer, with the service initially available to residents in California.

Traditionally, consumers have gone to dealers to find used cars, and dealers will often mark up these cars $1500-$2500 while waiting for a buyer. Carlypso analyzes thousands of used car transactions on a weekly basis and suggests weekly deals for which the discounts to the dealer prices are highest. By getting early access to the vehicles and not incurring escalated holding costs, Carlypso does not need to mark up prices and can pass the savings on directly to the consumer. Carlypso is the first online car service that is 100% transparent about every step of the process. The consumer knows exactly the condition of each car, exactly what Carlypso paid to acquire the car, and exactly how much money the company is making on each car deal (which is fixed at $500 for cars less than $20,000).

Most other auto consumer shopping sites like Autotrader.com, cargurus.com, and Cars.com are just listing active inventory from other dealers. Unlike those sites, Carlypso is buying cars before they become dealer inventory meaning Carlypso can pass on substantial savings on many cars right to the shopper.

"I set out on a search for a used Infiniti G37 and came upon Carlypso's personal car shopping service. I searched eBay, Craigslist and visited multiple dealers to shop around for the best deal on a used Infiniti. Because Carlypso purchases the used cars from the same places the dealer gets their lease returns from, I was able to get a great deal on the Infiniti because I didn't have to pay an additional dealer mark up. Also, prior to committing to a given car Carlypso provided me with copies of the Car Fax and inspection reports, which allowed me to trust the process. I found it very refreshing to work with Carlypso instead of a dealer and they found us exactly what we were looking for," said Bruce Gallay, Carlypso Deals customer based in California.

"We are excited to roll out Carlypso Deal to car shoppers," said Nicholas Hinrichsen, Co-Founder of Carlypso. "Our whole mission at Carlypso is to make buying a car simple and affordable and be completely transparent about pricing. This new service disrupts the traditional process of going to a dealer and spending more than necessary on a used car, and we're getting terrific feedback from our first set of customers on how simple this whole process was for them and how much they appreciate the extra savings."

About Carlypso
Carlypso is the first technology company to sell used cars hassle-free. Carlypso generates a fair market price for vehicles based on millions of vehicle transactions each month, and coordinates all of the logistics for the seller, including finding the buyers, to get sellers the best price possible on their vehicle. The company has developed a secure proprietary device installed on cars to track vehicles, allowing buyers to do test drives on their own. Carlypso, based in San Carlos, CA, has sold hundreds of cars to date for consumers throughout California and is expanding nationwide. For more information visit www.carlypso.com.

Contact Information

  • Media Contact:
    Gina Rezendes
    Big Swing Communications
    Email Contact
    617-640-9278