SOURCE: CARPROOF

CARPROOF

July 28, 2016 09:30 ET

CARPROOF and LeaseBusters Join Forces to Make Lease Take-Overs More Transparent

LONDON, ON--(Marketwired - July 28, 2016) - CARPROOF and LeaseBusters are excited to announce a new, joint effort to bring more transparency to the lease take-over process.

Both companies facilitate communication between used car buyers and sellers. LeaseBusters and its FinanceBusters division connect consumers looking for an early exit to their current lease or financing contract, with those looking for short-term agreements at discounted rates. CARPROOF provides products and services to help used car dealers and shoppers conduct transparent, mutually-beneficial transactions.

CARPROOF's Vehicle History Reports (VHRs) provide best-in-class information about the history and condition of a used car, and are available to both new and existing LeaseBusters and FinanceBusters clients. New clients will have access to the reports as they enter the listing process, and existing clients can add a VHR to their current listings.

"Honesty and integrity are two of our guiding principles," says Jim Matthews, President & General Manager of LeaseBusters and FinanceBusters. "Integrating CARPROOF into our listing process provides our customers with everything they need to know about the vehicle they are looking at, before they sign on the bottom line. It was a natural progression."

The addition of CARPROOF VHRs to the LeaseBusters and FinanceBusters process ensures that consumers will have access to the complete history of the vehicle they are considering.

"We are happy to expand our relationship with LeaseBusters," says Mark Rousseau, President at CARPROOF. "CARPROOF was built to make used car transactions more transparent, so the opportunity to lend this benefit to the leasing industry is exciting. It means that not only are we helping used car buyers, but now we can also help lessees be confident that the vehicle is a good value, with no surprises at lease return. Everybody wins."

CARPROOF VHRs are now available on LeaseBusters and FinanceBusters listings.

About LeaseBusters / FinanceBusters

Founded in 1990, LeaseBusters Inc. are the true originators and pioneers of the vehicle lease take-over business model. Owned by LeaseBusters, FinanceBusters provides an innovative vehicle remarketing service to best serve the Canadian consumer who finances their vehicle(s). Together, the two companies add tremendous value to the lease take-over sphere by connecting those looking for an early exit from an agreement, with those looking for short-term, discounted leases and financing.

About CARPROOF

CARPROOF, a unit of IHS Inc. (NYSE: IHS), is a world-class data company that creates insight through information for the automotive industry. Offering solutions in vehicle history, appraisal, valuation and more, the CARPROOF name is synonymous with trusted, impartial and comprehensive used vehicle data. CARPROOF's products are used by dealerships, vehicle manufacturers, consumers, major auctions, governments, insurance providers and police agencies across Canada, to help users buy, sell and appraise vehicles with full transparency. Based in London, Ontario and founded in 2000, CARPROOF has been named one of Canada's 50 Best Managed Companies, and was also honoured with Deloitte's 2013 Technology Fast 50™ and Fast 500™ awards. For more information about CARPROOF, visit www.carproof.com.

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Contact Information

  • For further information:
    Joe Varkey
    Vice-President, Marketing
    CARPROOF®
    1.866.835.8612 ext. 4142
    joe@carproof.com