November 17, 2015 10:14 ET

KosLo Launches Online Vehicle Broker Service

Online Marketplace Brings Sales Prospects Directly to Dealers, Who Pay Only for Leads Accepted by Consumers

LOS ANGELES, CA--(Marketwired - Nov 17, 2015) - KosLo today introduced its online vehicle broker service, providing a new way for dealers to reach buyers on a national level, while saving both dealers and customers time and money.

KosLo helps dealers market their inventory nationally, delivering high quality leads from active car buyers. Unlike other online broker services, there is no sign-up fee; dealers pay only when the buyer chooses that dealer's vehicle -- and KosLo provides pre-negotiated shipping services.

Here is how KosLo works:

  • Dealers sign up for the KosLo service by submitting their brands and location at
  • There is no sign-up fee, and no requirements to display inventory on the KosLo site
  • Prospective buyers enter the make and model of the vehicle they are looking to purchase
  • KosLo reaches out to all registered vendors with the buyer information, providing all of the specifics and desired price of the vehicle
  • Dealers can simply decline the deal if there are no matches or respond with a price
  • The KosLo system takes all bids and negotiates freight (if needed) for each offer
  • Customers are presented with five choices based on their search criteria
  • Dealers only pay a fee if the customer selects their vehicle
  • The dealer will receive a confirmation code indicating the buyer's acceptance of their deal, and works directly with the buyer to finalize the sale
  • KosLo negotiates all shipping, freeing dealers to focus on closing the sale

"Our goal is to create a simpler way of bringing buyers and vendors together across the U.S., as well as simplify the shipping process once the deal is closed," said Devin Koskan, founder and CEO of KosLo. "Our system was designed to help dealers reduce the need for large marketing campaigns and match customers from all over the U.S. with dealer inventory. The best part about our service is that, unlike other sites, dealers do not pay for anything unless the consumer accepts their offer."

"KosLo is the first truly fresh idea for the auto industry in a long time," said Tom Borchard of South Dakota's largest dealership, Vern Eide Motorcars.

For more information and to register for KosLo, dealers can visit or

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