DealNow announced the launch of its secure and seamless online transactions service for any vehicle, including cars, RVs, boats and other recreational vehicles. The platform addresses the growing concerns surrounding person-to-person vehicle sales by providing escrow-like safeguards without the need for intermediaries, the company states.
“Buying or selling a vehicle privately often comes with considerable risks and frustrations. Recent statistics show a staggering 98% growth in synthetic identity fraud attempts during vehicle transactions, signaling a significant increase in fraud tactics,” DealNow stated in a press release.
DealNow aims to offer a comprehensive solution that prioritizes safety, efficiency and transparency. What’s more, traditional escrow services, while helpful, rely on human intervention to manage key transaction components such as funds and title transfers, introducing potential delays and increased costs.
“DealNow is for anyone looking to buy or sell a vehicle directly, without the risks or delays of traditional person-to-person transactions,” said Brad Parker, co-founder and CEO. “We’ve eliminated the need for middlemen by creating a fully tech-driven platform that ensures a secure, fast, and fraud-free experience. From identity verification and document signing to title checks and payment processing, everything happens in real-time. This gives consumers the confidence and convenience they’ve been missing in the process.”
DealNow offers key features including:
- Fraud Prevention: DealNow cross-references multiple sources to help prevent fraudulent activity, giving buyers and sellers complete peace of mind.
- Instant Transactions: Once funds are placed in buyers DealNow account, transactions can be completed in less than 60 seconds.
- Seamless Documentation: DealNow generates state-specific, vehicle-specific bills of sale that can be electronically signed by both parties. All documents are downloadable for future reference.
DealNow users can choose from various optional services for an added layer of convenience and security:
- Shipping
- Vehicle Inspection
- DMV Title Checks
- Title Transfer / Registration (coming soon)
- Insurance
- Vehicle Protection
- Financing Options
