Automall Network Launches the Coolest and Most Rewarding Way to Trade in Your Car

Automall Network Launches The Coolest And Most Rewarding Way To Trade In Your Car

Automall Network Offers Profit Sharing With Clients After Auctioning Off Their Trade-Ins

Published on Yahoo Finance, February 3, 2015

Feb 3 � Toronto, ON - Automall Network is pleased to announce the launch of its Online "Flash" Auctions, a service whereby Automall Network will auction client trade-ins to the highest bidder and split the profits with their clients.

Normally, when trading a vehicle in, a dealer buys the trade at a wholesale price which is credited against the price of the new car. Sales tax is calculated on the difference resulting in a net tax savings to the client. The trade then belongs to the dealer who often sells it at a retail price for a profit.

Automall Network's Online Flash Auction service will:

Buy the client's vehicle at a competitive trade-in price
Provide similar tax benefits and the convenience of trading a vehicle in
50% profit sharing when the vehicle is sold.

Automall Network is a licensed dealer however it doesn't operate like a dealer. It is a service for buyers to source new and used vehicles and negotiate the price on their clients' behalf. When sourcing used vehicles, Automall Network also arranges a thorough inspection by independent licensed mechanics and reviews the history to ensure clients are getting a reliable vehicle with no red flags.

"Many of our buyer clients have vehicles that are in great condition but are being used as trade-ins" says Viraf Baliwalla, President of Automall Network. "We felt that by adding an online auction to our list of services, we could help existing buyer clients get more money for their vehicles".

There are also significant benefits to buyers of the trade-ins:

The same rigorous inspections and homework are done on each trade before being accepted for this service and the results are posted online
Even low priced, fixer-upper vehicles may be considered however will still be pre-inspected and have full disclosure
Starting bids are set at a very aggressive price, typically below fair market value. The highest bidder wins, even if there is only one bid at the minimum price
With every certified vehicle sold, a 3 month/3,000 km extended warranty or a 1 year/$3,500 diminished value protection plan is included at no charge.

During this initial rollout, only vehicles within a reasonable delivery distance to Automall Network's location in Toronto will be accepted.

There is an initial one-time flat service fee of $349 to the seller. Automall Network covers all expenses including inspections, etesting, vehicle history reports, marketing, cleanup, repairs and sales as required.

The first car being put through its auction is a 2009 Subaru Forester 2.5X Touring with approximately 74,000 km and a starting bid of $9,990. Within a few hours of it being posted, the first bid arrived so for all intents and purposes, the vehicle will be sold. "It's now just a matter of seeing how high the bidding will go" says Baliwalla.

Automall Network is a leading Canadian vehicle buying consultancy. They conduct independent market price studies through mystery shopping and direct negotiations on behalf of their clients to determine what the best prices are for all makes and models of vehicles. They sell this market price data to car buyers to eliminate the need for comparison shopping and help them negotiate their best deal. They also provide a Full Concierge Service to negotiate for their clients and now, an Online Flash Auction for client trade-ins.