Carsplenty deploys innovative solution for Nigerians to acquire cars

The impact of COVID-19 in the operations of businesses has ushered in several dynamic ways of conducting business transactions, but more importantly, it boosted digitisation and the use of online platforms in the purchase of commodities.

60 per cent of companies have undergone transformation digitally, inventing new business models. This is because 39 per cent of executives believe their companies will get the most value from digital transformation initiatives in the next three to five years.

Inevitably, consumers’ expectations and demand for commodities on online platforms received a significant boost, cementing e-commerce as one industry that will continue to thrive in the following decades to come.

In relation to the automobile industry, the paradigm shifts from the conventional brick and mortar retail showrooms, to one largely hosted on online platforms was inevitable, yet novel to the industry. And this shift to e-commerce came with several benefits, driven by radical growth, increased competitive pressure and new regulatory standards.

With regards to the automobile industry in a region such as Africa –and in particular, Nigeria- it is not unknown that the informal nature of the industry comes with its own hindrances, stemming from the ambiguous pricing mechanisms and lack of adequate infrastructures that assure quality and durability. This has resulted in a lack of trust on all parties involved.

Several buyers are very cautious of buying both new and used cars, as data surrounding vehicle ownership, dutiable value paid, and even verification of documentation involved are patchy. Therefore, extra caution is applied so as to not get ripped off on such a significant investment as getting a car.

Spurred by the need to increase consumer satisfaction and adapt to the ever evolving technologies that are slowly shaping the world we live in, Carsplenty was birthed.

Carsplenty is one of Nigeria’s foremost online automotive retail platforms, engineered to provide innovative solutions to the sale and purchase of new and used cars. A novel platform that enables you to bid for cars that are for sale, Carsplenty is strategically positioned to ensure seamless transactions by providing trending deals and allowing consumers to trade deals within the platform.

A typical consumer begins his journey on the platform by registering his/her details, as well as uploading the specifications of the car. On the side of the buyer, Carsplenty ensures a wider array of cars to bid for, provided that the buyer/bidder subscribes to the platform with N50,000.

Carsplenty eliminates several overhead costs that the traditional dealerships possess, thus allowing a more competitive pricing system, which is good news for every bidder/buyer on the platform. This is also complimented by the fact that there is a streamlined buying process on the platform. Therefore, instead of involving oneself in the hectic procedures of test driving, negotiations and finalising purchase, Carsplenty provides a fast, seamless and secure transaction.

Finally, Carsplenty eliminates the contact with salesmen and high-pressure tactics. Reports have stated that, a general dissatisfaction has been perceived, with regards the current model of completing purchases at a dealership. Thus, the firm allows you to make decisions at your own pace, from your comfort zone.

Carsplenty offers a ton of other benefits to buyers on the platform. For instance, it has introduced a unique auto-financing system tagged ‘Buy Now and Pay Later’ scheme. In light of the recent economic challenges plaguing the country, the BNPL scheme is a convenient way of getting an automobile in Nigeria.

Designed to provide comfort, the BNPL schemes helps the consumers to avoid saving in bulk, by matching their customer’s convenient repayment plans to the customer’s monthly incomes. However, the buyer must make a mandatory down payment of 30 per cent must be made, while the platform helps you to spread the balance over a payment period of one to two years. Other prerequisites include:
The buyer must possess a checking account with a verified Nigerian bank; an office address; and national identification.
According to the management, auctioning for your dream car is as simple as logging on to Carsplenty.com and filling in the necessary details.

“Your details can be uploaded either on the Google Play Store or Apple Store. Carsplenty continues to change the landscape of the Nigerian automobile industry through it’s innovative and solution-oriented plans.”