Perfect Price Auto

Car Buying Website

Company Information

Website:

https://www.perfectpriceauto.com/

Sector:

Auto

Location:

Lancaster, CA

Perfect Price Auto is a website designed to simplify the car buying process.

Right now, trying to find the right car can be time-consuming and frustrating.

Buyers spend too much time contacting multiple dealers in search of the best price. And dealers don’t know what other offers they’re competing against.

But Perfect Price Auto brings potential buyers and sellers together on one online platform.

Here’s how it works:

A person looking to buy a car builds the model they want online, then submits it to multiple dealers who will present offers. Dealers, meanwhile, can see all offers made to the buyer, letting them issue incentives to help beat the competition.

Once the customer decides the offer they want, contact information between the customer and the dealer is exchanged.

The website is free for buyers, while dealers will pay an average monthly fee of $1,500 to $2,000 to be notified of potential customers.

Currently, Perfect Price Auto is developing its software. A beta launch (where the platform is functional but still going through changes) is scheduled for the end of 2017 and a full-scale launch is slated for early 2018.

The company is projecting to generate $2.8 million in revenue in 2018 and $22 million in 2019.

Co-Investors

Raising
$107K
Committed
$6,200 (6%)
Current Valuation
$4.1 million
Min. Investment
$160
Deal Type
Title III
(For all investors)
Offering Type
Equity
Finance History
Notable Investors
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