A Dubai-based online platform has introduced a new concept that acts like a pawn shop for cars if vehicle owners need to get their hands on quick cash.
With SellAnyCar.com, clients can now sell their car for cash and buy back the same car in a few months’ time.
The website, which is the Middle East’s largest car buying service, has announced the “Buy Back Offer” which allows customers to sell their car and then buy it back within 30, 60 or 90 days at a pre-agreed value.
Sellers of qualified cars will also receive a free rental car, the website said in a statement, adding that SellAnyCar.com will store the car in an air-conditioned facility and maintain it regularly.
The statement added: “In the current market environment where many residents are facing difficulties to raise short-term funds, due to extensive documentation requirements and restrictions of banks, their cars could be an asset to get their hands on some cash with SellAnyCar.com’s new buy-back option.
“Unlike banks, it can ensure fair pricing and run on slim margins, due to high volumes.”
Saygin Yalcin, founder and CEO of SellAnyCar.com, said: “Selling a car used to be a lengthy and risky process. Consumers were not sure about their car’s real values, needed to arrange too many appointments with time-wasters or might have ended up getting ripped off. SellAnyCar.com makes selling any car easy, fair and quick. You can literally find out your car’s value within 15 seconds, sell your car and get paid during your lunch break.”
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