Sell your car the old fashion way with direct owner financing. No need to wait until the buyer gets approved by the bank. The seller provides the approval.
The trade-in value of a 2017 Nissan Altima is $5,000, the typical private party sale is $6,000 - $8,000 and the financed sale price is $10,000. Below is the monthly income comparison if $5,000 was invested into high-yield CD's or US Bonds versus using OwnerFi.
The OwnerFi allows the sellers of cars, trucks, boats, motorcycles, recreational vehicles, and planes to create profiles for each vehicle. Each profile includes the vehicle description, options, and history. A vehicle history report, VIN check and KBB value are also included in the profile.
After setting up an account, vehicle sellers can create use the OwnerFi AI to draft a compelling advertisement that attract potential buyers to inquire about the vehicle for sale. The OwnerFi platform allows sellers to monitor multiple vehicles that are being advertised for sale.
Sellers that have listed their vehicles on websites such as Autotrader, CarGurus, Edmonds, Craigslist, and Facebook Marketplace can manage inbound inquires received from potential buyers and respond to any question they may have regarding the vehicle and finance terms offered.
The OwnerFi platform offers vehicle sellers a calendar that can be programmed to show potential buyers the dates and times the owner is available for test drives. Buyers select an available date and time to meet the vehicle owner to test drive and inspect the sellers vehicle.
After a potential buyer tests drives the vehicle and makes an offer that the seller accepts, the OwnerFi platform pulls the buyers credit report for the seller. If the seller accepts the buyers offer and agrees to carry the note, the OwnerFi platform provides loan document for each party to sign.
The loan terms are determined by the seller and accepted by the buyer. The OwnerFi platform notifies the buyer each month of an upcoming payment. The seller can monitor income and expenses to determine the profitability of every vehicle offered and sold.
Your vehicle will sell faster and for more money if you offer financing to the buyer.
We verify the identity of the buyer, perform a soft credit, and valid drivers license.
The vehicle sale, registration, insurance, and loan servicing is done online using our app.
OwnerFi sends monthly reminders to buyers so owners never miss a scheduled payment.
