Blinker, the only peer-to-peer e-commerce platform that provides an end-to-end solution for buying, selling or financing cars, has announced two new components its business.
Headquartered in Denver, Colo., Blinker is expanding its proprietary e-commerce and loan origination platform from Texas and Colorado to California and Florida. The company’s growth will allow millions of customers to buy, sell and finance vehicles easier, quicker and safer.
Thirty percent of vehicle sales in the United States every year are between individuals. Leveraging artificial intelligence and machine learning, Blinker allows customers get guidance and tools to complete the entire purchase process themselves. The simple process allows instant vehicle valuation to real-time auto loan approval to e-signing documents to secure funds transfer. It’s all for free Blinker’s mobile app.
The company will now give customers the option to add Ally’s vehicle protection coverage, including Ally Guaranteed Asset Protection (GAP) and Ally Premier Protection vehicle service contracts, for their vehicle purchases in the app. GAP covers the difference between the cash value of a vehicle and what customers still owe on their loan if the vehicle is totaled or stolen.
Ally vehicle service contracts cover the repair cost for over 7,400 mechanical, electrical, safety or digital components, as well as some related expenses like trip interruption, rental car coverage, towing and 24/7 roadside assistance.
In its commitment to empowering customers, Blinker has helped sellers earn an average of $2,900 over trade-in. It’s also saved buyers an average of $2,000 below dealer retail value and saved customers who refinance an average of $130 per month on their car loans.
Since launching in 2016, Blinker has secured 13 patents, increased its Net Promoter Score (NPS) to the mid-90s. It has generated more than $44 million in vehicle sales. Blinker will continue to roll out new features in 2018, including a collision insurance solution and a digital retailing platform for dealers and off- lease companies.
Blinker’s AI-powered vehicle recognition technology makes everything from getting pre-qualified for financing to selling a car with a lien as easy as snapping a photo. The company verifies the identity of every buyer, seller and vehicle, and offers free CARFAX® reports. Plus, Blinker securely transfers funds and even assists with DMV paperwork.
For more information, visit www.blinker.com or download the free app from the App Store or Google Play Store.