We are committed to bring much needed transparency into the used vehicle transactions through our vehicle inspection services. This space is largely unorganized – currently about 92% of used vehicle transactions happen in customer-to-customer (C2C) domain – and all except a few transactions suffer from a basic drawback known as “information asymmetry”. Very simply, information asymmetry is about one party having more information about the condition of a product – in this case the seller knows everything about the condition of vehicle whereas the buyer knows hardly beyond what meets the eye. Obviously in most cases the two parties are completely unknown to each other.
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