Thanks
@Alexander Lau. I'll post here! This is what was presented to me yesterday. Fair is a licensed Dealer now in the State of TN. They are needing to purchase pre-owned cars from dealers. They are requesting my inventory feed. Once they have the feed, They will identify vehicles they are interested in purchasing from the dealership that meet their requirements. Once those vehicles have been identified by the dealership and Fair (those details are still a little fuzzy) for a fair price, that vehicle will show in the Fair app. The customer only see's a payment. Never the price of the cars. If the customer wants one of my vehicles that shows in the app and it gets selected via the customer, a notification is sent to the dealership. The customer works with Fair concierge person at their HQ to set up an appt for delivery. Fair buys / purchases the car from the dealership (Cash deal. No backend) for the price that was set in the Fair backend dashboard. The price isn't full retail and it's not wholesale. It's somewhere in the middle. The vehicle is on a first come, first serve basis. Meaning, if you have an appt on that car from other advertising at 10am and a Fair appt at 2pm and the 10am appt buys it. The Fair customer is out. The concierge explains this to the Fair customer (Thats what I'm told)! If after 2 or 3 months and the Fair customer is done with the vehicle, they can return the vehicle to our facility. We are given the opportunity to purchase the vehicle from Fair. If we don't want the vehicle, the come and pick up the vehicle and take it to the auction within 5 days of it being returned. Since we (the dealership) are selling the vehicle to another dealer (Fair), all of the paperwork and funding is minimized. From what I'm told, the main thing that is asked of the dealership is an excellent delivery process.
Thoughts????
Is there there anyone on here using the program? Is there any downside / issues you've experienced??
