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    Date submitted
  • 27-Jun-2018

Prestio

Abstract

Prestio: The one-stop platform allowing consumers to Shop, Finance, Trade, and Drive their new or used vehicle, all online.

We allow car buyers to buy from a dealer without being trapped in the dealership, and we make the best dealers better.

Video

Original YouTube URL: Open

Introduction Video

Photos

Additional Questions

Who is your customer?

Progressive car dealers are our paying customers. For car buyers (users), Prestio is an online retailer: selling new & used vehicles, offering finance, insurance, warranties, sale of trade-ins, and delivery

What problem does this idea/product solve or what market need does it serve?

Modern consumers are time-poor and they are rapidly becoming comfortable purchasing high value goods online, if the process is transparent. Car dealers need technology solutions and cutting-edge marketing to compete with online auto startups. F&I providers need to market to consumers at the point of purchase.

What attributes will make this idea/product successful? Why do you believe that those features will create success?

For car buyers, Prestio.com lists thousands of new & used cars (4000 live currently), will offer instant decisioning finance and insurance options, and facilitate trade-ins, all online. For Partner Dealer customers, we are an advanced selling platform, using AI powered marketing to find online buyers bypassing their store.

Explain how you (your team) will execute to make this idea/product successful? What gives you (your team) an advantage over others already in the market or new to this market?

Rather than disrupt the successful and massive dealership industry, as new form retail does, we collaborate with other dealers. Our competitive advantage lies in our Partner Dealer network and years of advanced digital marketing and sales. It enables us to do everything the new form retailers do but with added benefits of new car sales and thousands of local inventory. As a dealer, we understand all 5 dealership profit centers. Our customers love our plans for a fintech lender and service lane tech.