Buying and selling a vehicle on the private-party market can be stressful and inconvenient. Traditional payment methods introduce a lot of friction, especially with high-dollar deals.
Whether you’re selling an RV or buying an SUV, DealNow makes high-dollar vehicle transactions easy.
Before we get into how awesome DealNow is, let’s compare the pros and cons of other payment methods.
| Payment Method | Pros | Cons |
|---|---|---|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency |
|
|
|
DealNow |
|
|
DealNow gives you all the combined benefits of every payment method without any of the drawbacks. But DealNow’s advantages go beyond convenient payments.
To understand DealNow’s true value, we need to examine a fundamental issue in private-party transactions: the catch-22 trust problem.
In any high-value transaction between strangers, a catch-22 occurs. The buyer wants some assurance that they’ll get the vehicle before handing over the money, and the seller wants the money before they release the vehicle. Both parties want the transaction to happen, but neither wants to be taken advantage of by an unscrupulous counterparty.
Traditionally, buyers and sellers would resort to escrow services or a bill of sale. Escrow is expensive and time-consuming, which is why most people opt for bills of sale. There are two edge-case vulnerabilities with paper bills of sale:
DealNow elegantly solves the trust issue and protects both parties from bad actors through:
DealNow isn’t just about payments—it’s a complete ecosystem designed to make private-party vehicle transactions smooth, secure, and convenient. Here’s a look at some of the powerful features that set DealNow apart:
From first contact to final paperwork, DealNow provides all the tools you need for a successful vehicle transaction. It’s more than a payment app—it’s your personal dealmaking tool.
DealNow handles vehicles of all types, including the following:
Whether you’re a buyer or a seller, create your own private dealroom, invite your counterparty via a custom link, and get the deal done with unmatched convenience, speed, and security.
Private vehicle sales can be risky. Here’s how to protect yourself:
Personal checks are the least secure payment method, especially in high-value transactions such as car sales. Here’s why:
Choose DealNow for security and convenience.
PayPal caps out at $60,000 per transaction. If your chosen car is less than that, you’re fine—if you don’t mind the fees.
PayPal charges a 2.9% + $0.30 fee for goods and services. For a $60k vehicle, that’s almost $1,800. That’s coming out of someone’s pocket, and most sellers won’t want to take the entire hit. If you’re insisting on using PayPal, expect the seller to negotiate up the price an equivalent amount to hold you responsible for the fees.
Use DealNow to verify the seller’s identity, check the vehicle’s title, complete a digital bill of sale, and transfer funds securely. These features protect you throughout the online buying process.
Sellers of high-value vehicles use escrow services for added security, but they’re not necessary. DealNow offers escrow-like safeguards without the expense and hassle of an escrow service:
Use DealNow’s self-serve safeguards to save time and money.
Bank transfers have limited protection for buyers. Once the money is sent, it’s gone, and you have little to no recourse if something goes wrong with the transaction.
DealNow offers a safer alternative:
With DealNow, you control your vehicle purchase.
DealNow is the easiest way to close your own vehicle deal, anytime. It’s the safe and simple way to avoid fraud, sign documents, and instantly transact, all in one app.
