A new automotive site that made its national U.S. launch on Tuesday says it offers fleet-like pricing by grouping buyers and lessees around the United States by the brand of car they want and placing them in a national “bucket.”
Through the site, CarBuckets.com, car dealerships nationwide compete for the business of that group, and the dealer with the lowest price wins.
Then, CarBuckets connects each buyer with the winning dealership. Shoppers, all from the comfort of their home, receive a quote online, review the paperwork, and sign the contract.
The company’s national expansion comes as the company fundraises $10 million, which it says widens buyers’ reach. It is also adding a new free home delivery feature that it says brings added shopper convenience.
CarBuckets says that its users are saving an average of 40% more than if they were using another car-buying site or shopping on their own.
The company says that because more sales are at stake, its practice of grouping car buyers together makes dealers willing to further lower their prices for each individual car in the group than if each car buyer approached the dealership on their own.
“After numerous requests from shoppers outside of the current markets we serve, we're excited to enhance the car shopping experience across the U.S. with the national launch of CarBuckets,” the company’s founder and chief executive officer Alexandra Esteve said in a news release.
“By increasing dealer competition to a national scale, CarBuckets users can get the best deal available in the entire country without ever having to step foot in a dealership or get bombarded with phone calls, texts and emails from countless dealers," Esteve continued.