OLX has launched a new service that now allows car buyers and sellers to transact safely and conveniently.
The service dubbed “Sell It For Me” will, through verified as OLX champs, handle the entire selling process on behalf of a vehicle seller. An interested seller wishing to use this service will be required to pay a booking fee of Ksh2000 to have an OLX champ matched up with them.
The OLX champ then links up with the seller and agree on a selling price within which the champ will get his commission. The champ handles the entire selling process from posting the advert to sourcing for a buyer, negotiating and finally closing the deal.
Money is sent directly to OLX and once the buyer confirms receipt of the vehicle, OLX releases the money to a seller. The escrow service that allows direct deposits to OLX, now guarantees safety for the buyer.
Speaking during the launch on 25th April, OLX country manager Peter Ndiang’ui said the service will make it safer and more convenient for car traders on OLX and involvement in the payment process will increase buyers trust when making a car purchase.
“With over 100,000 cars traded annually in Kenya, at least 40% find their way on OLX. It is for this reason we are placing our focus on vehicles first, which is a very key category for our business,” he said.
Introduction of direct payments to OLX and OLX champs to handle selling transactions are a definite value addition to its service. Those wishing to continue with hands-off buying and selling will still do so.
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The service that has been rolled out in Nairobi only, has currently hired 20 verified and vetted OLX champs with vehicle experience and working directly with OLX to sell vehicles on the seller’s behalf with a verified badge on every car they post on OLX.
“We are working with car dealers who have vast selling experience and by working through OLX, they get a commission for every car deal they close on behalf of an interested seller. The verified OLX champs are also entitled to our paid adverts for more visibility as well as a verified distinctive badge that will enable them get buyers even faster. We are looking at scaling this to other major counties and are currently focusing on Nairobi only.” Added Mr Ndiang’ui.
The Sell It For Me service was first launched in OLX Nigeria where it recorded success and is now being rolled out in Kenya, to be later scaled to other sub sub-Saharan countries. Currently, OLX is in 45 countries globally.
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