Ally Financial has signed up as a preferred lender for Beepi, a Silicon Valley-based, online marketplace for private individuals to buy and sell used cars, Ally announced today.
Beepi, based in Los Altos, Calif., launched in 2014. It is now operating in 15 major metropolitan areas around the country, the company said.
Sellers have a Beepi inspector come to their driveway, give the car a 240-point inspection and a road test, set a price, and even drive the car to the buyer once it’s sold. Buyers get a car, delivered, which has been inspected, and which also comes with a 10-day, money-back guarantee, plus a 3,000-mile, three-month warranty on parts and service, according to Beepi.
With the new relationship, buyers in all risk tiers will be presented a finance option from Ally, according to Ally Financial. The Ally relationship is not exclusive, Ally spokeswoman Gina Proia told Auto Finance News.
Other Beepi lender partners include up2drive, a division of BMW Bank of North America, and JPMorgan Chase, according to the Beepi website.
