How to Take Cars 24 Franchise? Requirements, Profit, Benefits

Cars24 is an Indian-based online marketplace for buying and selling used cars. Founded in 2015 by Vikram Chopra, Mehul Agrawal, Ruchit Agarwal, and Gajendra Jangid, Cars24 has rapidly grown to become one of the largest platforms for pre-owned cars in India. The company’s headquarters are located in Gurugram, Haryana. The primary objective of Cars24 is to simplify the process of selling and buying used cars, providing a hassle-free experience for both sellers and buyers.

Company Details:

Website :https://www.cars24.com/
Type :Privately Held
Industry :Motor Vehicle Manufacturing
Establishment :2015
Headquarters :Gurgaon, Haryana
Owner :Vikram Chopra, Mehul Agarwal, Gajendra Jangid and Ruchit Agarwal
Product :Sell cars, Best price, Free Inspection

Why choose Cars 24?

There are several reasons why individuals choose Cars24 when it comes to selling or buying used cars. Here are some key factors that contribute to the popularity and preference for Cars24:

Convenience: Cars24 offers a convenient and hassle-free selling process. Sellers can visit any Cars24 branch, get their car inspected, and receive an instant quote. This eliminates the need for multiple visits, negotiations, and the complexities often associated with selling a used car.
Transparent Pricing: Cars24 employs a scientific pricing algorithm that takes into account various factors to determine a fair and accurate price for the car. This transparent pricing approach ensures that sellers receive a competitive offer based on the market value and condition of their vehicle.
Quick Payments: Once the seller agrees to the price offered by Cars24, the company buys the car directly, ensuring fast and prompt payment. Sellers do not have to wait for potential buyers or worry about payment delays.
Wide Network: Cars24 has a nationwide presence with branches in numerous cities across India. This extensive network makes it accessible to a large number of sellers and buyers, expanding the options available for both parties.
Professional Inspections: Cars24 conducts thorough inspections of the vehicles they purchase. Trained professionals evaluate the car’s condition, both mechanically and cosmetically, providing sellers with an accurate assessment. This transparency instills confidence in both sellers and buyers.
Certified Used Cars: For buyers, Cars24 offers a wide inventory of certified used cars. These cars undergo a rigorous inspection process, ensuring their quality and reliability. The certification provides additional peace of mind for buyers.
Warranty and Financing: Cars24 offers warranties on the used cars they sell, providing buyers with added assurance. Additionally, they provide financing options, making it easier for buyers to purchase a used car through convenient payment plans.
Trustworthy Reputation: Cars24 has established itself as a trusted brand in the used car market in India. The company has built a strong reputation for its transparent processes, fair pricing, and reliable services, which has contributed to its popularity among sellers and buyers.

Benefits of choosing Cars 24 Franchise:

Choosing a Cars24 franchise can offer several benefits to entrepreneurs and business owners. Here are some key advantages of opting for a Cars24 franchise:

Established Brand: Cars24 is a well-known and trusted brand in the Indian used car market. By becoming a franchisee, you can leverage the reputation and recognition of Cars24, which can significantly boost the credibility of your business.
Proven Business Model: Cars24 has developed a successful and proven business model for buying and selling used cars. As a franchisee, you can benefit from their expertise and operational know-how, reducing the risks associated with starting a business from scratch.
Training and Support: Cars24 provides comprehensive training and ongoing support to its franchisees. They offer guidance on various aspects, including business operations, customer service, inventory management, marketing, and technology. This support can help you streamline your operations and maximize your chances of success.
Access to Technology: Cars24 has developed advanced technology platforms and tools to facilitate the buying and selling process. As a franchisee, you can leverage these technology solutions, including their online marketplace, CRM systems, and data analytics, to enhance your operational efficiency and customer experience.
National Network: Cars24 has a nationwide presence with branches in multiple cities across India. As a franchisee, you can benefit from being part of this extensive network, gaining access to a larger customer base and a wider inventory of used cars.
Marketing and Advertising: Cars24 invests in marketing and advertising activities to promote its brand and services. As a franchisee, you can benefit from their marketing initiatives, including national and local campaigns, to increase brand awareness and attract customers to your franchise location.
Streamlined Processes: Cars24 has developed streamlined processes and systems for buying and selling used cars. These processes are designed to provide a seamless and hassle-free experience for customers. As a franchisee, you can adopt these processes, ensuring a consistent and efficient service delivery.
Revenue Streams: Cars24 offers multiple revenue streams for franchisees. In addition to buying and selling used cars, franchisees can generate income through ancillary services such as financing, extended warranties, and value-added products. These additional revenue streams can contribute to the profitability of your franchise.
Growth Potential: The used car market in India is vast and continues to grow. By joining the Cars24 franchise, you can tap into this market opportunity and benefit from the potential for business expansion and growth.

Eligibility Criteria for Cars 24 Franchise:

The candidate must be at least 21 years old.
The candidate should have previous experience in the automobile sector.
The candidate must have at least Graduation or its equivalent degree.

How does car 24 work?

Cars24 operates as an online marketplace for buying and selling used cars.

Selling Process:

Appointment
Inspection
Instant Quote
Documentation
Payment

Buying Process:

Inventory Search
Vehicle Selection
Inspection Report
Financing and Warranty
Documentation
Delivery

Additional Services

Financing
Warranty
Ancillary Services

Requirements for Cars 24 franchise:

Requirements

Invest :30 lakhs-50 lakhs.
space :500-800 sq. ft.

Margin

franchisee earns 90% commission on total sales
and franchisor earns 10%.

Documents Required:

Franchise Agreement
Proprietors photo
Business TAN copy
Proprietors/Business Address proof
NOC of the Shop
Proprietors Aadhaar copy
Proprietors/Business PAN card copy
GST registration copy

How to apply for the Cars 24 Franchise?

To apply for a Cars24 franchise, you can follow these general steps:

Contact Cars24: Reach out to Cars24 through their official website or contact their franchise department directly.
Application Form: Cars24 may provide you with an application form to fill out. Complete the form accurately and provide all the required details, including your personal information, business background, financial information, and proposed location for the franchise.
Financial Requirements: Be prepared to provide details of your financial capability to meet the initial investment requirements of the franchise.
Franchise Disclosure Document (FDD): If your application is considered, Cars24 may provide you with a Franchise Disclosure Document (FDD). This document contains detailed information about the franchise opportunity, including the franchise fees, ongoing costs, support provided, and contractual terms.
Meeting with Cars24 Representatives: Cars24 may schedule a meeting or interview with their franchise representatives. This meeting is an opportunity for both parties to discuss the franchise opportunity, clarify any questions or concerns, and assess mutual compatibility.
Training and Franchise Agreement: Once the site is finalized, Cars24 will provide you with comprehensive training on their business model, operations, and systems.
Investment and Launch: You will be required to make the necessary investment as per the franchise agreement. Cars24 will support you in setting up the franchise, including branding, marketing, and operational setup.

Cars 24 Franchise Contact Details:

Corporate Office Address: Cariot Auto Private Limited, Plot No. 18 Sector 44, Gurgaon- 122001, Haryana, India

Contact No.: 1800 258 5656

Website: www.cars24.com/franchise/

Email ID- care@cars24.com

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Disclaimer: The information provided is for general purposes only and does not constitute professional advice. The author and publisher do not guarantee the accuracy or completeness of the content. Business decisions should be made after thorough research and consultation with professionals. The mention of specific companies or products does not imply endorsement. Financial estimates are based on available data and may change. The author and publisher are not liable for any actions taken based on the content. Readers are advised to independently verify information before making business or financial decisions.

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