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Zipflip Revolutionizing the Car-Buying Experience

04-09-2015
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The definition of a traditional car-buying experience is evolving along with technology.

It's not just dealerships looking to keep up; innovators are working to revolutionize the private sector's buying and selling experience as well.

Zipflip, a web-based peer-to-peer marketplace for buying and selling used cars, recently won the $20,000 grand prize at the thrid annual Hackomotive competition, sponsored by Edmunds.com.

Hackomotive is a three-day competition between innovators and entrepreneurs in the car shopping industry to re-imagine the future of car shopping.

"This year we hosted the most innovative teams that we've ever had in the three years of Hackomotive, so that only makes Zipflip's win all the more remarkable," Edmunds.com CEO Avi Steinlauf said.

"There are several start-up companies in today's marketplace who have tremendous ideas for improving the car-buying process, and these ideas offer a very optimistic future for both consumers and dealers," he explained.

Tennessee-based Zipflip, billed as the Airbnb of vehicles, adds a major element of trust to the process by providing identity verification and a payment system so that private car buyers and sellers can feel more confident about the sale.

Tim Kelly, CEO of Zipflip, talked more about the app with CBN Reporter Caitlin Burke.

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