CA Consumer Finance France: financing second-hand car purchases on Reezocar website
Conscious of how consumer needs are changing, CA Consumer Finance has partnered with Reezocar, a firm which specialises in purchasing used vehicles online.
The challenge
The European automotive market is undergoing drastic change. Sales of new cars are falling, with consumers opting for second-hand instead, and online shopping is gaining ground. To reflect these new habits, CA Consumer Finance has joined forces with Reezocar, a firm which specialises in purchasing used vehicles online.
Our solution
Reezocar is one of the two winners of the Startup Innovation 2016 competition run by Sofinco, a French CA Consumer Finance trademark. The French start-up launched in October 2014, and allows users to search for and securely purchase second-hand cars within Europe.
CA Consumer Finance offers two car financing plans for individual customers on the Reezocar website:
- A conventional loan via the Sofinco trademark for sales carried out between private individuals.
- A lease option (or LOP, Lease with the Option to Purchase) with repurchase agreement under the Viaxel trademark, which carries out CA Consumer Finance’s vehicle financing operations in France.
The Reezocar website receives almost one million visitors every month |