Buying a car can be a daunting process, especially if you’re purchasing from a private party through a platform like Facebook Marketplace. eBay is trying to make that process easier and more convenient with the advent of “ Secure Purchase ,” the online marketplace’s new car buying process.
How does it work?
According to the press release, Secure Purchase takes care of payment, financing, registration, ownership transfer, and transport, while also keeping the funds digital and traceable. eBay breaks it down into four steps:
Start the checkout: Both the buyer and seller verify their identity and provide basic information about the vehicle being purchased.
Opt into services: The buyer can select their financing, transportation, protection, and insurance preferences in a few clicks.