Members Car Club

Members Car Club

Early Stage

Reverse Auction Car Buying Service

Reverse Auction Car Buying Service

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

StartEngine

Start Date

07/01/2018

Close Date

09/28/2018

Min. Goal
$10,000
Max. Goal
$107,000
Min. Investment

$300

Security Type

Convertible Note

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$20,000,000

Discount

0%

Year Founded

2018

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Location

Palm Beach, Florida

Members Car Club is a reverse auction car buying service -- where members are the ones who truly win. Their platform offers a new car marketplace, where new car dealers compete anonymously to be the lowest-cost provider for consumers. Since shopping on Members Car Club guarantees the lowest price, it streamlines the shopping experience and “...eliminates the necessity of comparison shopping and negotiating.” They’ve begun reaching out to prospective marketing alliance partners including credit union, auto insurance companies, and large professional associations. They also currently hold an option to license two patents. In their words: “...we will give local dealers the opportunity to be the low-cost provider on each of their make and model Cars. And it’s winner take all!”
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Members Car Club on StartEngine
Platform: StartEngine
Security Type: Convertible Note
Valuation: $20,000,000

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Warning: according to the close date for this deal, Members Car Club may no longer be accepting investments.

Members Car Club Deal Report

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