cinch is part of the Constellation Automotive Group, along with WeBuyAnyCar.com and BCA. The group operates a market-leading business across the UK and Europe.
Table of Contents
What is the company cinch?
Cinch is a car dealership platform that helps people browse, buy, and receive cars, with free home delivery, enabling them to find and buy used cars quickly and easily.
Do cinch do trade ins?
Yes, as long as your part-ex is worth at least £250. You can put this towards your finance deposit when you pay.
Is Cinch in financial trouble?
Pandemic write-down leads to multi-million-pound loss at Cinch parent company. The owner of BCA, Cinch and WeBuyAnyCar made a post-tax loss of £368.5m in 2019/20 mainly because of a write-down of Covid-related goodwill, according to latest figures.
Is Cinch bigger than Cazoo?
Top 100 most stocked used car dealers revealed as Cinch overtakes Cazoo and Carzam.
Is Cinch making money?
cinch has recorded growth of 45% month-on-month and the new site unlocks capacity for continued growth in the months ahead as consumers continue to move to buying used cars online. cinch was launched in October 2020 and is now the largest online B2C marketplace for used cars in the UK.
Is Cinch an English company?
Cinch (England) General Information
Provider of car dealership platform designed to find, buy and sell used cars.
Is Cazoo Russian owned?
Cazoo is a British online car retailer based in London, England which was founded in 2018 by Alex Chesterman.
How long has Cinch been going?
Cinch was launched back in July 2019 as a rival to Auto Trader, offering car retailers another online marketing platform on which to promote their stock for sale.
Where do Cinch get cars from?
Based upon that business model, Cinch Cars put their customers at the forefront of every aspect of their operations. They stock thousands of cars from all over the UK, all of which are less than seven years old and have fewer than 70,000 miles on the clock.
Who is the CEO of Cinch cars?
James Mullins is new Cinch CEO.
Do cinch cars come with MOT?
Yes, all cars will be delivered with a valid MOT.
Whats the difference between cinch and Cazoo?
All of Cinch’s refurbished vehicles will be under seven years old and will be available for free delivery in a Covid secure manner. Perhaps in another specific attempt to out-do the competition, customers will benefit from an option to return the vehicle after 14 days compared to 7 at Cazoo.
Do cinch check their cars?
What we inspect. We check all things big and small to ensure our cars are in great working order for their age, condition and mileage.
Does Cinch go bust?
It sold 49,853 vehicles in 2021. As reported on Monday, Cinch and Cazoo rival business, Carzam, confirmed it has now gone bust, partly due to an inability to get enough funding, which it blamed on Cazoo.
Who is backing Cinch?
In order to continue raising its profile, BCA, which was rebranded into Constellation Automotive Group in January 2021, raised £1 billion in additional funding for Cinch. The fundraise came on the heels of Cazoo’s New York Stock Exchange IPO, which valued the competitor at £5 billion.
Do Cinch cars come taxed?
You are responsible for the payment of vehicle tax. The V5C reference number will be provided to you prior to Delivery or Collection so that you can arrange vehicle tax for the Car with the DVLA to start on Delivery or Collection. We will notify the DVLA of the change in ownership.
Is Cazoo in financial trouble?
The business, which brands itself as making ‘buying and selling a car as simple as ordering any other product online’, shouldered a £243m loss for the six months ended June 30, 2022.
References:
- https://www.cinch.co.uk/about-us
- https://www.cazoo.co.uk/about-us/
- https://www.crunchbase.com/organization/cinch-1f9e
- https://www.cinch.co.uk/part-exchange
- https://cardealermagazine.co.uk/publish/pandemic-write-down-leads-to-multi-million-pound-loss-at-cinch-parent-company/220816
- https://cardealermagazine.co.uk/publish/top-100-most-stocked-used-car-dealers-revealed-as-cinch-overtakes-cazoo-and-carzam/219773
- https://www.cinch.co.uk/announcements/cinch-news/cinch-drives-next-phase-of-growth-with-investment-in
- https://pitchbook.com/profiles/company/458589-43
- https://en.wikipedia.org/wiki/Cazoo
- https://www.am-online.com/news/supplier-news/2020/10/20/bca-accused-of-opening-pandora-s-box-with-cinch-online-car-retail-offering
- https://www.mycarcredit.co.uk/who-are-cinch-cars-should-i-buy-car-from-them/
- https://www.auto-retail.co.uk/agenda/james-mullins-is-new-cinch-ceo/
- https://www.cinch.co.uk/support
- https://www.planinsurance.co.uk/blog/cazoo-cinch-carzam/
- https://www.cinch.co.uk/car-inspection
- https://aimgroup.com/2022/06/08/cinch-beating-cazoo-is-vehicle-stock-battle/
- https://productmint.com/who-owns-cinch/
- https://www.cinch.co.uk/policies/terms-and-conditions
- https://cardealermagazine.co.uk/publish/cazoo-losses-more-than-double-in-first-half-of-2022-to-243m/269280
