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.
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Is cinch an English company?
Cinch (England) General Information
Provider of car dealership platform designed to find, buy and sell used cars.
Who owns cinch and Cazoo?
Alex Chesterman OBE, Founder & CEO
Alex is one of Europe’s leading digital entrepreneurs and has spent the last twenty years applying data and technology to improve consumer experiences.
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.
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.
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.
Are Cinch cars approved?
Every one of our cars comes with the cinch seal of approval. What does that mean? Quality inspections are carried out by highly trained technicians to make sure that all vehicles are safety checked, quality checked and, are given the TLC they require to ensure they’re in tip-top shape.
Does Cinch negotiate?
Are your prices negotiable? We set our prices carefully, so you get a fair deal without haggling. If it’s not the car for you, just return it for a full refund as part of our 14-day money-back guarantee.
How long is Cinch warranty?
The 90-day warranty is a free, short-term warranty plan that comes with all cars for delivery. If an unexpected problem happens to your car after 90 days, it won’t be protected. With cinchCare, you get the continuous coverage of a warranty, regular servicing and breakdown plan for a single monthly price.
How many customers do Cinch have?
cinch allows its c. 30 million unique visitors a year to part exchange their car and buy or finance quality-checked used cars fully online and have them delivered straight to their home.
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.
What is the best car buying website?
- Best Overall: Autotrader.
- Best Basic Option: CarsDirect.
- Best for Classic Cars: Hemmings.
- Best for Mobile: Autolist.
- Best for Cheap Cars: CarGurus.
- Best for Comparing Options: AutoTempest.
- Best Auction Site: Cars & Bids.
Is Cinch bigger than Cazoo?
Top 100 most stocked used car dealers revealed as Cinch overtakes Cazoo and Carzam.
Is Cazoo Russian owned?
Cazoo is a British online car retailer based in London, England which was founded in 2018 by Alex Chesterman.
Does Cinch cover road tax?
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.
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 with warranty?
cinchCare – Lifetime Warranty, Breakdown Assistance, Routine Servicing and Additional Assistance – Terms and Conditions – cinch.
References:
- https://www.cinch.co.uk/about-us
- https://www.crunchbase.com/organization/cinch-1f9e
- https://pitchbook.com/profiles/company/458589-43
- https://www.cazoo.co.uk/about-us/
- https://cardealermagazine.co.uk/publish/pandemic-write-down-leads-to-multi-million-pound-loss-at-cinch-parent-company/220816
- https://www.mycarcredit.co.uk/who-are-cinch-cars-should-i-buy-car-from-them/
- https://www.planinsurance.co.uk/blog/cazoo-cinch-carzam/
- https://www.cinch.co.uk/used-cars
- https://www.cinch.co.uk/support
- https://www.cinch.co.uk/cinch-care
- https://www.cinch.co.uk/announcements/cinch-news/cinch-drives-next-phase-of-growth-with-investment-in
- 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.investopedia.com/best-used-car-sites-5094153
- https://cardealermagazine.co.uk/publish/top-100-most-stocked-used-car-dealers-revealed-as-cinch-overtakes-cazoo-and-carzam/219773
- https://en.wikipedia.org/wiki/Cazoo
- https://www.cinch.co.uk/policies/terms-and-conditions
- https://aimgroup.com/2022/06/08/cinch-beating-cazoo-is-vehicle-stock-battle/
- https://productmint.com/who-owns-cinch/
- https://www.cinch.co.uk/cinch-care/terms-and-conditions
