Chicago, IL (October 6, 2016) – Boro Inc. and Beepi have agreed on a strategic collaboration to offer a better and more hassle-free online car purchase experience for international students in the U.S. The collaboration will combine Boro’s expertise in auto financing services with Beepi’s expertise in selling used cars. It will provide international student without credit history a new financing option to purchase cars on Beepi. At the same time, the collaboration will also enable Boro to offer expanded service and a greater variety of car options for customers to choose from in as many as 48 states across the nation.
Boro is known in the online financing industry for its auto loan service to international students. With Boro’s proprietary underwriting model, students with no SSN or credit history can enjoy unprecedented access to convenient and affordable financing services. There is no origination fee, any hidden fees, or prepayment penalty included in the service. Beepi is known for revolutionizing the way that people buy and sell cars by making a traditionally painful experience fast, easy, and fun. All cars are quality certified and delivered to door. All prices are transparent and all dealership costs are cut out.
This partnership reflects Boro’s desire to collaborate with companies that share its vision of providing international students with an affordable consumer financing option when they purchase their cars, and underscores the company’s commitment to serve the needs of underserved minority groups.
About Boro Online Financing Platform
Founded in 2015 and headquartered in Chicago, Boro is the first finance service provider tailored to international students in the U.S. With its proprietary underwriting model, the company’s mission is to offer the most competitive auto financing solutions even to students who don’t have SSN or credit history. Boro’s competitive advantages include but not limited to: down payment as low as 30%; loan approval within 48 hours; no origination fee and any hidden fees; no prepayment penalty. Boro has also partnered with a wide range of auto dealers across the nation, and guarantee students hassle-free car purchasing experience. For more information about Boro Inc., visit its website at www.getboro.com
About Beepi Online Used Car Platform
Founded in 2013 and headquartered in Silicon Valley, Beepi is the first peer-to-peer marketplace in the U.S. to buy and sell pre-owned cars online. It directly connects car buyers and sellers within a fast, convenient and secured environment while offering superior end-to-end customer service. Beepi has cut out the costs of a traditional dealership, so that more values can be passed along to customers. Meanwhile, to take all the pain out of the process, Beepi also does all of the DMV work for customers. All Beepi cars must pass Beepi’s comprehensive 240-point inspection process and become Beepi-certified. With all the parameters well-documented online, customers can easily tell the pros and cons of the pre-owned vehicles within seconds. All Beepi cars come with a free 3-month, 3,000-mile warranty. If customers change their mind after receiving the car, they can return the car for a full a refund within 10 days, no questions asked. For more information about Beepi, visit its website at www.beepi.com
Application Process - 4 Easy Steps!
Step 1: Pick your Car
Pick your car at beepi.com/buy. Pay the refundable $500 deposit and finish your checkout process on Beepi.
Step 2: Apply for Financing
Register for an account and apply for auto financing at getboro.com. The underwriting process usually takes up to 2 business days.
Step 3: Sign your loan agreement
Upon approval, Boro will get in touch with you and Beepi as soon as possible. You can sign your Boro loan agreement electronically and Beepi will schedule a delivery time with you at your most convenience.
Step 4: Make your down payment, and see you on the road soon!
Upon receiving your car, make your down payment to Beepi and now you’re good to go!
For more information, please contact:
500 W Madison St, 1000B
Chicago, IL, 60607