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Buyer Tips

What is Exchange Program?

A potential buyer visiting marketplace can opt to buy a vehicle (used/new) while agreeing to sell his own used vehicle on/via Droom.

How Exchange Works?

  1. User chooses dream vehicle (used or new) from Droom’s huge listing base.
  2. User selects Exchange option & share own vehicle details using simple popup interface.
  3. Droom’s proprietary algorithm (OBV) calculates the price difference “Exchange Price”/” OBV Exchange Price”.
  4. Droom captures user’s information and logs user in, triggering listing creation in QuickSell marketplace.
  5. ECO technician visits user’s location at preferred time slot/day to inspect vehicle condition.
  6. Droom auctions user’s vehicle for 3Lac+ vehicle procurers/dealers.
  7. Meanwhile, user can buy the dream vehicle via token amount payment on Droom.
exchange_work_flow

What’s in it for the applicant?

  1. Droom will offer the applicant an OBV Exchange Price for his used vehicle.
  2. Payment for the applicant’s vehicle in a time bound fashion.
  3. Customer can buy a new vehicle online via Droom.

Pre-Conditions for Exchange

For a vehicle (possessed by the owner, individual or pro-seller) to be eligible for exchange it has to fulfill the following pre-conditions:

Applicability – Terms and condition

  1. Used 2W (up to 3 years, 15,000 kms driven/year, MM* specific) – Droom will accept these vehicles from the exchange applicant.
  2. Used 4W (up to 5 years, 15,000 kms driven/year, MM* specific) - Droom will accept these vehicles from the exchange applicant.
  3. A specific range of Makes and Models are eligible for Exchange.
  4. New/Used 2W/4W belonging to Categories Car, Bike, Scooter can be bought by the exchange applicant.
  5. Cross category Exchange is available

FAQs for Vehicle Exchange

A potential buyer visiting marketplace can opt to buy a vehicle (used/new) while agreeing to sell his own used vehicle on/via Droom. Droom’s Exchange program enables customers to exchange used vehicles from various manufacturer and across year of manufacture. Vehicles listed for Exchange will be inspected by Droom and shall be listed and sold through QuickSell/Business Development team. It will be a completely transparent and hassle- free process

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