Founded in 2011 by Tim Yarosh, Peddle is a company that specializes in connecting vehicle owners with companies that are willing to purchase them. Peddle will provide the customer with an instant offer after answering a few questions about the vehicle they want to sell. After getting their custom offer, customers can choose to reject the offer or to accept it. If they accept the offer, they will be redirected to a page where they will be required to create an account. 

After creating their account, they will be asked for a few more details about the vehicle they want to sell, including the address it is located at and the Vehicle Identification Number (VIN). Once they have all of this information, they will send you an email with all of the details regarding your order. 

Peddle Company Information

Official Website:https://peddle.com/
Headquarters Location:Austin, Texas, United States
Founded:2011
Industry:Automotive
Ownership:Tim Yarosh 
Contact:contact@peddle.com
Trust Score:Good
Social Media:LinkedIn Twitter Instagram Facebook

What is Peddle?

Peddle was founded in 2011 by Tim Yarosh and is a business that makes it more manageable for vehicle owners to sell their vehicles. While you might not earn as much selling through them as you might through a private sale, it makes the whole process much easier. Within 5 minutes, you can have an accurate quote delivered for your vehicle and the sales process initiated. Within a week, you will have a date arranged for a tow truck to come out and pick your vehicle up. 

Peddle works by connecting its customers with businesses that will buy their vehicle, as well as tow truck operators who can move your vehicle for you. When the tow truck operator comes out to move your vehicle, he will also deliver you the check from Peddle, so you are paid the same day.

Is Peddle legal and safe or is it a scam? 

Peddle has purchased over 2 million vehicles from their owners since its inception in 2011. With 85% of their nearly 90,000 reviews being 5/5 stars, it is clear that the majority of their customers are satisfied with the process. Additionally, looking at their Better Business Bureau profile, they have only had 62 complaints closed within the last three years, and they currently hold an A+ rating.

The majority of the complaints that have been opened against them have related primarily to changes in the price offered. This usually refers to after-market products installed on the vehicle or delays in payment due to administration errors. The majority of the complaints that have been opened against Peddle by the Better Business Bureau were very quickly resolved and left customers happy with the response time. 

Another issue that some customers have reported happening is a failure by Peddle to properly transfer the ownership after selling their vehicle. However, as is the case with the other complaints opened against Peddle by the Better Business Bureau, they are very prompt with their responses.

Is Peddle Reliable & Trustworthy? 

As is the case with most businesses, they are operating with the primary goal of making as much money as possible. This means that the offers you receive on your vehicle will typically be lower than what the vehicle is actually worth and that they may try and bring that number even lower when they come out to tow the vehicle away. This has been the most significant point of contention between Peddle and its customers. 

While Peddle may be reliable in terms of them paying their customers and delivering prompt service, where their reliability falters is in whether or not they will pay you the amount that was originally offered to you. Many vehicles that have been on the road for a few years will inevitably have an after-market part installed on them. Whether it is because the original part was damaged or stolen, these things happen. Often when dealerships sell a used vehicle, they do not disclose everything about the vehicle they should. This means that when Peddle comes out to look at a customer’s vehicle, they may discover things that even the customer was not aware of. They will then use this to negotiate a smaller payment. 

The Pros & Cons of Peddle

Pros:

  • You can get an offer instantly through their website
  • Service is extremely quick
  • They are very responsive to any complaints posted to the Better Business Bureau

Cons:

  • The offer you receive will be for much less than the vehicle is worth
  • Offers are not always accurate, and the offer may be less after seeing the vehicle

How does Peddle Make Money?

Peddle is able to make money by offering its customers less than what their vehicles are worth. In addition to paying their customers, Peddle also has to pay the tow truck operators that pick up the vehicles, as well as their employee and infrastructure costs. To make this money back, Peddle has to make enough back on the vehicles they purchase. This means that when you are selling your vehicle, these costs are factored into the amount they offer you for the vehicle. 

Best Peddle Alternatives

As Peddle is based exclusively in the United States, they do not have many competitors. While there are other companies specializing in the same business, these are in other countries. These include:

  • Kavak (Mexico)
  • Neuwagen24 (Germany)
  • GoMechanic (India)

The only Peddle competitor located in the USA is We Buy Any Car. Originally located solely in the UK, they have since established their business in the United States as well.

FAQ

How does Peddle pay you?

Once you accept an offer from Peddle they will schedule a pick-up time for a tow truck operator to come and take your vehicle away. When the tow truck operator arrives, he will perform a quick inspection of your vehicle, and if all checks out, he will hand you a check for the agreed-upon amount. 

When does Peddle pay you?

Peddle will pay you as soon as the tow truck operator confirms that the vehicle is as expected and there is not any unexpected damage or changes to the vehicle. If all checks out, the tow truck operator will hand you a check from Peddle for the amount that was agreed upon. 

What types of vehicles does Peddle purchase?

Peddle will purchase your vehicle regardless of its make, model, year, and condition. Even if your vehicle was involved in a bad accent, Peddle would still give you an offer on it.

What does Peddle do with my vehicle?

Depending on the vehicle itself, your vehicle will either be sold back to a dealership or to a scrap yard. Peddle has a massive network of buyers, including dealerships and salvage yards. What they do with your vehicle is dependent upon what is profitable. 

How do instant offers work with Peddle?

When a customer is interested in selling their vehicle with Peddle, they can head to their website to answer a few questions about their vehicle. Once Peddle finishes asking their dozen or so questions about the vehicle, the customer will be presented with an offer and be given an option to accept it. After creating an account, the customer will have a week to accept the offer, at which time a tow truck operator will be scheduled to come out and pick the vehicle up.

Is Peddle available in my city? 

If you live in the United States, Peddle will be available for you to use. Depending on your location, the offer on your vehicle may change. If you are located closer to a major center such as Los Angeles or New York City, the offer you receive will be higher than if you live in a very rural area, as Peddle will have to pay to have your vehicle transported to somewhere they can sell it. 

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