NewGate Capital Partners Closes Out Seed Round for AutoSaver.com

NewGate Capital Partners, a Winter Park, FL boutique consulting firm has successfully closed out a seed round of nearly $1 million for AutoSaver.com, a value-based car shopping site that hit the market two weeks ago. Much more than your typical Angel investment group, NewGate provides entrepreneurs with the guidance and success-oriented tools they need to succeed during the early stages of their business.

“AutoSaver.com is very excited to be working with NewGate Capital Partners. They’re an incredible group, and we anticipate working with them to secure future financing rounds”, states AutoSaver.com CEO, Derek White.”

“When we first saw the AutoSaver.com business model (then under E-Drive Autos), we knew immediately that we wanted to work with these guys,” states Joe Alvarez, NewGate Co-founder and Partner. “Their business model is a perfect fit for us and we are extremely confident that they will enjoy long term success through our mentoring and financial backing”, he ads.

About NewGate Capital Partners

NewGate Capital Partners offers a boutique environment catering to a selected clientele and provides the right advice, analysis, and tools in the development, planning, and execution of the best financial strategy for any stage of business. NewGate provides entrepreneurs the full relationship benefits from being part of the NewGate family of companies. NewGate enjoys a successful track record in identifying opportunities for companies in the search for the ideal buyer, partner, or investor.

About AutoSaver.com

AutoSaver.com is a savings-minded vehicle shopping service that identifies the best pre-owned deals online. Great prices on dealer overstock and wholesale units are always within reach, and the innovative Value Range Pricing (an industry first) helps serious car shoppers locate and validate the best deals online. With a vast stock of wholesale inventory that’s nearly three times larger than any dealer-to-dealer marketing site, AutoSaver.com is also an excellent resource for dealers to locate wholesale inventory.  AutoSaver.com is partnered with Carfax, Black Book, Visiture, AutoUSA, VivaStreet, and NewGate Capital Partners and other leading companies in the automotive space. The company was founded in 2011, and is based in St. Augustine, FL. Go to www.autosaver.com for more info.

Teen Drivers Today

http://www.AutoSaver.com by Kimberly Ann

I’m sure we’ve all heard that motor vehicle accidents are the leading cause of teenage deaths in the United States.  In fact, the risk of motor vehicle accidents are highest among 16-19 year olds.  This age group is three times more likely than drivers, aged 20 and older, to be in a fatal crash.  Among these teens, those especially at risk are:

Male Drivers - the vehicle death rate for male drivers and passengers, ages 16 to 19, was almost two times that of females in that same age group.  This is a crazy stat!

Teens who drive with other teens – this makes sense.  The crash risk increases significantly when a teen driver is driving with another teen in the car.  Not only that, but the risk increases further when the number of teen passengers increases.

Newly licensed drivers – Yes, those new behind the wheel are at higher risk.  LACK OF EXPERIENCE!!

Now throw the texting, music, make-up and lattes into the equation.  This is serious business.

You know the question that’s coming…Should the age at which our teens are allowed to obtain their license be raised? 

Having read a boatload of stats, and being a parent of two teenage daughters…my vote is RAISE IT or MAKE SOME CHANGES.  My theory is if only 56% percent of our teenage drivers are smart enough to wear their seat belt, these kids have no business behind the wheel of a car.

Every state has their driving regulations, but does this mean that teens in Missouri are any different than teens in FL?  Teens are teens no matter where they live.  What surprised me is there are actually states that allow you to get your permit at age 14.5 and your license at 15.  Really??    Most states consider your initial license a ‘restricted license’, meaning you may have curfew or only allowed so many passengers in your vehicle.  It’s still a license.

I know not all teen drivers are irresponsible, and I understand that they don’t get behind a wheel and say, ‘I want to cause an accident today’.  However, I personally feel some changes need to be made.  I’m going to stir it up a bit, but I want your thoughts in return.  If I had my way this is what I’d start with:

1. Learner’s permit at 16 (14 and 15 are entirely too young)
2. Mandatory Driver’s Education Course that you must pass…A classroom course, not an ‘on-line’ course.
3. 1 year of supervised driving that your parent needs to sign off on, stating the teen has obtained a required number of hours behind the wheel. 
4. Restricted license at 17 – meaning you still have curfew, restricted number of passengers, etc.
5. Full license at 19 – and if there have been traffic violations between 17 and 19, then theFull License should be pushed back to 20.

In closing, let me ask this:  Do you feel the type of car a new teen driver has, impacts the risks (i.e. a Camaro vs. a Ford Edge)? What say you?

http://www.AutoSaver.com

References: 

http://www.cdc.gov/motorvehiclesafety/teen_drivers/teendrivers_factsheet.html

http://parentingteens.about.com/od/teendriving/a/Driving-Age-by-State.htm

Go For the Green

http://www.AutoSaver.com by Kimberly Ann

Don’t you just love it when people and businesses make life easier for us?  With all of life’s little inconveniences, it’s so refreshing when something comes along that saves me time! When I began using http://www.AutoSaver.com for car shopping, I became increasingly addicted to their Value Meter.  I found that when I clicked on a vehicle I wanted to look at, the first place my eyes were drawn was to the Value Range Pricing (VRP) Meter. 

It immediately shows me how much money I’m saving… with just a quick glance.  The key word here is QUICK. Without the meter, I’m left doing a lot of homework, spending a lot of time just trying to figure out if this particular vehicle is a good price.  All the vehicles on the meter, that are displayed ‘in the green’, are priced BELOW average market.  In layman's terms, it lets you know how much money you can save.  Needless to say, I’m hooked!  Life is a bit easier because of their VRP Meter.

If you would like to save a little more time, http://www.AutoSaver.com also gives you a way to filter your search.  So if you only want to view vehicles priced ‘in the green’ you can do that with their VRP Adjuster.  Just slide the guides and go for the green! 

What I consider to be the cherry on top is their Market Comparable Chart.  When I saw this new feature, I was intrigued to say the least.  Now, when I click on a vehicle I would like to view and head to the detailed page:

1)   I glance at the VRP Meter to check out my savings

2)  I then view the Market Comparable Chart.  This allows me to see how many vehicles, similar to the one I’m currently viewing, are available.  This cool tool shows the vehicle prices along with the distance those cars are from the one I’m viewing. 

How great is that?  Now, I can easily see how many vehicles, similar to the one I’m viewing, are available.  If there are some vehicles that may be priced a little better, I can simply click on the dot and view the vehicle details.  

Three fabulous features that are definite time savers.  If you haven't checked them out...you're definitely missing out.  So don't be last to use an industry first!

http://www.AutoSaver.com ...When Savings Matter Most!

'Value Range' Car Shopping Hits The Automotive Industry

http://www.AutoSaver.com by Kimberly Ann

AutoSaver.com, a value-based car shopping site that helps bridge the gap in trust between price-sensitive shoppers and auto dealers, is picking up steam after hitting the market last week. There’s no question that once you visit AutoSaver.com, you’ll find it’s not your typical car classifieds site. What truly sets this bargain mecca apart from other sites is its proprietary Value Range Pricing.  This unique method for interpreting price, surfaces thousands of vehicles in the used automobile market that are at the end of the retail marketing cycle. These vehicles are usually marked down for a variety of reasons, mostly due to the length of time the vehicle has sat on the dealer’s lot. Market prices are displayed on an aesthetically attractive “diamond meter”, and in one glance, serious buyers can quickly discern if a particular vehicle they’re researching is priced to sell.

The company's founder is Derek White, who was the original founder and visionary of real estate data giant Realtytrac.com. White had the idea for AutoSaver.com while operating a successful Internet auto dealership. His vision for AutoSaver.com was to provide consumers access to the best deals on pre-owned cars while facilitating a unique marketing niche to assist dealers in liquidating aged-inventory faster and cheaper than auctions. After honing the business model and spending nearly 2 years in development, White is ready to bring AutoSaver.com to the mainstream. “Most dealers spend an average of $250 to sell a vehicle at local auction, and with no guarantee of even making a profit. AutoSaver.com delivers the “ready-to-buy” shoppers that dealers need to make a more lucrative sale”, states White.

By partnering with AutoSaver.com, dealers can lessen the overhead costs and logistical problems associated with traditional auctions. And, with greater success, they can market slow moving inventory separately from frontline units without hurting their bottom line. "I’ve spoken with hundreds of dealers over the course of 2 years that are overwhelmingly in support of our service. It’s simply a matter of time, and we could become the dealer’s Swiss Army Knife for wholesale liquidation. In plain terms, we help the consumer shop smarter and give auto dealers the best wholesale value proposition in the industry”, White summarizes.

About AutoSaver.com

AutoSaver.com is a savings-minded vehicle shopping service that identifies the best pre-owned deals online. Great prices on dealer overstock and wholesale units are always within reach, and the innovative Value Range Pricing (an industry first) helps serious car shoppers locate and validate the best deals online. With a vast stock of wholesale inventory that’s nearly three times larger than any dealer-to-dealer marketing site, AutoSaver.com is also an excellent resource for dealers to locate wholesale inventory.  AutoSaver.com is partnered with Carfax, Black Book, Recycler, Visiture, AutoUSA, VivaStreet and CarsDirect among other industry-leading companies. The company was founded in 2011, and is based in St. Augustine, FL. Go to http://www.autosaver.com for more info.