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BestOffer.com Offers 'Free for All' Preview of Painless Way to Buy and Sell Used Cars

14 December 1999

BestOffer.com Offers 'Free for All' Preview of Painless Way to Buy and Sell Used Cars
     Unique Service Offers Used Car Buyers and Sellers Complete Solution

    SAN FRANCISCO, Dec. 14 -- Consumers can say goodbye to the
headaches and hassles of buying and selling used cars today with the launch of
BestOffer.com, the first company dedicated to taking the pain out of buying
and selling used cars.  Only BestOffer.com combines online technology with
off-line automotive expertise, quality assurance and friendly customer service
to create a complete solution for buyers and sellers of used cars.
    To introduce itself to the San Francisco Bay Area, BestOffer.com is
launching today with a "Free for All" preview, offering their services
completely free-of-charge until January 2000.
    "Our mission is to transform the used car market by providing a service
that is 100% focused on the needs of used car customers," says cofounder and
CEO Pratap Mukherjee.  "The $370 billion used car market includes millions of
consumers who are looking for alternatives to misleading classified ads,
haggling with used car dealers, and the inevitable fear of buying a lemon.
Only BestOffer.com brings sellers and buyers what they want most -- a fair
price without hassles, uncertainty, and risk."
    BestOffer.com guides customers through every step of the process of buying
or selling a used car with its unique online marketplace, unbiased vehicle
inspections, convenient test drives, comprehensive research and information
tools, and assistance in securing financing, insurance, and after-market
warranties.
    "What makes us truly unique is that we've combined Internet-driven
information tools with off-line services to provide an integrated solution for
both buyers and sellers," says cofounder and President Jeff Reed.  "Sellers
will be impressed with our convenient inspections, safer and more convenient
test drives, and the marketing reach of our website.  Buyers will like our
inventory and selection, rigorous inspections and detailed background checks
on each vehicle for sale, and warranty services to provide peace of mind.
Both will value the guidance we provide every step of the way."
    Whether setting a price or arranging test drives, selecting a car or
closing the deal, BestOffer.com's unique set of services brings trust to the
process of buying and selling a used car.
    For each car registered for sale, BestOffer.com conducts a detailed,
unbiased 108-point inspection and an extensive vehicle background check on
everything from manufacturer buybacks ("lemons") to unpaid parking tickets.
BestOffer.com's online Car Report presents the results of the inspection and
background check -- including photos of the car.  To find cars that suit their
needs, buyers review these vehicle Car Reports, along with general information
about makes, models, and pricing information.
    BestOffer.com also makes the test drive process easier and safer.  Sellers
choose a method that suits their needs -- individual appointments; scheduled
"car showings" that work like a real estate open house; or, one of
BestOffer.com's consignment lot partners.  Sellers save time by only showing
their cars to buyers who have reviewed their vehicle's report and are truly
interested in their car, while buyers can get a first hand look at their
vehicle of interest.
    To help close the deal, BestOffer.com provides guidance on the paperwork,
and can help buyers find financing, insurance, warranties, and even escrow
services through partnerships with Creditland, Progressive Insurance and
Quicken InsureMarket, Warranty Gold and AutoEscrow.
    "Early response to the 'Free for All' Preview has far exceeded our
expectations," said CEO Mukherjee.  "We already have hundreds of vehicles in
inventory from sellers that are tired of the old process.  Every day, we are
adding new inventory and helping buyers and sellers meet without all the
hassles."
    Look for more from BestOffer.com early next year when the company unveils
its unique person-to-person online auction.  After establishing itself as the
market leader in the Bay Area during the first quarter of 2000, BestOffer.com
will roll out throughout the year 2000 to major metropolitan areas nationwide.

    About BestOffer.com
    BestOffer.com is a better way to buy or sell a used car.  Only
BestOffer.com combines online technology with off-line automotive expertise,
quality assurance and friendly customer service to create a complete solution
for consumers, taking the pain out of the process of buying or selling a used
car.  After launching in the San Francisco Bay Area, BestOffer.com will
rollout to major metropolitan areas nationwide.