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BestOffer.com Speeds Into Los Angeles Used Car Market

1 May 2000

BestOffer.com Speeds Into Los Angeles Used Car Market

                   Southern California Consumers Now in the
                Driver's Seat for Buying or Selling a Used Car

    LOS ANGELES, May 1 BestOffer.com announced today that it
has entered the nation's largest car market, giving Los Angeles car owners a
better way to buy or sell a used car.  BestOffer.com's online person-to-person
used car marketplace will help Los Angeles consumers avoid the hassles,
uncertainty and risk that are typical in the used car buying and selling
process.
    "Just eight weeks after we successfully launched in the San Francisco Bay
Area, we are excited to be serving the premiere auto market in the country,"
said Pratap Mukherjee, CEO of BestOffer.com.  "Los Angeles residents are very
sophisticated car consumers -- they love their cars and rely on them.  Now,
BestOffer.com brings these millions of car-owners a service that takes the
pain out of buying or selling a used car."
    As BestOffer.com enters Southern California, it continues to transform the
$370 billion used car market through its unique combination of online
technology and off-line automotive expertise and services.  BestOffer.com
provides a complete solution for buyers or sellers of used cars, including a
mobile, 108-point vehicle inspection conducted by one of its ASE-certified
Automotive Technicians, convenient test-drives, comprehensive research and
information tools, hassle-free online transactions and a free
3-Month/3,000-Mile powertrain warranty on qualified vehicles.  By combining an
unbiased vehicle inspection report, results of a vehicle background check and
other automotive research tools, BestOffer.com provides customers with more
information on each and every car than any other company.
    Since its initial launch in the San Francisco Bay Area in February 2000,
demand has surged for the BestOffer.com service.  Buyers and sellers of used
cars are excited that they are now able to get a fair price, without the
hassles and haggling that occur in the traditional used car buying and selling
process.
    "With BestOffer.com, I not only got a great deal on buying my dream used
Porsche, but I really enjoyed using the service," said BestOffer.com Buyer
Bruce of Woodside, California.  "From the comfort of my office, I was able to
view very detailed and useful information about the condition of the car.
They made it convenient to test drive the car and the online registration and
bidding process was very easy."
    "Listing my car with BestOffer.com was super easy and very low hassle.  I
was particularly impressed by how thorough, knowledgeable and friendly the
mechanic was," said Frank, a BestOffer.com Seller in San Francisco.  "The
whole experience was very positive."
    "To best serve the Los Angeles region, we have initially opened four
operation centers serving the counties of Los Angeles and Orange," said
Mukherjee.  "We will continue to provide our customers with superior service,
and look to expand our service to other 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.  BestOffer.com is a privately held company, with key investment partners
including Bessemer Venture Partners, Draper Fisher Jurvetson and idealab
Capital Partners.  For more information on the company visit the Web site at
http://www.bestoffer.com or visit the press site at
http://www.bestoffer.com/press .