Carbar Autos

Carbar Autos places itself in the market as no traditional car dealer, but a tech company that helps you eliminate all that stress. The company states that it can remove stress from trying to sell a car by offering to buy it and, after a thorough inspection, offering a fair price for the vehicle. Regarding purchasing a car, Carbar says that all of the cars on its website have been tested and inspected to the highest standards. The company offers buyers to test drive the car for up to three days, or up to 300km. 

Founded in 2016 in Nunawading, on the outskirts of Melbourne, the company also offers deals for businesses. It offers access to vehicles for 'Tool of Trade' and 'Benefit Schemes' for businesses and employees. 

Tool of Trade - Carbar don't tie businesses in to lock-in contracts so that customers can scale up or down their car fleet whenever they want. The company mention that this kind of offer would be ideal for businesses that utilise contractor staff, have a high turnover of workforce, or companies that are often changing in size. Customers can pay for the vehicle when they need it, and Carbar offers a pick-up service for the car when it is no longer needed. 

Benefit Schemes - Carbar offer businesses discounted car subscriptions as benefit schemes for their employees. The company takes a look at the customer's payroll and calculates a suitable price accordingly. Carbar also state that the employees are able to cancel contracts on vehicles without any termination fees. 

In July 2019, Carbar raised $16.8m in funding -- whereby Insurance Australia Group (IAG) acquired a majority stake in the business.