Jeffrey Andika’s Otospector helps used car buyers avoid buying lemons.
Finding the right used car is tricky—it’s hard to know what kind of hidden prob-lems they may have, a good deal might become an expensive lemon. Those concerns bothered Jeffrey Andika, co-founder of Otospector, when he was trying to buy a used Mazda CX-5 back in 2015. “I just came back from the U.S. and wanted to buy a used car. My family and friends advised me to buy a new car instead of a used one since they are not reliable here,” says Jeffrey.
Like most people, his biggest concern about buying a used car was the reliability issue—the last thing you wanted was to waste money on car that needed frequent repairs. He wanted to have the car checked by a professional and independent inspector. “I googled whether there was an authorized car inspection service here. Unfortunately, there wasn’t such thing here,” says Jeffrey, adding that in the U.S. companies such as Carfax provide this service.
After a long quest, Jeffrey found a mechanic trusted by his family and set a schedule to inspect the car he wanted to buy. “The mechanic was unconvincing. But what could I do? I needed someone with experience to check the car,” says Jeffrey. The journey to find a quality used car, while unpleasant, inspired Jeffrey and his brother, Sterly Yulius, to set up Otospector, an online car inspection firm.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
BACK ON TRACK
Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.
Championing Locals
The wave of social commerce is enabling inclusive digital economies beyond urban areas.
Boys in the Bubble
Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.
Enduring Relations
The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.
Sweet Success
Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.
Marathon Man
Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.
Gold Rallies on Inflation Fears
During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.
Set Off to A New Start
Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.
The Daily Intake
YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.
THE CROESUS OF CRYPTO
FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.