Cash For Your Car

CarZar is an online platform where South Africans can sell their cars for cash, quickly and conveniently.

- Jana Jacobstrend

Our mission is to empower customers to sell and buy used vehicles seamlessly,” says CarZar co-founder and joint managing director, Fernando Azevedo Pinheiro, in an interview with finweek.

Having first-hand experience of the pitfalls and difficulties that come with selling a secondhand car in South Africa, Brazilian-born Pinheiro decided that there had to be a better, simpler way to go about this transaction.

When it came to selling his car, he failed to find a single dealership in Cape Town, where he is based, that was willing to take it off his hands. When he eventually managed to sell it, it was for much lower than the car was actually worth – and the offer came from a Johannesburg dealership.

After meeting Michael Muller, who is joint MD of CarZar and has also experienced the joys of selling a car, the model began to take shape, and the two co-founders secured their first round of funding from Silver Tree Capital.

“We launched version 1.0 in April 2016 – it was very basic. We really believed in the model and we wanted to make it happen fast, so we acted quickly,” explains Pinheiro.

And so the CarZar journey began. This online platform allows South Africans to sell their cars, at competitive prices, quickly and conveniently.